All books bought on the website can only be read on the app. Download Jackobian to have access to your materials
This paper investigated the size of Nigeria’s output connectedness
with China, India and USA, with particular focus on Nigeria’s latest democratic
era that began in 1999. The study used the normalised generalised forecast
error variance decomposition (GFEVD) of the underlying vector error
correction (VEC) model to construct the connectedness measures. The findings
reveal that India and China are the largest contributors of spillover index in the
system. Overall, the size of the connectedness index of the economies is
34.55%, which shows remarkable output spillovers among these countries. The
policy implication of these results is that Nigerian economic authorities should
closely monitor the output fluctuations around the world, especially those of
Nigeria’s top trade partners like India and China in order to mitigate adverse
output shocks.
