Moving from Symmetric to Asymmetric Nexus between Oil Price, Exchange Rate and Government Spending in Developing Economy with Focus on Economic Sustainability

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dc.authoridhttps://orcid.org/0000-0003-4948-6905
dc.authoridhttps://orcid.org/0000-0001-8233-1484
dc.contributor.authorBabatunde, David
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorBörü, Mustafa Kerem
dc.contributor.authorHuseynova, Rena
dc.date.accessioned2025-07-09T10:31:16Z
dc.date.available2025-07-09T10:31:16Z
dc.date.issued2025
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesi
dc.description.abstractOver the past few decades, many developing countries, especially Nigeria, have continuously grappled with sustaining their economies financially despite huge proceeds from the exportation of crude oil and other mineral resources. Leading to under-performance and inefficiencies in these economies. This forms the backdrop for this study, which investigates the link between the oil price, exchange rate, and government spending in Nigeria. To achieve this, the research analysed annual frequency data between 1981 and 2022 using auto-regressive distributed lag (ARDL) and Non-Linear Auto-regressive distributed lag (NARDL) models after checking for unit-root properties. Findings show that oil price (both in linear and non-linear investigations) correlated positively but cannot explain government spending. The exchange rate has a direct and significant linear and nonlinear influence on government spending. Given these findings, policies on government spending should be channeled towards sustainable economic diversification to prevent future shocks in the exchange rate and oil price.
dc.identifier.doi10.32479/ijeep.19475
dc.identifier.endpage373
dc.identifier.issn2146-4553
dc.identifier.issue3
dc.identifier.scopusqualityQ2
dc.identifier.startpage362
dc.identifier.urihttps://hdl.handle.net/11363/10068
dc.identifier.volume15
dc.indekslendigikaynakScopus
dc.institutionauthorBekun, Festus Victor
dc.institutionauthorBörü, Mustafa Kerem
dc.institutionauthoridhttps://orcid.org/0000-0003-4948-6905
dc.institutionauthoridhttps://orcid.org/0000-0001-8233-1484
dc.language.isoen
dc.publisherEconjournals
dc.relation.ispartofInternational Journal of Energy Economics and Policy
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectSustainable Economic Growth
dc.subjectSDG-8
dc.subjectDynamic Multiplier
dc.subjectOil Price
dc.subjectResource Curse
dc.subjectShock Evolution
dc.titleMoving from Symmetric to Asymmetric Nexus between Oil Price, Exchange Rate and Government Spending in Developing Economy with Focus on Economic Sustainability
dc.typeArticle

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