این سایت در حال حاضر پشتیبانی نمی شود و امکان دارد داده های نشریات بروز نباشند
Iranian Economic Review، جلد ۲۶، شماره ۴، صفحات ۸۳۳-۸۵۱
عنوان فارسی
چکیده فارسی مقاله
کلیدواژه‌های فارسی مقاله
عنوان انگلیسی The Asymmetric Influence of Exchange Rate and Inflation on Financial Development in Nigeria: Evidence from NARDL
چکیده انگلیسی مقاله This paper examined the asymmetric effects of exchange rate, and inflation on financial development growth using a model enhanced with oil prices asymmetry to apprise model specification. The research question that has been used implies, do the changes in their asymmetry significantly influence financial development? We employed nonlinear auto-regressive distributive lag (NARDL). In addition, we used the monthly data from 1980M01 to 2018M12. We found a long-term negative shock in exchange rate, both short run positive shock and negative shocks, respectively, declining the financial development. Additionally, the long run negative oil price shock and its long-term positive shocks stimulate and decline financial development, respectively. Regarding inflation, its positive and negative shocks in long run, respectively, reduce financial development. While in the short run the negative and positive shock in inflation increase and decline the financial development respectively. Accordingly, the results demonstrate a stable and sustainable inflation and exchange rate environment that would negatively cause financial development to stabilize the oil price and enhance the robust financial system. Therefore, successful policies that promote low inflation and exchange rates, overhaul of reliably improved financial institutions, capital accumulation, and efficient resources mobilization should be put in place for positive financial development to occur.
کلیدواژه‌های انگلیسی مقاله Asymmetries,Exchange rate,Financial Development,Inflation,NARDL,oil prices
نویسندگان مقاله Umar Muhammad Dabachi |
Faculty of Business and Management, Universiti Sultan Zainal Abidin Malaysia, Terengganu, Malaysia

Suraya Mahmood |
Faculty of Business and Management, Universiti Sultan Zainal Abidin Malaysia, Terengganu, Malaysia

Ali Umar Ahmad |
Faculty of Maritime Study, Universiti Malaysia Terengganu, Terengganu, Malaysia

Aminu Hassan Jakada |
Department of Economics and Development Studies, Faculty of Arts and Social Sciences, Federal University Dutse Nigeria, Dutse, Nigeria

Ahmad Tijjani Abdullahi |
Department of Economics, Faculty of Social and Management Sciences, Bayero University, Kano, Nigeria

Mohammed Atiku Abubakar |
Faculty of Business and Management, Universiti Sultan Zainal Abidin Malaysia, Terengganu, Malaysia

Kabiru Kamalu |
Faculty of Business and Management, Universiti Sultan Zainal Abidin Malaysia, Terengganu, Malaysia

نشانی اینترنتی https://ier.ut.ac.ir/article_90659_4520ac4d6fa2529d25feb0b17c875a91.pdf
فایل مقاله فایلی برای مقاله ذخیره نشده است
کد مقاله (doi)
زبان مقاله منتشر شده en
موضوعات مقاله منتشر شده
نوع مقاله منتشر شده
برگشت به: صفحه اول پایگاه   |   نسخه مرتبط   |   نشریه مرتبط   |   فهرست نشریات