This study investigates the impact on macro-economic variables of oil price shocks for net oil exporters in Sub-Sahara Africa (SSA). Yearly observations from 1980 to 2014 are used to analyse the impact of unexpected oil price shocks and determine the effects of these shocks on a number of macroeconomic country indicators using a structural vector autoregression (SVAR) methodology. The findings showed that some variables respond to shocks positively, whilst others showed negative responses. The relationship between variations in oil prices, country corruption and the country-specific borrowing patterns of these oil exporting SSA countries where also found to be correlated.
Year Manuscript Completed
Finance and Financial Management | Portfolio and Security Analysis
Petroleum industry and trade Economic aspects; Petroleum products Prices; Monetary policy; Africa, Sub-Saharan.
Primary Language of Manuscript
Recommended CitationEmmanuel Aidoo (2016) The impact of crude oil price shocks on macroeconomic variables of oil exporting economies in Sub Saharan Africa region., MPhil, ePublications@bond, Bond Business School.
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