Covid 19 Pandemic and the Socioeconomic Development in Nigeria Evidence from Toda and Yamamoto Procedure
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2020, Vol 4, Issue 5
Abstract
This paper investigates the impact ofCovid 19 pandemic on the socioeconomic development of Nigeria using Modified Toda and Yamamoto causality test for the period spanning 23rd March 23rd July, 2020. The long run causality test outcome indicates that there is a bidirectional causality running from Covid 19 pandemic to exchange rate and from Covid 19 pandemic to crude oil price while unidirectional causality exists running from exchange rate to crude oil price. This suggests that Covid 19 pandemic has impacted on crude oil price and exchange rate. It is recommended that Nigerian government should continue struggling towards achieving economic diversification and also ensure that safety measures given by the NCDC is strictly followed in order to reduce the daily spread of the virus in the country. Zahraddeen Mallam Saleh | Kabiru Saidu Musa "Covid-19 Pandemic and the Socioeconomic Development in Nigeria: Evidence from Toda and Yamamoto Procedure" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33031.pdf Paper Url :https://www.ijtsrd.com/economics/development-economics/33031/covid19-pandemic-and-the-socioeconomic-development-in-nigeria-evidence-from-toda-and-yamamoto-procedure/zahraddeen-mallam-saleh
Authors and Affiliations
Zahraddeen Mallam Saleh | Kabiru Saidu Musa
Keywords
Related Articles
- EP ID EP689007
- DOI -
- Views 184
- Downloads 0
The Rank of Risk Factors Affecting Time Delay and Cost Overrun of Building Constructions Projects in Yangon
In Yangon City, Myanmar, most of the building construction projects fail to meet their cost and time constraints, which will lead to low return on investment. The purpose of this paper is to understand risk management of...
A Study on Financial Performance in Kumbakonam Mutual Benefit Fund Limited
The title of this project is an “A study of financial performance of KUMBAKONAM MUTUAL BENEFIT FUND LTD., and this is solely an internal analysis of the organization. The project aims at analysing the operating efficie...
Reforming SWAYAM The Perspective of Instructors
Technology has made its presence felt in each walk of life and has changed the pace of modernisation. Information and communication technology accelerated the world towards knowledge economy and higher education should b...
Air Quality Prediction using Seaborn and TensorFlow
Air quality is considered as a vital issue in the current world and is the underlying driver of sicknesses identified with respiratory organ, skin malignant growth, corrosive downpour and a worldwide temperature alterati...
A Study on Brand Resonance of Yamaha at AMS Motors Puducherry
Brand resonance is an important concept for marketers to develop a long term relationship with consumers through their brand and brand loyalty, brand attachment, brand community and brand engagement are the four factors...