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 140
- Downloads 0
Evaluation of Porosity in Fusion Welded AA2014 Plates using X Ray Radiography
NDT has evolved as an essential demand in much modern engineering design in aircraft applications. The performance levels and reliability of the NDE is more important to the end use of the object being inspected. Failure...
Effect of Stakeholder Power on the Employee Information Disclosure of Nigerian Listed Firms: A Panel Study
This study investigates the effect of stakeholder power as one of the three-dimensional framework of corporate social responsibility disclosure. The proxy for employee-related information is the number of sentences used...
Growth of Foreign Bank in India
Finance and banking is the life blood of trade, commerce and industry. Now "“a-days, banking sector acts as the backbone of modern business.In current faster lifestyle peoples may not do proper transitions without develo...
A cram on the interpretation of myth in Ngugi's 'œThe River Between'
A myth is a traditional story consisting of events that are ostensibly historical, though often supernatural, explaining the origins of a cultural practice or natural phenomenon. The word "myth" is derived from the Greek...
A Survey of DDOS Attacks and Solutions using Packet Filtering Mechanism
Distributed Denial Of Service attack is the most significant and continuous threat in cyber security. It is one of the biggest security concerns for security professionals and has taken the attention of today’s cyber wor...