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Revisiting the accuracy of inflation forecasts in Nigeria: The oil price-exchange rate-asymmetry perspectives

Kazeem Isah, Abdulkader Cassim Mahomedy, Elias Udeaja, Ojo Adelakun & Yusuf Yakubua
Motivated by the distinctive paradoxical nature of the Nigerian economy as the only OPEC oil-exporting economy that yet depends heavily on the importation of gasoline, we are compelled to re-examine the accuracy of the oil-based augmented Philips curve model in the predictability of inflation...
Feb 2022
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Path Dependence and Interdependence Between Institutions and Development

David Fadiran and Mare Sarr
Path dependence theory, within the institutions context, means that the path of institutions promulgated within a system historically determines the nature of institutions that will ensue within the same system in the present and in the future. The paper makes use of a newly constructed index of...
Oct 2016
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