July 26, 2025International Journal of Science for Global Sustainability

Investigating the Effects of Coronavirus Pandemic on Selected Nigerian Macroeconomic Indicators: An Application of VECM

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Authors

KAKhalid Ibrahim Abbo MTM. Tasi’u

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Implication

Analysis reveals coronavirus affects exchange rate, foreign reserves, and crude oil prices in Nigeria, suggesting significant long-term relationships.

Key Points

The coronavirus pandemic shows strong endogeneity with macroeconomic indicators in Nigeria, particularly foreign reserves and exchange rate.
Analysis found that a 5% rise in infected COVID-19 cases correlates to a future increase in exchange rate by approximately 0.001897.
Using a Vector Error Correction Model (VECM), the study assessed daily economic data from January 2020 to May 2022, revealing significant relationships across variables.
While short-term causality was absent from coronavirus to economic indicators, long-term relationships highlight substantial impacts of the pandemic on these variables.

Cite This Study

Abbo et al. (2025) studied this question.

synapsesocial.com/papers/68af6bf77567bf4f94fe9701 https://doi.org/10.57233/ijsgs.v1121.874

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Implication

Analysis reveals coronavirus affects exchange rate, foreign reserves, and crude oil prices in Nigeria, suggesting significant long-term relationships.

Investigating the Effects of Coronavirus Pandemic on Selected Nigerian Macroeconomic Indicators: An Application of VECM

Discussion

Member takes

Implication

Key Points

Cite This Study

Investigating the Effects of Coronavirus Pandemic on Selected Nigerian Macroeconomic Indicators: An Application of VECM

Discussion

Member takes

Implication

Key Points

Cite This Study

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