LEADER 04048nam 2200625Ia 450 001 9910463718703321 005 20200804162046.0 010 $a1-4623-9814-6 010 $a1-4527-9849-4 010 $a1-282-84422-9 010 $a9786612844225 010 $a1-4518-7365-4 035 $a(CKB)3170000000055364 035 $a(EBL)1605936 035 $a(SSID)ssj0000940129 035 $a(PQKBManifestationID)11600624 035 $a(PQKBTitleCode)TC0000940129 035 $a(PQKBWorkID)10947349 035 $a(PQKB)11023488 035 $a(OCoLC)680613599 035 $a(MiAaPQ)EBC1605936 035 $a(EXLCZ)993170000000055364 100 $a20100308d2009 uf 0 101 0 $aeng 135 $aurun#---auuuu 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDo trading partners still matter for Nigeria's growth? $ea contribution to the debate on decoupling and spillovers /$fprepared by Kingsley I. Obiora 210 1$a[Washington, D.C.] :$cInternational Monetary Fund, Strategy, Policy, and Review Department,$d2009. 215 $a1 online resource (47 pages) 225 1 $aIMF working paper ;$vWP/09/218 300 $a"October 2009." 311 $a1-4519-1785-6 327 $aI. Introduction; II. Trade and Financial Linkages; 1. Nigeria's Trade Openness (in percent of GDP, 1991-2008); 2. Nigeria: Direction of Trade in Goods and Services (in percent of total, 1990-2007); 3. Nigeria: Main Exports Markets in the EU (1990-2007); 1. Partnership Between Nigerian Banks and Foreign Asset Managers; 4. Net Foreign Direct Investment in Nigeria (in billions of US Dollars, 1980-2008); 5. Remittances to Nigeria (in millions of US Dollars, 1995-2007); 6. Business Cycle Correlations Between Nigeria and its Key Trading Partners 327 $a7. Quarterly Real GDP Growth RatesIII. Description of Data; 2. Results of Unit Root Tests Using the Ng-Perron Procedure; IV. Methodology; V. Results; A. Base Vector Autoregression Model; 3. Lag Length Selection; 4. Variance Decomposition for Nigeria's Real GDP (Base VAR Model); 5. Variance Decomposition for Nigeria's Real GDP (Extended VAR Model); 8. Nigeria: GDP Growth Responses to 1 Percent Shocks from Major Trading Partners and PPP-implied Exchange Rate (Base VAR Model); B. Extended Vector Autoregression Model 327 $a9. Nigeria: GDP Growth Responses to 1 Percent Shocks from Major Trading Partners, Oil Price Growth, and PPP-implied Exchange Rate (Extended VAR Model)VI. Channels of Spillovers; 10. Decomposition of Spillovers from Nigeria's Key Trading Partners; VII. Conclusions and Lessons for Policy; 1. VAR Granger Causality/Block Exogeneity Wald Test; References; Footnotes 330 $aShould policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the global crisis. The results seem to debunk the "decoupling theory" and suggest there are still significant spillovers from Nigeria's main trading partners, including the US, with trade and commodity price linkages being the dominant transmission channels. 410 0$aIMF working paper ;$vWP/09/218. 606 $aGlobal Financial Crisis, 2008-2009 606 $aFinancial crises$zNigeria$xEconometric models 607 $aNigeria$xCommerce$xEconometric models 607 $aNigeria$xEconomic conditions$xEconometric models 608 $aElectronic books. 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aFinancial crises$xEconometric models. 700 $aObiora$b Kingsley$0924145 712 02$aInternational Monetary Fund.$bStrategy, Policy, and Review Department. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463718703321 996 $aDo trading partners still matter for Nigeria's growth$92216736 997 $aUNINA