{"id":"https://openalex.org/W2544802416","doi":null,"title":"Volatility and Commodity Price Dynamics in Nigeria","display_name":"Volatility and Commodity Price Dynamics in Nigeria","publication_year":2016,"publication_date":"2016-09-01","ids":{"openalex":"https://openalex.org/W2544802416","mag":"2544802416"},"language":"en","primary_location":{"id":"pmh:oai:oai.econjournals.com:article/2142","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijefi/article/view/2142","pdf_url":"https://econjournals.com/index.php/ijefi/article/download/2142/pdf","source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4138","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://econjournals.com/index.php/ijefi/article/download/2142/pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044673897","display_name":"Charles O. Manasseh","orcid":"https://orcid.org/0000-0001-9937-6208","observed_orcids":["https://orcid.org/0000-0001-9937-6208"]},"institutions":[{"id":"https://openalex.org/I11892038","display_name":"University of Nigeria","ror":"https://ror.org/01sn1yx84","country_code":"NG","type":"education","lineage":["https://openalex.org/I11892038"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Charles O. Manasseh","raw_affiliation_strings":["Department of Economics , University of Nigeria , Nsukka"],"raw_orcid":"https://orcid.org/0000-0001-9937-6208","affiliations":[{"raw_affiliation_string":"Department of Economics , University of Nigeria , Nsukka","institution_ids":["https://openalex.org/I11892038"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5027715439","display_name":"Jonathan Emenike Ogbuabor","orcid":"https://orcid.org/0000-0002-0162-0303","observed_orcids":["https://orcid.org/0000-0002-0162-0303"]},"institutions":[{"id":"https://openalex.org/I11892038","display_name":"University of Nigeria","ror":"https://ror.org/01sn1yx84","country_code":"NG","type":"education","lineage":["https://openalex.org/I11892038"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Jonathan E. Ogbuabor","raw_affiliation_strings":["Department of Economics , University of Nigeria , Nsukka"],"raw_orcid":"https://orcid.org/0000-0002-0162-0303","affiliations":[{"raw_affiliation_string":"Department of Economics , University of Nigeria , Nsukka","institution_ids":["https://openalex.org/I11892038"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069212019","display_name":"Obiorah K. Obinna","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I11892038","display_name":"University of Nigeria","ror":"https://ror.org/01sn1yx84","country_code":"NG","type":"education","lineage":["https://openalex.org/I11892038"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Obiorah K. Obinna","raw_affiliation_strings":["Department of Economics , University of Nigeria , Nsukka"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics , University of Nigeria , Nsukka","institution_ids":["https://openalex.org/I11892038"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I11892038"],"apc_list":{"value":300,"currency":"USD","value_usd":300},"apc_paid":{"value":300,"currency":"USD","value_usd":300},"fwci":0.0,"has_fulltext":true,"cited_by_count":5,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":93,"max":96},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9945999979972839,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.002400000113993883,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.002300000051036477,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/commodity-price-volatility","display_name":"commodity price volatility","score":0.9240000247955322},{"id":"https://openalex.org/keywords/commodity-price-dynamics","display_name":"commodity price dynamics","score":0.7960000038146973},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.6320000290870667},{"id":"https://openalex.org/keywords/oil-spot-prices","display_name":"oil spot prices","score":0.7490000128746033},{"id":"https://openalex.org/keywords/export-commodity-prices","display_name":"export commodity prices","score":0.847000002861023},{"id":"https://openalex.org/keywords/commodity-derivatives","display_name":"commodity derivatives","score":0.8029999732971191},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.7400000095367432},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9589999914169312},{"id":"https://openalex.org/keywords/economic-diversification","display_name":"economic diversification","score":0.7789999842643738},{"id":"https://openalex.org/keywords/garch","display_name":"GARCH","score":0.5490000247955322},{"id":"https://openalex.org/keywords/egarch","display_name":"EGARCH","score":0.9929999709129333}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7943407297134399},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.754745602607727},{"id":"https://openalex.org/C175223733","wikidata":"https://www.wikidata.org/wiki/Q1047888","display_name":"Spot contract","level":3,"score":0.66310715675354},{"id":"https://openalex.org/C175992601","wikidata":"https://www.wikidata.org/wiki/Q5153179","display_name":"Commodity swap","level":3,"score":0.5419005751609802},{"id":"https://openalex.org/C90937171","wikidata":"https://www.wikidata.org/wiki/Q764869","display_name":"Contango","level":3,"score":0.5282453894615173},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.5231160521507263},{"id":"https://openalex.org/C23922673","wikidata":"https://www.wikidata.org/wiki/Q180752","display_name":"Autoregressive conditional heteroskedasticity","level":3,"score":0.4979281425476074},{"id":"https://openalex.org/C13290067","wikidata":"https://www.wikidata.org/wiki/Q915788","display_name":"Volatility smile","level":3,"score":0.4855484664440155},{"id":"https://openalex.org/C2776667075","wikidata":"https://www.wikidata.org/wiki/Q2922469","display_name":"Commodity market","level":2,"score":0.4707180857658386},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.456402450799942},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.44120341539382935},{"id":"https://openalex.org/C192620184","wikidata":"https://www.wikidata.org/wiki/Q7940002","display_name":"Volatility swap","level":4,"score":0.4345758855342865},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4261590242385864},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.38310474157333374},{"id":"https://openalex.org/C24189920","wikidata":"https://www.wikidata.org/wiki/Q1660345","display_name":"Implied volatility","level":3,"score":0.29121702909469604},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0747753381729126},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.06473717093467712}],"mesh":[],"locations_count":9,"locations":[{"id":"pmh:oai:oai.econjournals.com:article/2142","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijefi/article/view/2142","pdf_url":"https://econjournals.com/index.php/ijefi/article/download/2142/pdf","source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4138","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eco:journ1:2016-04-41","doi":null,"is_oa":false,"landing_page_url":"http://www.econjournals.com/index.php/ijefi/article/download/2142/pdf","pdf_url":"http://www.econjournals.com/index.php/ijefi/article/download/2142/pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:dergipark.org.tr:article/354692","doi":null,"is_oa":true,"landing_page_url":"https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354692","pdf_url":"https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354692","source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},{"id":"mag:2544802416","doi":null,"is_oa":true,"landing_page_url":"https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354692","pdf_url":null,"source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"DergiPark (Istanbul University)","raw_type":null},{"id":"pmh:oai:dergipark.gov.tr:article/354692","doi":null,"is_oa":false,"landing_page_url":"http://dergipark.gov.tr/ijefi/issue/32045/354692","pdf_url":null,"source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"\\n Cilt: 6 Say\u0131: 4; Volume: 6, Issue: 4\\n 1599-1607\\n \\n","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:doaj.org/article:42f4b9a3e9f1471991ae113801f35930","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/42f4b9a3e9f1471991ae113801f35930","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 6, Iss 4 (2016)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:4cc6e8d453f140a9a931224b1c93a24f","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/4cc6e8d453f140a9a931224b1c93a24f","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 6, Iss 4 (2016)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:5dbdf69e25424a478c26da42eebbcac0","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/5dbdf69e25424a478c26da42eebbcac0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 6, Iss 4 (2016)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:63ba019af1ef446997ceb57e962f6ecb","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/63ba019af1ef446997ceb57e962f6ecb","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 6, Iss 4, Pp 1599-1607 (2016)","raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:oai.econjournals.com:article/2142","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijefi/article/view/2142","pdf_url":"https://econjournals.com/index.php/ijefi/article/download/2142/pdf","source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4138","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2544802416.pdf","grobid_xml":"https://content.openalex.org/works/W2544802416.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2972028424","https://openalex.org/W2789312720","https://openalex.org/W2900911236","https://openalex.org/W3043453737","https://openalex.org/W4396783817","https://openalex.org/W2914617779","https://openalex.org/W2937120823","https://openalex.org/W4313588462","https://openalex.org/W6912237004","https://openalex.org/W2534190529"],"abstract_inverted_index":{"This":[0,10],"study":[1],"examines":[2],"volatility":[3,50,61,76,113,118],"and":[4,16,38,64,83,101,129],"commodity":[5,36,42,55,67,85,95],"price":[6,40,86,92,112],"dynamics":[7],"in":[8,51,62,77,98],"Nigeria.":[9,99],"was":[11,27],"estimated":[12],"with":[13],"the":[14,31,52,123,139],"GARCH":[15],"Exponential":[17],"Generalized":[18],"Autoregressive":[19],"Conditional":[20],"Heteroschedasticity":[21],"(EGARCH),":[22],"while":[23,69],"Granger":[24],"Causality":[25],"test":[26],"used":[28],"to":[29,106,110],"examine":[30],"causality":[32],"direction":[33],"between":[34,96],"domestic":[35,63],"prices":[37,73,78],"spot":[39,53,72,91,111],"of":[41,49,79,90,93],"derivatives.":[43],"The":[44],"result":[45],"shows":[46],"that":[47],"30%":[48],"international":[54,65,70,94],"market":[56],"can":[57],"be":[58,107,135],"explained":[59],"by":[60],"export":[66,84],"prices,":[68],"oil":[71],"explains":[74,88],"7%":[75],"goods":[80],"consumed":[81],"locally":[82],"index":[87],"16%":[89],"2000-2013":[97],"Inflation":[100],"exchange":[102],"rate":[103,152],"is":[104],"shown":[105],"significantly":[108],"related":[109],"which":[114],"accounts":[115],"for":[116,125],"its":[117],"also.":[119],"Hence,":[120],"as":[121],"such,":[122],"clamor":[124],"a":[126],"more":[127],"stable":[128],"robust":[130],"revenue":[131],"generating":[132],"sector":[133],"cannot":[134],"over":[136],"emphasized":[137],"\u2013":[138],"so":[140],"much":[141],"talked":[142],"about":[143],"diversification.Keywords:":[144],"Volatility,":[145],"Dynamics,":[146],"Spot":[147],"price,":[148],"Causality,":[149],"Inflation,":[150],"Exchange":[151],"JEL":[153],"Classifications:":[154],"E3;":[155],"E32;":[156],"C32;":[157],"O24;":[158],"F31":[159]},"counts_by_year":[{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2}],"updated_date":"2026-11-11T12:16:26.678958","created_date":"2016-11-04T00:00:00"}