ASSESSMENT OF COLLECTIVE BARGAINING AND INDUSTRIAL CONFLICTMANAGEMENT IN NIGERIAN UNIVERSITIES: A STUDY OF FEDERALUNIVERSITY OF TECHNOLOGY, (FUT) MINNA
ASSESSMENT OF COLLECTIVE BARGAINING AND INDUSTRIAL CONFLICTMANAGEMENT IN NIGERIAN UNIVERSITIES: A STUDY OF FEDERALUNIVERSITY OF TECHNOLOGY, (FUT) MINNA
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Date
2016-02
Authors
EJIEMENU, SARAH CHINYERE
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Abstract
This study evaluates the impact of Crude Oil Price (COP) on the Exchange Rate (EXCHR), External Reserves (EXRS), Gross Domestic Product (GDP), Inflation Rate (INFL), International Trade (INTR) and Money Supply (MSUP) in Nigeria with quarterly data from 1995 to 2014 using GARCH and VAR models. From the analysis, all the variables were stationary at first difference with p-value less than 0.05. The presence of heteroscedasticity was found in exchange rate with some of its coefficient models being significant at 5% level; and the forecasting model for exchange rate is GARCH (2, 1). The findings further showed that negative crude oil shocks did not pose an inflationary threat on Nigerian economy, but rather it improved output growth in terms of GDP and enhanced the flow of MSUP. On the other hand, negative crude oil price shocks did affect external reserves and international trade due to the recent fall in the price of crude oil which calls for a diversification of economy in Nigeria.
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A DISSERTATION SUBMITTED TO THE SCHOOL OF POSTGRADUATE STUDIES, AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA. IN PARTIAL FULFILLMENT FOR THE AWARD OF MASTER OF SCIENCE (M.Sc.) DEGREE IN STATISTICS DEPARTMENT OF MATHEMATICS AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA.
Keywords
ASSESSMENT,, COLLECTIVE BARGAINING,, INDUSTRIAL CONFLICTMANAGEMENT,, NIGERIAN UNIVERSITIES,, STUDY,, FEDERALUNIVERSITY,, TECHNOLOGY,, (FUT),, MINNA,