The Slippery Slope of Oil - Estimating the future GDP of Nigeria with uni- and multivariate approaches
Nigeria is, by population, the largest country in Africa and their economic growth will be a key part in the world reaching the goals of eradicating poverty. This paper investigates the economic growth performance of Nigeria and the relationship between oil and the GDP performance by using growth accounting, ARIMA, VAR and VEC models. Through the ARIMA and VAR models, the GDP is forecasted until 2