Sarcouncil Journal of Economics and Business Management
Sarcouncil Journal of Economics and Business Management
An Open access peer reviewed international Journal
Publication Frequency- Monthly
Publisher Name-SARC Publisher
ISSN Online- 2945-3593
Country of origin- PHILIPPINES
Impact factor- 3.1
Language- English
Keywords
- Accounting, Administrative System, Brand Innovation and Brand Management, Business, Management, Business Economics, Business Policy and Strategy, Critical Management Studies, Data Management, Design Management, Economic Management, Educational Management, Emerging Technology
Editors
Dr Hazim Abdul-Rahman
Associate Editor
Sarcouncil Journal of Applied Sciences
Entessar Al Jbawi
Associate Editor
Sarcouncil Journal of Multidisciplinary
Rishabh Rajesh Shanbhag
Associate Editor
Sarcouncil Journal of Engineering and Computer Sciences
Dr Md. Rezowan ur Rahman
Associate Editor
Sarcouncil Journal of Biomedical Sciences
Dr Ifeoma Christy
Associate Editor
Sarcouncil Journal of Entrepreneurship And Business Management
The Role of Oil Prices in the Pass-Through of Exchange Rates to Consumer Prices: A comparative Analysis of Nigeria and South Africa
Keywords: Pass-through; Exchange rates; Consumer prices; Oil prices; Nigeria; South Africa
Abstract: This study postulates that changes in oil prices matters in the magnitude and direction ERPT in the context of the oil-importing and oil-exporting perspectives. This hypothesis is motivated by the growing evidence of the significant response of the exchange rate to changes in oil prices. The short-run and long-run dynamics of the ERTP are jointly captured by the study using an ARDL modeling framework. Using quarterly date from 1990 (quarter one) to 2022 (quarter one), the study’s findings imply that the incomplete dynamic of the ERPT can be generalized in the short run regardless of the oil-exporting and/or oil-importing characteristics of the economy under consideration. In South Africa, changes in oil prices tend to lessen the inflationary effects of ERPT by reducing the magnitude of the EPRT over both the short and long terms, but same cannot be said for Nigeria.
Author
- Samod O. Lawal-Arogundade
- Department of Economics; Faculty of Social Sciences; Lagos State University; Nigeria
- Lateef O. Salami
- Department of Economics; Faculty of Social Sciences; Lagos State University; Nigeria
- Lloyd A. Amaghionyeodiwe
- Department of Business and Economics; School of Business and Information Systems; York College; City University of New York; Jamaica; New York USA.