The Impact of Crude Oil Price Shocks on Macroeconomic Variables of Oil Exporting Economies in Sub Saharan Africa Region

  • Emmanuel Aidoo

Student thesis: Master's Thesis


This study investigates the impact on macro-economic variables of oil price shocks for net oil exporters in Sub-Sahara Africa (SSA). Yearly observations from 1980 to 2014 are used to analyse the impact of unexpected oil price shocks and determine the effects of these shocks on a number of macroeconomic country indicators using a structural vector autoregession (SVAR) methodology.
The findings showed that some variables respond to shocks positively, whilst
others showed negative responses. The relationship between variations in oil prices, country corruption and the country-specific borrowing patterns of these oil exporting SSA countries where also found to be correlated.
Date of Award8 Oct 2016
Original languageEnglish
SupervisorSimone Kelly (Supervisor)

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