INDO-NIGERIA LINKAGES: AN EXAMINATION OF GLOBAL VAR APPLICATION


Ibrahim Nurudeen, Murtala Muhammad Rabah
1.Department of Economics, Faculty of Social Science and Social Science Education, Shehu Shagari University of Education Sokoto, 2.Department of Economics, SSCOE, Sokoto State, Nigeria
Abstract
This study assesses the relationship between Nigeria and India through the business cycle. The study examines the synchronization of both countries in comparison to the Euro Area (EA). The macroeconomic variables considered for Nigeria, EA and India include, GDP, inflation, real interest rate, short term interest rate, long term interest rate and treasury bills. All the variables are quarterly, and were sourced from the reserve bank of St. Louis spanning from 2010 to 2023. The finding of the study shows that Nigeria does not have much synchronization with India, which implies that despites the colossal amount of transaction between India and Nigeria, economic and financial disturbances of India, will have less or no impact to the Nigerian economy. However, the Nigerian monetary and fiscal policy makers should be watchful of Euro Area economic performances to avoid spillover effect in periods of economic and financial crisis emanating from Europe.
Keywords:
Journal Name :
International Journal of Asian Economic Light (JAEL)

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Published on : 2025-08-13

Vol : 13
Issue : 8
Month : August
Year : 2025
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