Revenue Dampening Effect of the Oil–Dollar Inverse Relationship for Sub-Saharan African Economies

References

• Abubaka, L. N., Normaz, W. I., & Zulkornain, Y. (2016). An analysis of real oil prices and real exchange rates in five African countries: Applying symmetric and asymmetric cointegration models. Foreign Trade Review, 51(2), 162–179.
   Google Scholar
• Ali, H. S., Mukhtar, U., Tijani, B. A., & Auwal, A. M. (2015). Dynamic relationship of exchange rates and crude oil prices in South Africa: Are there asymmetries? Research Journal of Finance and Accounting, 6(6), 195–200.
   Google Scholar
• Beckmann, J., Berger, T., & Czudaj, R. (2016). Oil price and FX-rates dependency. Quantitative Finance, 16(3), 477–488.
   Web of Science ®Google Scholar
• Breitenfellner, A., & Cuaresma, J. C. (2008). Crude oil prices and the USD/EUR exchange rate. Monetary Policy & the Economy, (4), 102–121.
   Google Scholar
• Chan, W. H., & Maheu, J. M. (2002). Conditional jump dynamics in stock market returns. Journal of Business & Economic Statistics, 20(3), 377–389. doi:10.1198/073500102288618513
   Web of Science ®Google Scholar
• Dabrowski, M. (2015, November 24). The impact of the oil-price shock on net oil exporters. Retrieved from http://bruegel.org/2015/11/the-impact-of-the-oil-price-shock-on-net-oil-exporters
   Google Scholar
• Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55, 251–276.
   Web of Science ®Google Scholar
• Farooq, A. (2004). Oil prices and exchange rates: Norwegian evidence. The Econometrics Journal, 7(2), 476–504. Wiley on behalf of the Royal Economic Society.
   Google Scholar
• Fowowe, B. (2014). Modelling the oil price-exchange rate nexus for South Africa. International Economics, 140, 36–48.
   Google Scholar
• Ghosh, S. (2011). Examining crude oil price–Exchange rate nexus for India during the period of extreme oil price volatility. Applied Energy, 88(5), 1886–1889.
   Web of Science ®Google Scholar
• Hamisu, S. A., Yakubu, J. A., Abba, N. Z., & Mohammed, A. Y. (2016). Asymmetric co-integration analysis of exchange rates and crude oil prices: Evidence from India. International Journal of Economics, Commerce and Management, IV(1), 49–70.
   Google Scholar
• Jain, A., & Ghosh, S. (2013). Dynamics of global oil prices, exchange rate and precious metal prices in India. Resources Policy, 38(1), 88–93.
   Web of Science ®Google Scholar
• Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica, 59, 1551–1580. doi:10.2307/2938278
   Web of Science ®Google Scholar
• Jones, D. W., & Leiby, P. N. (1996). The macroeconomic impacts of oil price shocks: A review of the literature and issues. Oak Ridge National Laboratory, 25(2), 1–32. Retrieved from http://www.jstor.org/stable/41323029
   Google Scholar
• Jones, D. W., Leiby, P. N., & Paik, I. K. (2004). Oil price shocks and the macro-economy: What has been learned since 1996? The Energy Journal, 1–32. Retrieved from http://www.jstor.org/stable/41323029
   Web of Science ®Google Scholar
• Kaplan, F., & Aktas, A. R. (2016). The impact of real oil price on real exchange rate in oil dependent countries. Business and Economics Research Journal, 7(2), 103–113.
   Google Scholar
• Kitous, A., Saveyn, B., Keramidas, K., Vandyck, T., Rey Los Santos, L., & Wojtowicz, K. (2016). Impact of low oil prices on oil exporting countries. EUR 27909 EN. JRC Science for Policy Report. doi:10.2791/718384
   Google Scholar
• Musibau, A. B. (2015). Oil price shocks and exchange rate in Nigeria. International Journal of Energy Sector Management, 9(1), 2–19.
   Web of Science ®Google Scholar
• Novotny, F. (2012). The link between the brent crude oil price and the US dollar exchange rate. Prague Economic Papers, 2, 220–232.
   Google Scholar
• Obi, P. (2003). An inquiry on the secular trends in the dollar-euro exchange rate, crude oil pricing, and market values. Global Business and Finance Review, 8(2), 1–12.
   Google Scholar
• Oluwatomisin, M. O., Paul, O., & Adeyemi, A. O. (2014, September–October). Oil price and exchange rate volatility in Nigeria. IOSR Journal of Economics and Finance (IOSR-JEF), 5(4), 01–09. e-ISSN: 2321-5933, p-ISSN: 2321-5925. Retrieved from www.iosrjournals.org
   Google Scholar
• Sibanda, K., & Mlambo, C. (2014). The impact of oil prices on the exchange rate in South Africa. Journal of Economics, 5(2), 193–199.
   Google Scholar
• Tantatape, B., Jui-Chi, H., & Yaya, S. (2014). Crude oil prices and exchange rates: Causality, variance decomposition and impulse response. Energy Economics, 44(2014), 407–412.
   Google Scholar
• Tiwari, A. K., Dar, A. B., & Bhanja, N. (2013). Oil price and exchange rates: A wavelet based analysis for India. Economic Modelling, 31, 414–422.
   Web of Science ®Google Scholar