2024
DOI: 10.1186/s40854-023-00527-w
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Global shocks and fiscal stimulus: a tale of an oil-dependent-exporting country

David Iheke Okorie,
Boqiang Lin

Abstract: Global shocks potentially distort economy’s achieved equilibria. Considering the 2020 global crude oil price shock and the 2019 coronavirus disease pandemic, this study proposes an energy and environment integrated general equilibrium model to analyze the economic, energy, and environmental effects of these global shocks on Nigeria, a developing, oil-producing, oil-dependent, and oil-exporting country. Furthermore, the mitigating roles of a fiscal stimulus–response package (palliative) are investigated and ana… Show more

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