Researcher addresses effect of external shocks on Nigeria’s macroeconomic indicators

Fatima Bankole, an economist and master’s student at the University of North Texas, has been making significant contributions to the field of economics through her research on economic shocks, government expenditure, and sustainable growth.

Bankole’s work has been published in reputable journals such as the Journal of Economics Library and Social Science Research Network, garnering attention from scholars and experts worldwide.

In her paper titled “Oil price shock and macroeconomic aggregates: Empirical evidence from Nigeria using the structural vector autoregressive (SVAR) approach,” Bankole addresses the critical issue of external shocks on a country’s macroeconomic indicators.

By employing advanced econometric techniques, her research provides valuable insights into the transmission mechanisms of oil price shocks and their impact on key macroeconomic variables. This work has significant implications for policymakers seeking to build resilience against external shocks and promote sustainable economic growth.

Bankole’s research on government expenditure and the economic growth nexus in Nigeria has also contributed to the ongoing discourse on the role of fiscal policy in promoting sustainable development.

Her findings highlighted the importance of strategic resource allocation and the potential trade-offs between short-term stimulus and long-term fiscal sustainability.

According to her, her “journey from the Federal University of Agriculture Abeokuta (FUNAB) in Nigeria to her current pursuit of a master’s degree at the University of North Texas exemplified her dedication to leveraging econometric techniques for real-world impact.”

This research, she said, provides invaluable insights into the ramifications of oil price fluctuations on macroeconomic variables, paving the way for more effective policy responses.

As Bankole continues her academic journey and collaborates with experts in the field, she continues to amass recognition in the field.

The Department of Economics at the University of North Texas honoured her with the Academic Excellence Award in recognition of her performance, and she is soon to be inducted into the prestigious honour society Omicron Delta Epsilon. This recognition underscores her remarkable achievements and potential.

In the midst of global economic challenges, Fatima Bankole’s research holds promise for informing evidence-based policymaking and contributing to the development of inclusive and sustainable economic systems worldwide.