Econometric Analysis of Oil Price Volatility and its Impact on Marginal Field Economics in Nigeria
This study provides an econometric assessment of crude oil price volatility and its transmission to the Nigerian marginal field sector during 2020–2026. Utilizing EGARCH, TGARCH, and the Heston Stochastic Volatility model, it captures asymmetric leverage-effect and fat-tail characteristics of Brent crude returns, whe...