An Empirical Assessment of the Real Exchange Rate and Poverty in Nigeria
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 1
Abstract
This paper investigated the influence of the real exchange rate on poverty within the framework of a dependent economy model. Using data covering 1980 to 2010, the result of a Vector Error Correction model (VECM) showed that the volatility of the real exchange rate has significant influence on the level of poverty in Nigeria. Thus, government policies that targets real exchange rate could play significant role in reducing the level of poverty in Nigeria, particularly if supported by basic institutions, such as those of human capital development.
Authors and Affiliations
Ben. U. Omojimite| Department of Economics Delta State University, Abraka, Victor E. Oriavwote| Department of Arts and Social Sciences, Delta State Polytechnic, Otefe-Oghara
Keywords
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