Effect of Exchange Rate on Balance of Payments in Nigerian Economy (1989-2013)
Journal Title: Scholars Bulletin - Year 2016, Vol 2, Issue 2
Abstract
Abstract: This study examines the effect of exchange rate on balance of payment in Nigeria for the period of 1989-2013. The data used for this study was obtained from the publications of Central Bank of Nigeria (CBN) and also from National Bureau of Statistics (NBS). Ordinary Least Square method was implored for data analysis with time series statistical package of econometrics. Exchange rates, import, export and interest rate where the independent variables used while balance of payments stands as the dependent variable. The researcher also used those macro-economic variables to ascertain their contribution to both positive (favorable) and negative (unfavorable) balance of payments which foreign exchange movement always determines. The result shows that an increase in exchange rate will result in a decrease in BOP (unfavorable), while export and interest rate has positive effect on balance of payment unlike import that contributes negative effect on balance of payment (unfavorable) as it increases. Keywords: Central Bank of Nigeria, National Bureau of Statistics, exchange rate, BOP.
Authors and Affiliations
Ifedoro, Ndubuisi Nicholas, Kurah, Joshua T
Keywords
Related Articles
- EP ID EP379254
- DOI -
- Views 158
- Downloads 0
The Use of Gaseous Hydrogen in Spark Ignition Engines
Abstract:The world suffers from air pollution from burning fossil fuels to produce energy. Cars consume a large proportion of fuel, especially spark ignition engines. The pollutants produced by these engines can be reduc...
The Influence of Product Quality, Service Quality and Price to Purchase Decision of SGM Bunda Milk (Study on PT. Sarihusada Generasi Mahardika Region Jakarta, District Tangerang Selatan)
Abstract: This study is intended to Analyze the Influence of Product Quality, Quality of Service and Price to the purchase decision. The design of this research is quantitative by using the method. The population of this...
Influence of Complexity of Tax Returns on Tax Compliance in the Informal Sector in Kenya: Survey of Nyeri Town
Abstract:Tax non-compliance reduces tax collection and the tax performance within a country. The Kenyan government has implemented various strategies to bring businesses in the informal sector into the tax bracket. Howev...
Model ofPurchase Decision:Product Quality,Price,Promotionand Brand Awareness (Case Study of Teh Botol Sosro Products at Giant Mall Permata Tangerang)
Abstract: TehBotolSosro, producedby PT.Sinar Sosro,isthefirstbrandofready-to-drinkteain Indonesiathathasbeendeveloped andmaintainedfor decades.The number of competitorsmakeTeh BotolSosro remainsfirminfightingintheready t...
Rock Geochemical Pyrolysis and Gas Chromatography Technology Application in Judging Oil and Water Layer
Abstract:In view of the peripheral "three low" oil fields of daqing have a poor reservoir lithology property, complex oil-water distribution, and only by log data can't meet the needs of the fluid identification, applica...