Exchange Rate Volatility and Economic Growth in Nigeria (1986-2013)
Journal Title: Journal of Empirical Economics - Year 2015, Vol 4, Issue 2
Abstract
This study was aimed at determining the relationship among gross domestic product, exchange rate, imports, exports and inflation rate in Nigeria. The period of study was 1986-2013.Secondary data were obtained from the Central Bank of Nigeria and National Bureau of Statistics. The ordinary Least Squares Multiple Regression was used for the analysis. Unit root test was also carried out. The result indicated that there is a significant positive relationship among gross domestic product, exchange rate and exports. The F-statistic showed that all the independent variables were jointly significant in explaining the growth of the Nigerian economy. It is therefore concluded that exchange rate volatility has impact on the growth of the Nigerian economy during the period under review.
Authors and Affiliations
Emerah Ajevata Apollos, Adeleke Emmanuel, David Joseph Olusegun
Keywords
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