IMPACT OF EXCHANGE RATE ON THE NIGERIA'S BALANCE OF PAYMENT

  • Type: Project
  • Department: Economics
  • Project ID: ECO0956
  • Access Fee: ₦5,000 ($14)
  • Pages: 70 Pages
  • Format: Microsoft Word
  • Views: 224
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

The study investigates empirically the impact of Exchange Rate on Balance of Payment in Nigeria. The broad objective of this study is; to determine the impact of exchange rate on Balance of Payment in Nigeria within the periods of 1981 to 2015. Annual time series data on Exchange Rate, Trade Openness, Import, Export and Balance of Payment from the Central Bank of Nigeria covering the period 1981 – 2015 were utilized. A model was constructed to incorporate Balance of Payment as the dependent variable, and exchange rate, Import, Export and trade openness as the independent variables and tested using the Ordinary least Square (OLS) Methods. The Stationarity (Unit roots) status of the series was examined using the appropriate statistics. Some of the assumptions of the OLS models were also tested to avoid spurious regression. The granger causality test was also conducted to determine the directions of causality. However, the result of this study indicates that exchange rate and export has positive relationships with balance of payment in Nigeria; the result also indicated that import and trade openness has negative relationships with balance of payment in Nigeria. The study recommends that the government should as much as possible encourage the production of most of the imported goods in the country by the local industries as well as encourage import substitutions. 

IMPACT OF EXCHANGE RATE ON THE NIGERIA'S BALANCE OF PAYMENT
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO0956
  • Access Fee: ₦5,000 ($14)
  • Pages: 70 Pages
  • Format: Microsoft Word
  • Views: 224
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0956
    Fee ₦5,000 ($14)
    No of Pages 70 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT The study investigates empirically the impact of Exchange Rate on Balance of Payment in Nigeria. The broad objective of this study is; to determine the impact of exchange rate on Balance of Payment in Nigeria within the periods of 1981 to 2015. Annual time series data on Exchange Rate, Trade Openness, Import, Export and Balance of Payment... Continue Reading
    ABSTRACT This paper empirically investigates the impact of exchange rate on the Nigeria External sector (the balance of payments position) using the Ordinary Least Square (OLS) method of estimation for data covering the period between 1970 and 2008. We found that exchange rate has a significant impact on the balance of payments position. The... Continue Reading
    ABSTRACT The study investigates empirically the impact of interest rate on manufacturing sector output in Nigeria. The broad objective of this study is; to determine the impact of interest rate on manufacturing sector output in Nigeria. Annual data on manufacturing sector output, inflation rate, commercial banks total loan volume and interest rate... Continue Reading
    Abstract This project examines the effect of exchange rate on balance of payment in Nigeria. The broad objective of the study is to ascertain the extent to which exchange rate determines the balance of payment and also to determine the relationship between national income and balance of payment. The problem of foreign exchange inadequacy,... Continue Reading
    BACKGROUND OF THE STUDY                                                In any nation, there arem basically four objectives or goal of micro- economics policies. i.     High level of employment ii.    A reasonable stable price iii.    Rapid economic growth and maintenance of equilibrium in the... Continue Reading
    CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY In any nation, there arem basically four objectives or goal of micro- economics policies. i. High level of employment ii. A reasonable stable price iii. Rapid economic growth and maintenance of equilibrium in the... Continue Reading
    BACKGROUND OF THE STUDY In any nation, there arem basically four objectives or goal of micro- economics policies. i. High level of employment ii. A reasonable stable price iii. Rapid economic growth and maintenance of equilibrium in the international balance of payment. The last objective (balance of payments stability is very crucial since then... Continue Reading
    ABSTRACT This study empirically examines the effects of exchange rate on balance of payment in Nigeria, using quarterly data from 1981-2017. The empirical methodology utilized the Bounds cointegration test to detect possible long-run and short-run dynamic relationship, and found no presence of long run relationship between the variables used in... Continue Reading
    THE IMPACT OF EXCHANGE RATE FLUCTUATION ON INTERNATIONAL TRADE (EXPORT) IN NIGERIA ABSTRACT International trade and other economic activities between nationalities have greatly expanded in modern times. Movements of goods and services over great distances have made possible the consumption of such goods and services even in place or countries... Continue Reading
    ABSTRACT This work sets out to examine the relationship between balance of payment and exchange rate. The work is divided into five chapters; chapter 1 gives a general introduction to the subject matter, chapter two gives the general review of literature in the subject matter, chapter 3 gives or states the methodology and specifies the model used... Continue Reading
    Call Us
    whatsappWhatsApp Us