EFFECTS OF EXCHANGE RATE ON BALANCE OF PAYMENT IN NIGERIA (1981 – 2017)

  • Type: Project
  • Department: Economics
  • Project ID: ECO0975
  • Access Fee: ₦5,000 ($14)
  • Pages: 81 Pages
  • Format: Microsoft Word
  • Views: 218
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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 the model. The study employed the Autoregressive distributed lag (ARDL), to check for properties in the relationship between the variables above listed, the result showed that exchange rate positively and significantly influences balance of payment. It also utilized the Pairwise Granger Causality test to check for any causality between exchange rate and balance of payment, the findings proved that exchange rate affects balance of payment. The policy implication of these finding calls for the harmonization of exchange rate, gross national income, inflation rate, to improve the balance of payment in Nigeria. 

EFFECTS OF EXCHANGE RATE ON BALANCE OF PAYMENT IN NIGERIA (1981 – 2017)
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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  • Type: Project
  • Department: Economics
  • Project ID: ECO0975
  • Access Fee: ₦5,000 ($14)
  • Pages: 81 Pages
  • Format: Microsoft Word
  • Views: 218
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    Details

    Type Project
    Department Economics
    Project ID ECO0975
    Fee ₦5,000 ($14)
    No of Pages 81 Pages
    Format Microsoft Word

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