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Exchange Rate Volatility and Economic Growth in Nigeria (1986-2013)

Author

Listed:
  • Emerah Ajevata Apollos
  • Adeleke Emmanuel
  • David Joseph Olusegun

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.

Suggested Citation

  • Emerah Ajevata Apollos & Adeleke Emmanuel & David Joseph Olusegun, 2015. "Exchange Rate Volatility and Economic Growth in Nigeria (1986-2013)," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 4(2), pages 109-115.
    • Handle: RePEc:rss:jnljee:v4i2p5
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    References listed on IDEAS

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    1. Raza, Syed Ali & Sabir, Muhammad Sarwar & Mehboob, Farhan, 2011. "Capital inflows and economic growth in Pakistan," MPRA Paper 36790, University Library of Munich, Germany.
    2. Alvaro Aguirre & César Calderón, 2005. "Real Exchange Rate Misalignments and Economic Performance," Working Papers Central Bank of Chile 316, Central Bank of Chile.
    3. Raza, Syed Ali & Ali, Yasir & Mehboob, Farhan, 2012. "Role of agriculture in economic growth of Pakistan," MPRA Paper 32273, University Library of Munich, Germany, revised Jan 2012.
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    Cited by:

    1. SOLOMON PRINCE Nathaniel, 2020. "Does Exchange Rate Have Asymmetric Impact On Trade Balance? Fresh Insights From Combined Cointegration," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 259-269, April.
    2. Hussaini Umaru & Aguda Niyi A. & Nordiana Osagie Davies, 2018. "The Effects of Exchange Rate Volatility on Economic Growth of West African English-Speaking Countries," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(4), pages 131-143, October.

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