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Price, Exchange Rate Volatility and Nigeria's Agricultural Trade Flows: a Dynamic Analysis

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  • Adubi, A.A.
  • Okunmadewa, F.
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    Abstract

    One of the most dramatic events in Nigeria over the past decade was the devaluation of the Nigerian naira with the adoption of a structural adjustment programme (SAP) in 1986. A cardinal objective of the SAP was the restructuring of the production base of the economy with a positive bias for the production of agricultural exports. The foreign exchange reforms that facilitated a cumulative depreciation of the effective exchange rate were expected to increase the domestic prices of agricultural exports and therefore boost domestic production.

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    Bibliographic Info

    Paper provided by African Economic Research Consortium in its series Papers with number 87.

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    Length: 41 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:fth:afrirc:87

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    Related research

    Keywords: PRICES ; EXCHANGE RATE ; AFRICA;

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    Cited by:
    1. Mkpado, Maduabuchi & Arene, C.J., 2012. "Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 2(2), June.
    2. nnamdi, Kelechi & ifionu, Ebele, 2013. "Exchange rate volatility and exchange rate uncertainty in Nigeria: a financial econometric analysis (1970- 2012)," MPRA Paper 48316, University Library of Munich, Germany, revised 2013.

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