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Exchange rate volatility and industrial output growth in Nigeria

Author

Listed:
  • Oseni Isiaq O.

    (Department of Economics, Faculty of Social Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

  • Adekunle Ibrahim A.

    (Department of Economics, Faculty of Social Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

  • Alabi Mumeen O.

    (Department of Economics, Faculty of Social Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

Abstract

Aim/purpose – This paper examines the relationship between exchange rate volatility and industrial output growth in Nigeria. In spite of the massive revenue emanating from oil wealth, Nigeria has wallowed in intergenerational poverty due to the inability to grow its industrial sector. The dilemma of exchange rate allowed growth of the industrial sector to become enormous. As such, this paper attempts a quantitative analysis of industrial output growth in Nigeria as predicted by an exchange rate volatility using a time series data from the exchange rate and the industry value added from 1986 through 2017.

Suggested Citation

  • Oseni Isiaq O. & Adekunle Ibrahim A. & Alabi Mumeen O., 2019. "Exchange rate volatility and industrial output growth in Nigeria," Journal of Economics and Management, Sciendo, vol. 38(4), pages 129-156, December.
    • Handle: RePEc:vrs:jecman:v:38:y:2019:i:4:p:129-156:n:2
    DOI: 10.22367/jem.2019.38.07
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    References listed on IDEAS

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    More about this item

    Keywords

    Exchange Rate Volatility; industrial output; GARCH; ARDL; Nigeria;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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