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

Author

Listed:
  • Adubi, A.A.
  • Okunmadewa, F.

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.

Suggested Citation

  • Adubi, A.A. & Okunmadewa, F., 1999. "Price, Exchange Rate Volatility and Nigeria's Agricultural Trade Flows: a Dynamic Analysis," Papers 87, African Economic Research Consortium.
    • Handle: RePEc:fth:afrirc:87
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    Citations

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    Cited by:

    1. Odusola, Ayodele, 2006. "Economics of Exchange Rate Management," UNDP Africa Economists Working Papers 307341, United Nations Development Programme (UNDP).
    2. Obudah, Bodiseowei C. & Tombofa, Steve S., 2014. "The Impact of Exchange Rate Movements on Trade Balance in Nigeria’s Open-Economy - L’impatto delle variazioni dei tassi di cambio sulla bilancia commerciale della Nigeria," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 67(1), pages 111-125.
    3. Nwachukwu, Ifeanyi & Ehumadu, Felix & Mejeha, Remy & Nwaru, Jude & Agwu, Nnanna & Onwumere, Joe, 2008. "Empirical Assessment of Nigeria’s Agricultural Export and Economic Welfare," MPRA Paper 12636, University Library of Munich, Germany.
    4. Mustapha A. Akinkunmi, 2017. "Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 489-500.
    5. 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.
    6. Alaba David Alori & Adebayo Augustine Kutu, 2019. "Export Function of Cocoa Production, Exchange Rate Volatility and Prices in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 11(2), pages 1-14.
    7. Ogujiuba Kanayo & Ogbonnaya Ufiem Maurice, 2013. "A Review of Value Added in Nigeria’s Pre and Post–SAP Agricultural Sector: Background and Issues," Journal of Economics and Behavioral Studies, AMH International, vol. 5(1), pages 44-56.
    8. Mkpado, Maduabuchi & Arene, Chukwuemeka John, 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), pages 1-16, June.
    9. A.I Achike & M. Mkpado & C.J. Arene, 2013. "Effects of Trade Liberalization and Exchange Rate Changes on Prices of Carbohydrate Staples in Nigeria," Working Papers 256, African Economic Research Consortium, Research Department.
    10. Fakhri, Hasanov, 2010. "The Impact of Real Effective Exchange Rate on the Non-oil Export: The Case of Azerbaijan," MPRA Paper 29556, University Library of Munich, Germany.

    More about this item

    Keywords

    PRICES ; EXCHANGE RATE ; AFRICA;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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