EXCHANGE RATE STABILITY AND EXPORT PERFORMANCE: THE CASE STUDY OF AGRICULTURAL PRODUCE IN NIGERIA, (1978-2010)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
Exchange rate is the price of one currency in terms of another currency. Exchange rate stability has to do with government actions in order to stabilize exchange rate so as to increase export in Nigeria especially export of primary products (agricultural produce) over the years, Nigeria has adopted various exchange rate regimes ranging from fixed exchange regime to floating exchange regime. The main purpose of this work is to determine to what extend does the volatility and risks of exchange rate affect exports of agricultural produce in Nigeria. To do this, the classical Linear Regression Model is applied and the ordinary least square econometric technique is also used to estimate the impact of exchange rate on agricultural export trade earning. The variables used are export trade earnings as the dependent variable and exchange rate, interest rate, inflation and agricultural out put as the independent variables. Economic test shows the piori criteria of the parameters used to determine if it conforms to the economic theory. The statistical criteria employed are the F – test, the T – test and R2 which tests the significance of the parameters. The econometric criteria (second order test) used are the Durbin Watson test, which tests for the auto correlation and the randomness of the residuals. The Jarqu-Bera criteria is used to test for normality of the residuals. From the analysis of the result, it shows that there is a relationship export performance of agricultural product and real exchange rate stability in Nigeria. Exchange rate stability has a positive and significant effect on agricultural export. An increase in exchange rate stability raises the marginal utility of export revenue and therefore induces them to increase exports.
Related Project Materials
The effect of local government taxation on small and medium enterprises in Oshimili South Local Government Area, Delta State.
Background of the Study
Local government taxation is a critical source of revenue for community development, yet it also h...
An assessment of ethical marketing practices in advertising on brand loyalty during economic hardship: Evidence from a fashion retailer in Kaduna, Nigeria.
Background of the study
Economic hardship intensifies consumer scrutiny of marketing practices, making ethical adv...
An Investigation of Statistical Trends in Maternal Anemia and Pregnancy Outcomes in Nasarawa State
Background of the Study
Maternal anemia is a significant health concern in developing countries, affecting both maternal and fetal outcom...
Enhancing Graphic Design Education through AI-Based Design Tools at University of Maiduguri, Borno State
Background of the study
The field of graphic design is evolving rapidly, driven by advances in artificial intelligence (AI)...
An Assessment of the Role of Emergency Nurses in Managing Acute Coronary Syndrome in University College Hospital, Ibadan
Background of the Study
Acute coronary syndrome (ACS) is a spectrum of conditions associated with sud...
An examination of valuation methodologies in investment banking: a case study of Stanbic IBTC Bank
Background of the Study
Valuation methodologies are essential in investment banking for determining the worth of financial...
Compliance Challenges for Farmers Under Local Tax Regimes in Tafawa Balewa LGA
Background of the Study
Tax compliance is a significant concern in rural areas, particularly for farmer...
YOUTH PARTICIPATION IN SOCIAL MEDIA FRAUD; PROBLEM, EFFECT AND SOLUTION
Abstract
This research work was conceived to find out the pattern of social media fraud in tertiary institutions in Zari...
An investigation of the role of geopolitical identity in education sector reforms in Kontagora Local Government Area, Niger State
Background of the Study
The role of geopolitical identity in education sector reforms cannot be overstated, particularly in Nigeria, where r...
An Assessment of the Role of Central Bank Monetary Policy on Inflation Control in Kogi State
Background of the Study
Monetary policy refers to the actions taken by a country’s central bank to control the supply of money and...
