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
ETHICS AND ACCOUNTING PRACTICE IN NIGERIA
ABSTRACT
The broad objective of the study is to examine the impact of ethics on accounting practice in Nigeria. The spec...
An investigation of market growth drivers in the Islamic banking sector
Background of the Study
The Islamic banking sector has witnessed significant market growth over the past...
The Application of Activity-Based Costing in Agricultural Cooperatives in Northern Nigeria
Background of the Study
Agricultural cooperatives play a crucial role in enhancing the livelihoods of farmers and promot...
The Impact of Compensation Management on Employee Retention: A Case Study of UBA Plc in Niger State
Background of the Study
Compensation management is a critical function within human resource management that involves deter...
MANAGEMENT OF WORKPLACE CONFLICTS IN BUSINESS ENVIRONMENT USING ALTERNATIVE DISPUTE RESOLUTION
Abstract
In today’s business atmosphere, conflict in the workplace is a noteworthy issue; therefore, handling conf...
An assessment of the relationship between vocational education and students' career aspirations in Riyom Local Government Area, Plateau State
Background of the Study
Vocational education plays a crucial role in shaping students’ career aspirations, especiall...
An assessment of forex trading strategies on bank performance: a case study of Access Bank Nigeria
Background of the Study
Forex trading has emerged as a vital component of bank performance in an increasingly globalized f...
An Evaluation of Community-Based Nutrition Programs for Children in Kebbi State
Background of the Study
Community-based nutrition programs play a crucial role in addressing child malnutrition by providing education, s...
An Assessment of Fraud Prevention Mechanisms in Private Nursery Schools in Enugu State
Background of the Study
Private nursery schools in Nigeria play a vital role in early...
An appraisal of customer service training programs on service delivery in banking: a case study of Sterling Bank
Background of the Study
Customer service training is an essential component of operational excellence in the banking industry. Sterling B...
