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 Role of Auditing in Monitoring Humanitarian Aid Funds in Maiduguri Local Government Area
Background of the Study
Humanitarian aid is critical for providing relief to communities affected by crises, yet the pro...
Corporate Communication and the Role of Public Relations in Government Agencies: A Study of Wurno Local Government Area, Sokoto State
Chapter One: Introduction
1.1 Background of the Study
Government agencies play a crucial role in...
The Impact of Public Relations on Advocacy for Social Inclusion of People with Disabilities: A Study of Sabon Gari LGA, Kano State
Chapter One: Introduction
The Effect of Healthcare Workforce Retention Strategies in Rural Hospitals in Gombe State
Background of the Study
The retention of healthcare workers is a major challenge in rural hospitals, wh...
The Effectiveness of Broadcasting in Conflict Resolution: A Case Study of Jos North Local Government Area, Plateau State
Background of the Study
Broadcasting has long been recognized as an effective means of addressing social issues, especially...
An assessment of work motivation strategies and their impact on performance: A study of construction workers in Asaba, Oshimili South Local Government Area, Delta State
Background of the study:
Work motivation strategies are crucial in enhancing performance, particularly in labor-intensive s...
The Impact of Nollywood Films on Educational Attainment in Bida West Local Government Area, Niger State
Chapter One: Introduction
IDENTIFICATION OF DIFFICULT BIOLOGY TOPICS AMONG SENIOR SECONDARY SCHOOL STUDENTS
ABSTRACT
The project focuses on the Identification of Difficult Biology Topics Amongst Senior Secondary School Students...
An assessment of the use of chatbots for library reference services in Nnamdi Azikiwe University, Awka, Anambra State
Background of the study
The use of chatbots in library reference services is emerging as an innovative solution to enhance...
INCORRECT PUNCTUATION, AS A CAUSE OF AMBIGUITY ANDMISUNDERSTANDING IN WRITTEN COMMUNCATION
INTRODUCTION
Punctuation is one of the major aspects that contribute to meaning of any written discourse. This implies t...
