THE IMPACT OF EXCHANGE RATE ON THE NIGERIA ECONOMIC GROWTH
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Exchange rate is the price of one currency in terms of another currency.Exchange rate s This exchange rate is also used to determine the level of output growth of the country. Over the years, Nigeria has adopted various exchange rate regime ranging research work is centered on the impact of exchange rate on the Nigeria economic growth with special emphasis on the purchasing power of the average Nigeria and the level of international trade transaction. 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 economic growth. The variables used are GDP and non-oil export as the dependent variables, real exchange rates interest rates, inflation rate and degree of trade openness as the independent variables. Economic test shows the a priori criteria of the parameters used to determine if it conforms to the economic theory. The statistical criteria employed are the F test, T-test and R2 which test the significance of the parameters. The econometric (second order test) used are the Durbin Watson test, which test for autocorrelation and the randomness of the residuals. The Jarque-Bera criteria is used to test for normality of the residuals .the multicollinearity test which is used to test for a perfect linear relationship among the explanatory variables. From the analysis of the result, it shows that there is a relationship between GDP, EXPT and real exchange rate in Nigeria. Exchange rate stability has a positive and significant affection export and growth. An increase in exchange rate stability motivate firms to invest in export based industries
Related Project Materials
THE INFLUENCE OF SOCIAL MEDIA ON STUDENTS' READING CULTURE IN TERTIARY INSTITUTIONS
BACKGROUND OF THE STUDY
Globally, the concept of reading is one of the essential building blocks of lea...
THE INFLUENCE OF BUSINESS ANALYTICS ON OPERATIONAL EFFICIENCY
Abstract: THE INFLUENCE OF BUSINESS ANALYTICS ON OPERATIONAL EFFICIENCY
This study aims to examin...
ASSESSMENT OF STRATEGIES FOR INTEGRATING INDUSTRY-SPECIFIC COMPETENCIES INTO VOCATIONAL CURRICULA
ABSTRACT: This study investigates strategies for integrating industry-specific competencies into vocational curricula, aiming to bridge the sk...
EVALUATION OF TABLETING PROPERTIES OF NATIVE AND MODIFIED STARCHES, DERIVED FROM SOLENOSTEMON ROTUNDIFOLIUS, AS TABLET BINDER AND DISINTEGRANT
ABSTRACT
The aim of this research was to study the tableting properties of Solenostemon rotundifolius starch (SRS) and modified forms for...
TAXATION AND ITS EFFECT ON THE NIGERIAN ECONOMY (A CASE STUDY OF EDO STATE TAX SYSTEM).
ABSTRACT
The aim of this study was to investigate on taxation and its effects in the Nigeria economy. One of the objecti...
THE ROLE OF FINANCIAL ACCOUNTING IN CORPORATE GOVERNANCE
ABSTRACT
THE ROLE OF FINANCIAL ACCOUNTING IN CORPORATE GOVERNANCE is examined in this study, with objectives to understand the responsibi...
COMPENSATION MANAGEMENT AS A TOOL FOR IMPROVING ORGANISATIONAL PERFORMANCE IN THE PUBLIC SECTOR
BACKGROUND TO THE STUDY
The compensation of employees at all level has become one of the major function...
EVALUATING CRIME CONTROL AND REHABILITATION PROGRAMMES IN KIRIKIRI AND KUJE PRISONS
Background to the Study
Generally, news of crime and criminal acts elicit different reactions from the people. Sometimes people are intri...
EVALUATION OF THE RELATIONSHIP BETWEEN PRINCIPALS LEADERSHIP STYLE AND JOB SATISFACTION OF TEACHERS IN SECONDARY SCHOOLS IN NIGERIA
EXCERPT FROM THE STUDY
In the realm of literature, leadership has been defined by many philosophers, intellectuals, rese...
IMPACT OF ADVERTISING ON CONSUMER BUYING HABIT
Abstract
The study was on impact of advertising on consumer buying habit. Advertising refers to any for...
