Determinants Of Inflation Exchange Rates And Output In Nigeria
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Determinants Of Inflation Exchange Rate And Output In Nigeria
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Author : Louis Kuijs
language : en
Publisher: International Monetary Fund
Release Date : 1998-11-01
Determinants Of Inflation Exchange Rate And Output In Nigeria written by Louis Kuijs and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-11-01 with Business & Economics categories.
This paper presents a macroeconomic model of the Nigerian economy. The long-run relationships pertaining to the markets for money, foreign exchange, and (non-oil) output are estimated. Subsequently, dynamic equations are estimated for the price level, the real exchange rate, and output. The results are instrumental in explaining the dramatic developments on the foreign exchange market during 1983-86 and 1992-94, the secular depreciation of the real exchange rate since 1985, and the rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are insensitive to exchange rate movements (e.g., other oil-based economies).
Determinants Of Inflation Exchange Rates And Output In Nigeria
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Author : Louis Kuijs
language : en
Publisher:
Release Date : 1998
Determinants Of Inflation Exchange Rates And Output In Nigeria written by Louis Kuijs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Modelling The Inflation Process In Nigeria
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Author : Olusanya E. Olubusoye
language : en
Publisher:
Release Date : 2008
Modelling The Inflation Process In Nigeria written by Olusanya E. Olubusoye and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
The Main Determinants Of Inflation In Nigeria
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Author : Mr.Gary G. Moser
language : en
Publisher: International Monetary Fund
Release Date : 1994-06-01
The Main Determinants Of Inflation In Nigeria written by Mr.Gary G. Moser and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-06-01 with Business & Economics categories.
This paper provides a selective review of the literature on the determinants of inflation in Nigeria, analyzes the dominant factors influencing inflation, presents the empirical results of a reduced-form elasticities model, and discusses the policy implications of the empirical results. The results of this analysis confirm the basic findings of earlier studies, namely that monetary expansion, driven mainly by expansionary fiscal policies, explains to a large degree the inflationary process in Nigeria. Other important factors are the devaluation of the naira and agroclimatic conditions. With respect to the depreciation of the naira, it was found that concurrent fiscal and monetary policies had a major influence on its impact on inflation. Given the considerable role of food commodities in the CPI, agroclimatic conditions (rainfall) were found to play a significant role in overall movements in prices and should be fully taken into consideration in any analysis of the inflationary process in Nigeria.
Long Run Impact Of Exchange Rate On Nigeria S Industrial Output
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Author : Ebele Nwokoye
language : en
Publisher:
Release Date : 2019
Long Run Impact Of Exchange Rate On Nigeria S Industrial Output written by Ebele Nwokoye and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
While many scholars have carried out a lot of research on the impact of exchange rate volatility and price shocks on economic growth, this study departs from previous studies and seeks to provide suggestions for Nigerian policy makers on the attainment of an ideal exchange rate necessary to boost industrialization and industrial output. The economies of all the countries of the world are linked directly or indirectly through asset and goods markets. This linkage is made possible through trade and foreign exchange. The price of foreign currencies in terms of a local currency (i.e. foreign exchange) is therefore important to the understanding of the growth trajectory of all countries of the world. The consequences of substantial misalignments of exchange rates can lead to output contraction and extensive economic hardship. These therefore, bring up the issue of an ideal exchange rate necessary for the achievement of a set of diverse objectives - economic growth, containment of inflation and maintenance of external competiveness. This study employed the use of the ordinary least square technique to examine the impact of exchange rate stability on industry output in Nigeria using annual time series data from 1980 to 2013. The result of the study showed that domestic capital, foreign direct investment, population growth rate, and real exchange rate were significant determinants of industrial output. The changes in external balance and inflation were of little or no consequences to industrial output. Based on the findings, the researcher recommended that conscious efforts should be made by government to fine-tune the various macroeconomic variables in order to provide an enabling environment that stimulates industrial output and eventual economic growth.
Exchange Rate Fluctuations Interest Rate Instability And Manufacturing Sector Output In Nigeria 1986 2017
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Author : Daniel Chibueze Onyejiuwa
language : de
Publisher: GRIN Verlag
Release Date : 2020-09-23
Exchange Rate Fluctuations Interest Rate Instability And Manufacturing Sector Output In Nigeria 1986 2017 written by Daniel Chibueze Onyejiuwa and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-23 with Business & Economics categories.
Doktorarbeit / Dissertation aus dem Jahr 2019 im Fachbereich VWL - Außenhandelstheorie, Außenhandelspolitik, Obafemi Awolowo University, Sprache: Deutsch, Abstract: The study appraises different interest rate policies, exchange rate regimes and manufacturing sector in Nigeria from 1986 to 2017 and determines the effect of interest rate and exchange rate interaction on manufacturing sector output. It investigates the dynamic effects of exchange rate fluctuations and interest rate instability on manufacturing sector output, examines the response of manufacturing sector output to shocks from exchange rate fluctuations and interest rate instability. It also determines the threshold levels of exchange rate and interest rate that will spur manufacturing sector output in Nigeria. These are with a view to examining the relationship among exchange rate fluctuations, interest rate instability and manufacturing sector output in Nigeria. The study uses secondary data. Annual data from 1986 to 2017 on manufacturing sector output, exchange rate, interest rates, gross fixed capital formation, credit to manufacturing sector, real GDP per capita, agricultural sector output, construction sector output, trade sector output, service sector output, tax revenue, inflation rate and trade openness are obtained from the Central Bank of Nigeria Statistical Bulletin of various years and World Development Indicators of various years, published by World Bank. The data collected is analysed using tables, graphs, Fully Modified Ordinary Least Square estimator, Autoregressive Distributed Lag model, Vector Autoregressive model and Sarel Threshold model to achieve the stated objectives. The study concludes that exchange rate fluctuations and interest rate instabilty dampened manufacturing sector output in Nigeria.
Determinants Of The Exchange Rate In Nigeria
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Author : Charles Ogboi
language : en
Publisher:
Release Date : 2023
Determinants Of The Exchange Rate In Nigeria written by Charles Ogboi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
This study investigated the determinants of the exchange rate in Nigeria via evidence from the Error Correction Model (ECM) over the period 1981 to 2020. The study focuses on two main objectives. The theoretical review highlights three main exchange rate determination approaches: The Purchasing Power Parity (PPP), the Monetary Methodology, and the Traditional Flow Model. The research methodology employs cointegration and error-correction methods to estimate the model using yearly data for the specified time frame. The econometric analysis comprises three stages, including unit root tests to ascertain stationarity, cointegration tests to identify long-term equilibrium relationships, and the ECM to represent short-term and long-term dynamics. The empirical results reveal the presence of significant determinants influencing the exchange rate in Nigeria. These determinants include economic openness, real output capacity, net capital flows, money supply growth, government expenditure, real interest rate, and inflation rate. The ECM model analysis indicates both short-term and long-term relationships between these determinants and the exchange rate. The study contributes to a deeper understanding of Nigeria's exchange rate dynamics and provides valuable guidance for policymakers in formulating effective monetary and fiscal policies to manage exchange rate fluctuations and foster economic development.
Dynamics Of Trade And Exchange Rate Policies Macroeconomic Adjustment And Economic Performance
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Author : A. O. Adewuyi
language : en
Publisher:
Release Date : 2003
Dynamics Of Trade And Exchange Rate Policies Macroeconomic Adjustment And Economic Performance written by A. O. Adewuyi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economic stabilization categories.
Exchange Rate Depreciation Budget Deficit And Inflation
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Author : Festus O. Egwaikhide
language : en
Publisher:
Release Date : 1994
Exchange Rate Depreciation Budget Deficit And Inflation written by Festus O. Egwaikhide and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Budget deficits categories.
Determinants Of Credit Flow From The Nigerian Banking System An Empirical Analysis
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Author : 'Tunde Adeoye
language : en
Publisher:
Release Date : 2003
Determinants Of Credit Flow From The Nigerian Banking System An Empirical Analysis written by 'Tunde Adeoye and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Bank loans categories.