Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]

Akanbi, Sa’ad Babatunde and UNSPECIFIED and Yusuf, Hammed Agboola and Oluwaseyi, Musibau Hammed (2017) Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]. Journal of Emerging Economies and Islamic Research, 5 (2). pp. 1-11. ISSN 2289 - 2559

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Abstract

The adoption of a flexible exchange rate system since 1986 in Nigeria has made the country witnessed varying rate of the naira vis-à-vis the U.S dollar. This paper examines exchange rate volatility with ARCH model and its various extensions (GARCH, TGARCH, and EGARCH) using quarterly exchange rate series from 1986-Q1 to 2014-Q4.The impact of exchange rate volatility on non-oil exports was also examined using Error Correction Model (ECM) with two different measures of volatility. The results obtained confirm the existence of exchange rate volatility and also found a significant negative effect on non-oil export performance in Nigeria. Therefore, the Nigerian government should ensure an appropriate policy mix that not only ensures a stable and realistic exchange rate but also conducive atmosphere for production and exportation.

Item Type: Article
Creators:
CreatorsEmail
Akanbi, Sa’ad BabatundeUNSPECIFIED
UNSPECIFIEDUNSPECIFIED
Yusuf, Hammed AgboolaUNSPECIFIED
Oluwaseyi, Musibau HammedUNSPECIFIED
Subjects: H Social Sciences > HF Commerce > Balance of trade
H Social Sciences > HF Commerce > International economic relations > Export marketing. International marketing
H Social Sciences > HG Finance > Money
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management (B)
Journal or Publication Title: Journal of Emerging Economies and Islamic Research
ISSN: 2289 - 2559
Volume: 5
Number: 2
Page Range: pp. 1-11
Official URL: http://www.jthca.org
Item ID: 19369
Uncontrolled Keywords: Non-oil export, Exchange rate volatility, Trade, ARCH-type models
Last Modified: 15 Mar 2018 06:24
Depositing User: Perpustakaan Tun Abdul Razak UiTM Kampus Puncak Alam
URI: http://ir.uitm.edu.my/id/eprint/19369

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