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The Effect Of Exchange Rate On The Nigerian Balance Of Payments (1970-2010)
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1.3 RESEACH QUESTION
This work is guided by the following research questions:
1. How does exchange rate affect the Nigerian Balance of payment?
2. How can the Nigerian Balance of payment position be improved?
1.4 OBJECTIVES OF THE STUDY
The
general objective of this study is to examine the effect of exchange
rate on the balance of payment of a nation with special reference to
Nigeria. The specific objectives are to:
1. Evaluate the impact exchange rate on the Nigeria balance of payment.
2. Recommend ways of improving Nigerian Balance of payment positions.
1.5 RESEARCH HYPOTHESIS
Hypothesis will be tested in other to allow success of this work. The hypothesis includes;
1. There is no significant relationship between exchange rate and balance of payment (BOP) in Nigeria.
1.6 SCOPE OF STUDY
This
study is limited to exchange rate and its effect on balance of payment
with reference to the Nigeria economy. It covers a period of 40 years
i.e from 1970 to 2010.
1.7 SIGNIFICANCE OF STUDY
The exchange rate
and balance of payments of any nation are the heart and foundation of
any governments’ development. These are very controversial factors that
are not doing well in Nigeria. Naturally, since our economy is
import-dependent and as such dependent on other nations, this affects us
greatly especially
since foreign involvement and foreign exchange is
involved in every sector of the economy. It is the significance of this
study therefore; to make known the relationship between exchange rate
and balance of payments, policy implications and recommendations which
will be of immense help to policy makers and balance of payments, and
government especially as regard to the transaction of the exchange rate
and balance of payment in Nigeria. It is also of importance to students
and lecturers and the entire public who is interested in the subject
matter and its utilization in whichever way.
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ABSRACT - [ Total Page(s): 1 ]This work sets out to examine the relationship between balance of payment and exchange rate. The work is divided into five chapters; chapter 1 gives a general introduction to the subject matter, chapter two gives the general review of literature in the subject matter, chapter 3 gives or states the methodology and specifies the model used for testing. Chapter four runs the required test and provides the result as well as the interpretation and chapter five concludes the findings and recommends po ... Continue reading---
