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Exchange Rate Fluctuation And Export Performance In Nigeria (1961-2011)
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1.3 SIGNIFICANCE OF THE STUDY
This
research will serve as a future guide to the policy makers in the
formulation of better and efficient policy options for managing exchange
rate fluctuations in Nigeria. Also, the research will be of immense
help to the general economy, as it will provide possible measures the
monetary authority could adopt in order to maintain exchange rate
stability so that exchange rate can influence importantly export growth,
consumption, resource allocation, employment and private and foreign
investments as research has shown. Above all, it will add to the
existing literature thus, providing relevant information that could
guide further researchers on this subject.
1.4 SCOPE OR DELIMITATION OF THE STUDY
This
study intends to look at the export performances and exchange rate
fluctuations in Nigeria. Thus, it is restricted to tracing the responses
of some export components to shock to the exchange rate over some
periods; hence it omitted the test of hypothesis. The study covers a
period of 51 years that is 1961-2011. This range is chosen to give room
for enough degree of freedom that will ensure reliable estimates.
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ABSRACT - [ Total Page(s): 1 ]This paper “exchange rate fluctuation and export performances in Nigeria†aim to determine the effect of foreign exchange dynamism on the country’s export performance from 1961-2011. Research results from the economic tool of regression analysis obtained shows that fluctuations in the naira exchange rate affect manufacturing and agricultural exports more than it affects oil export. To reduce the impact of this fluctuations on these export, monetary authorities in Nigeria shoul ... Continue reading---
