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The Impact Of Exchange Rate On The Nigeria Economic Growth
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1.7 SIGNIFICANCE OF THE STUDY
The
significance of this research work lies in the fact that if the causes
of the unstable exchange rate of the naira is identified and corrected,
the economy will rapidly grow and develop into an advanced one. This is
so because if the unstable exchange rate of the naira is proved to be
affecting badly the macro-economic major variables, including real
exchange rate, real interest rate, inflation rate, gross domestic
product and trade openness of the country, attempts should be made to
stabilize the exchange rate. This is because these variables are gauge
for the importantly measurement of growth and development of any
economy. Importantly, this study would help the government and the
central bank of Nigeria (CBN) to identify the strength and weakness of
each foreign exchange system and hence adopts the policy that suits the
economy best this will definitely enhance growth and development of the
economy, the study will also serve as a guide to future researchers on
this subject.
1.8 LIMITATIONS OF THE STUDY
The study is structured
to evaluate the Nigeria exchange rate as the pilot of economic growth
and development. The study is therefore limited to the core economic
growth in Nigeria and not the socio- political factors of the foreign
exchange rate.
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ABSRACT - [ Total Page(s): 1 ]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 ... Continue reading---
