Effect of Exchange Rate on Balance of Payments in Nigerian Economy (1989-2013)
Journal Title: Scholars Bulletin - Year 2016, Vol 2, Issue 2
Abstract
Abstract: This study examines the effect of exchange rate on balance of payment in Nigeria for the period of 1989-2013. The data used for this study was obtained from the publications of Central Bank of Nigeria (CBN) and also from National Bureau of Statistics (NBS). Ordinary Least Square method was implored for data analysis with time series statistical package of econometrics. Exchange rates, import, export and interest rate where the independent variables used while balance of payments stands as the dependent variable. The researcher also used those macro-economic variables to ascertain their contribution to both positive (favorable) and negative (unfavorable) balance of payments which foreign exchange movement always determines. The result shows that an increase in exchange rate will result in a decrease in BOP (unfavorable), while export and interest rate has positive effect on balance of payment unlike import that contributes negative effect on balance of payment (unfavorable) as it increases. Keywords: Central Bank of Nigeria, National Bureau of Statistics, exchange rate, BOP.
Authors and Affiliations
Ifedoro, Ndubuisi Nicholas, Kurah, Joshua T
Keywords
Related Articles
- EP ID EP379254
- DOI -
- Views 147
- Downloads 0
Work Progress Feedback and Employees Performance in Organizations; A Case Study of Water and Sanitation Companies in Nyeri County, Kenya
Abstract: Work progress feedback has played a critical role in creation of a conducive and harmonious relationship in organizations all over the world. Indeed it is one factor that is essential in enhancement of service...
The Method of Recovering the Burial History
Abstract:The recovery of basin burial history is a vital content in the process of resource evaluation of petroleum basins; therefore the researchers of basin pay attention to it widely. The method of recovering the buri...
Review of Organic Pollutants in Wastewater along the Course of River Gwagwarwa and River RafinMalam in Kano State – Nigeria
Abstract:Water samples of River Gwagwarwa and River RafinMalam were subjected to liquid-liquid extraction and analyzed for organic pollutants. The organic parameters were determined using the standard methods of America...
A pattern search method with non-monotone strategy
Abstract: In this paper, we propose and analyze a new non-monotone pattern search method for unconstrained optimization problems. Actually, we combined a new strategy of non-monotone technique with the traditional patter...
Three-dimensional Geological modeling of Toutai oilfield’s Fuyu reservior Z11 block
Abstract: Reservoir geological model is the core of the geological model of the reservoir, is the specific characterization of reservoir characteristics and heterogeneities in the three-dimensional spatial distribution a...