Impact of Exchange Rate Fluctuations on Agricultural Exports (Crops) In Nigeria
Journal Title: International Journal of Humanities and Social Science Invention - Year 2017, Vol 6, Issue 3
Abstract
This paper analyses short and long-run impacts of exchange rate fluctuations on agricultural exports volume in Nigeria. The data are made up of secondary sources obtained from Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics and International Financial Statistics of the International Monetary Fund (IMF) websites spanning over 34 years(1981-2014). ARDL was used as the method of analysis; the independent variables include official exchange rate, agricultural loans and relative prices of agricultural exports while the dependent variable is agricultural export volume.GARCH was used to estimate the volatility of exchange rates, and otherdiagnostic tests.The short-run results revealed that official exchange rate and agricultural loans have significant positive impact on agricultural export volumes which has the effect of expanding the dependent variable while, relative prices of agricultural exports has significant negative impact on agricultural exports volume which also has the effect of contracting the dependent variable. The long-run results revealed similar findings with the exception of official exchange rate which has statistically significant negative impact on agricultural exports volume. i.e. contrary to normal expectations. The paper recommends the relevance of stabilizing exchange rate from the present downward trend and providing farm equipment and input on credit basis by the government and private sector institutions rather than loanable fund that can be redirected to other activities other than agriculture.
Authors and Affiliations
N. M. Gatawa Ph. D, A. A. Mahmud
Keywords
Related Articles
- EP ID EP404781
- DOI -
- Views 148
- Downloads 0
“An Overview on Observation Homes under Integrated Child Protection Scheme”
India is home to almost 19% of the world„s children. More than one third of the country„s population, around 440 million, is below 18 years. India„s children are India„s future as strength of the nation lies in a healthy...
Waste Disposal Management and Intensive Care Unit- A Review.
Biomedical waste is any waste generate during the diagnosis, testing, treatment, research or production of biological products for humans or animal.According to who estimates 85% of hospital waste is non hazardous10% is...
The Effect of Professionalism to the Level of Materiality in Examination of Financial Report:A case study in State Audit Agency (BadanPengawasKeuangan) of North Sulawesi Province
he role of human resource in an organization is determine and important. Good quality of human resource in an organization can address every aspect of challenge in the future, while good job performance is a tool to incr...
Does Brexit Would Cause Domino Effect on Other European Union Countries? Is It The End of Regional Integrations?
Based on the Lisbon Treaty Article 50 / Treaty of European Union (TEU), the United Kingdom implemented a referendum on July 23, 2016, called Brexit, to decide whether to leave or stay in the EU. The fact that the referen...
Impact of Adjustment on Self- Efficacy of Collegiates of Jammu
In the transition period of adolescence, self -efficacy play an effective role in adjustment. College students have expectations about college life long before actually leaving home. Some students look forward to college...