Izvorni znanstveni članak
https://doi.org/10.2478/zireb-2021-0002
Exchange Rate Volatility and Sectoral Analysis of Non-Oil Export in Nigeria
Lukman Oyeyinka Oyelami
orcid.org/0000-0002-9958-1815
; University of Lagos, Lagos, Nigeria
Omowumi M. Ajeigbe
; Department of Economics, Redeemer’s University Ede, Osun, NG 7914, Nigeria
Sažetak
The paper seeks to assess the industry-based effect of exchange rate volatility on the export of non-oil sector in Nigeria. Theoretically and empirically, volatility-trade link is ambiguous. The paper employed bound test for co-integration between exchange rate volatility and exports of non-oil products. Empirically, the results show that we can accept the hypothesis of no co-integration between volatility and export of non-oil industries in most cases. Therefore, the study concludes that the exchange rate volatility can actually produce negative effect on non-oil export industries in the short-run especially the big industries (Agriculture, food and manufacturing) but this effect does not linger into the long-run and this suggests that most of these industries have been able to develop a mechanism to cope with exchange rate volatility problem in the long-run.
Ključne riječi
Volatility; Non-oil; Export; Nigeria
Hrčak ID:
257995
URI
Datum izdavanja:
31.5.2021.
Posjeta: 683 *