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Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]

The adoption of a flexible exchange rate system since 1986 in Nigeria has made the country witnessed varying rate of the naira vis-à-vis the U.S dollar. This paper examines exchange rate volatility with ARCH model and its various extensions (GARCH, TGARCH, and EGARCH) using quarterly exchange rate s...

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Main Authors: Akanbi, Sa’ad Babatunde, Yusuf, Hammed Agboola, Oluwaseyi, Musibau Hammed
Format: Article
Language:English
Published: Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus 2017
Subjects:
Balance of trade
Export marketing. International marketing
Money
Online Access:http://ir.uitm.edu.my/id/eprint/19369/8/AJ_SAAD%20BABATUNDE%20AKANBI%20JEEIR%20B%2017.pdf
http://ir.uitm.edu.my/id/eprint/19369/
http://www.jthca.org
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record_format eprints
spelling my.uitm.ir.193692019-03-11T03:49:40Z http://ir.uitm.edu.my/id/eprint/19369/ Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.] Akanbi, Sa’ad Babatunde Yusuf, Hammed Agboola Oluwaseyi, Musibau Hammed Balance of trade Export marketing. International marketing Money The adoption of a flexible exchange rate system since 1986 in Nigeria has made the country witnessed varying rate of the naira vis-à-vis the U.S dollar. This paper examines exchange rate volatility with ARCH model and its various extensions (GARCH, TGARCH, and EGARCH) using quarterly exchange rate series from 1986-Q1 to 2014-Q4.The impact of exchange rate volatility on non-oil exports was also examined using Error Correction Model (ECM) with two different measures of volatility. The results obtained confirm the existence of exchange rate volatility and also found a significant negative effect on non-oil export performance in Nigeria. Therefore, the Nigerian government should ensure an appropriate policy mix that not only ensures a stable and realistic exchange rate but also conducive atmosphere for production and exportation. Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus 2017 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/19369/8/AJ_SAAD%20BABATUNDE%20AKANBI%20JEEIR%20B%2017.pdf Akanbi, Sa’ad Babatunde and Yusuf, Hammed Agboola and Oluwaseyi, Musibau Hammed (2017) Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]. Journal of Emerging Economies and Islamic Research (JEEIR), 5 (2). pp. 1-11. ISSN 2289 - 2559 http://www.jthca.org
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Balance of trade
Export marketing. International marketing
Money
spellingShingle Balance of trade
Export marketing. International marketing
Money
Akanbi, Sa’ad Babatunde
Yusuf, Hammed Agboola
Oluwaseyi, Musibau Hammed
Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]
description The adoption of a flexible exchange rate system since 1986 in Nigeria has made the country witnessed varying rate of the naira vis-à-vis the U.S dollar. This paper examines exchange rate volatility with ARCH model and its various extensions (GARCH, TGARCH, and EGARCH) using quarterly exchange rate series from 1986-Q1 to 2014-Q4.The impact of exchange rate volatility on non-oil exports was also examined using Error Correction Model (ECM) with two different measures of volatility. The results obtained confirm the existence of exchange rate volatility and also found a significant negative effect on non-oil export performance in Nigeria. Therefore, the Nigerian government should ensure an appropriate policy mix that not only ensures a stable and realistic exchange rate but also conducive atmosphere for production and exportation.
format Article
author Akanbi, Sa’ad Babatunde
Yusuf, Hammed Agboola
Oluwaseyi, Musibau Hammed
author_facet Akanbi, Sa’ad Babatunde
Yusuf, Hammed Agboola
Oluwaseyi, Musibau Hammed
author_sort Akanbi, Sa’ad Babatunde
title Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]
title_short Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]
title_full Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]
title_fullStr Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]
title_full_unstemmed Exchange rate volatility and non-oil exports in Nigeria : An empirical investigation / Sa’ad Babatunde Akanbi...[et al.]
title_sort exchange rate volatility and non-oil exports in nigeria : an empirical investigation / sa’ad babatunde akanbi...[et al.]
publisher Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus
publishDate 2017
url http://ir.uitm.edu.my/id/eprint/19369/8/AJ_SAAD%20BABATUNDE%20AKANBI%20JEEIR%20B%2017.pdf
http://ir.uitm.edu.my/id/eprint/19369/
http://www.jthca.org
_version_ 1685649204300480512
score 13.211869

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