DETERMINATS OF EXCHANGE RATE VOLATILITY AND ECONOMIC GROWTH IN NIGERIA

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dc.contributor.authorADEYEMI, Kenneth Sola
dc.contributor.authorABDULMUMIN, Biliqees Ayoola
dc.date.accessioned2021-09-17T10:27:09Z
dc.date.available2021-09-17T10:27:09Z
dc.date.issued2018
dc.description.abstractAn economic recession occurs when the Gross Domestic Product (GDP) of an economy drops for two consecutive quarters. Despite the plausible effect of economic recession on the economy, the determinants of exchange rate volatility and economic growth taking cognizance of the period of recession remain an open question. Against this background, this study examines the determinants of exchange rate volatility and economic growth in Nigeria from 1984 to 2016. This study further investigates the trend of GDP and exchange rate volatility. This study employs secondary data from Central Bank Statistical Bulletin and World Bank Development Indicators. Data obtained were analyzed using Error Correction Mechanism (ECM). The findings show that money supply, trade openness, total government expenditure and effect of the recession (dummy) have significant effect on exchange rate volatility and GDP in Nigeria. This study concludes that there is high propensity to achieve a better level of economic development if the economy is prevented from going into recession. This study recommends that the economy should be well diversified in order to increase GDP to prevent the economic recession.en_US
dc.identifier.issn0795-6967
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/6372
dc.language.isoenen_US
dc.publisherDepartment of Business Administration, University of Ilorin, Ilorin. Nigeria.en_US
dc.subjectExchange rateen_US
dc.subjectexchange rate volatilityen_US
dc.subjectGDPen_US
dc.subjectrecessionen_US
dc.titleDETERMINATS OF EXCHANGE RATE VOLATILITY AND ECONOMIC GROWTH IN NIGERIAen_US
dc.typeArticleen_US

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