Taiwo Akinlo
Adeyemi College of Education, Ondo, Nigeria

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The impact of exchange rate volatility on manufacturing sector in sub-Saharan Africa (1980-2015) Taiwo Akinlo
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 6 No. 1 (2018): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (922.429 KB) | DOI: 10.22437/ppd.v6i1.5180

Abstract

This study examined the impact of exchange rate volatility on manufacturing sectors in selected sub-Saharan Africa from the period 1980 to 2015. Panel data regression analysis was adopted in the study. Panel pooled OLS, panel fixed effect and Dynamic Generalised Method of Moment models were used for the estimation. The pooled OLS result shows that Gross Domestic Products and physical capital have positive impact on economic growth in sub-Saharan Africa while trade openness, interest rates and exchange rate volatility have negative impact on manufacturing sector. The results from fixed effect and Dynamic Method of moment model shows that trade openness, interest rate and exchange rate volatility have negative impact on manufacturing sector.