Jurnal Ekonomi & Studi Pembangunan
JESP Volume 19 Nomor 1, April 2018

EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT

Odusanya, Ibrahim Abidemi (Unknown)
Adesoye, Adesola Bolaji (Unknown)
Gbadamosi, Ayinla Idris (Unknown)

Article Info

Publish Date
30 Apr 2018

Abstract

This paper examines the effect of exchange rate fluctuations on the capital account in Nigeria from 1980 to 2015. The data used for the study were retrieved from the Central Bank of Nigeria Bulletin. The study employed Johansen co-integration test, Error Correction Model (ECM) and Fully Modified Ordinary Least Square (FMOLS). Evidence from the study shows that exchange rate has no effect on the capital account. As a result of the study, production in the Nigerian economy must be encouraged through availability of domestic credit while market determined interest rate should be encouraged to stimulate economic growth and investment

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Journal Info
Jurnal Ekonomi & Studi Pembangunan
Website

Abbrev

esp

Publisher

Universitas Muhammadiyah Yogyakarta

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi & Studi Pembangunan (JESP) focuses on research papers relating to development economics and multidisciplinary concern to systemic problems in developing countries particularly using quantitative or theoretical work in which novelty is essential. JESP does not publish manuscripts in ...