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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus
2017
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/19369/ |
| _version_ | 1848804750718402560 |
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| 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 |
| building | UiTM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T22:00:06Z |
| format | Article |
| id | uitm-19369 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:00:06Z |
| publishDate | 2017 |
| publisher | Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-193692019-03-11T03:49:40Z https://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.] jeeir 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 https://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.]. (2017) Journal of Emerging Economies and Islamic Research (JEEIR) <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_and_Islamic_Research_=28JEEIR=29.html>, 5 (2). pp. 1-11. ISSN 2289-2559 https://journal.uitm.edu.my/ojs/index.php/JEEIR/ |
| 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.] |
| title | 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_short | 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.] |
| topic | Balance of trade Export marketing. International marketing Money |
| url | https://ir.uitm.edu.my/id/eprint/19369/ https://ir.uitm.edu.my/id/eprint/19369/ |