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Agriculture was the mainstay of the Nigerian economy prior to independence and immediately after. Agriculture however, has suffered persistent decline since the 1970s with the exchange rate policy being implicated in the misfortune of this sector. Earlier studies on the effect of exchange rate...
Persistent link: https://www.econbiz.de/10010160673
This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria … 1980 Q1 to 2007 Q4. The results indicate that in both the short-run and long-run Nigeria's trade flows are chiefly …-Lerner (ML) condition holds thus implying that a devalued naira might hold considerable promise as the panacea to rising trade …
Persistent link: https://www.econbiz.de/10009958054