EXCHANGE RATE FLUCTUATION AND NIGERIA’S ECONOMIC GROWTH

Authors

  • Eyung, Emmanuel Idu Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.
  • Fidelis Aben Agbor Department of Accountancy, University of Cross River State, Calabar, Nigeria.
  • Orajekwe J. Chukwuebuka Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.

Keywords:

Economic growth, exchange rate, exchange rate appreciation, exchange rate depreciation

Abstract

The study investigates the effect of exchange rate fluctuation on economic growth of Nigeria: 1996 – 2016. The research adopted Rudi Dornbusch Exchange rate overshooting model as the main theoretical framework. The study employed multiple regression analysis with Ordinary Least Square (OLS) econometric technique to examine the effect of exchange rate fluctuation on the economic growth in Nigeria. The result showed that exchange rate has significant positive effect on economic growth in Nigeria. It therefore suggests strict foreign control policies in order to determine appropriate exchange rate value in Nigeria.
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Published

27-08-2021

How to Cite

Eyung, E. I., Agbor, F. A., & Orajekwe, C. (2021). EXCHANGE RATE FLUCTUATION AND NIGERIA’S ECONOMIC GROWTH. Journal of Contemporary Issues in Accounting, 2(1), 1–9. Retrieved from https://journals.unizik.edu.ng/jocia/article/view/926

Issue

Vol. 2 No. 1 (2021)

Section

Articles