The Impact Of Exchange Rate On The Nigeria Economic Growth

ABSTRACT

 

 

Exchangerate isthe priceofonecurrency intermsofanothercurrency. Exchange ratesthisexchangerateisalsoused todeterminethe level ofoutputgrowth ofthe country.Overtheyears,Nigeriahasadoptedvariousexchange rateregimeranging researchworkiscenteredonthe impactof  exchangerate ontheNigeria economic growthwith specialemphasisonthe purchasingpower oftheaverageNigeriaand thlevel  ointernational  tradtransaction.  Todo this, the classical linear regressionmodelisappliedandthe ordinary leastsquareeconometrictechnique is alsousedtoestimatethe impactofexchangerate oneconomicgrowth.The variables  used  are  GDP  and  non-oil  export  as  the  dependent  variables,  real exchangeratesinterestrates, inflationrateand degreeof trade opennessas the independentvariables.