THE IMPACT OF INTEREST RATE ON THE NIGERIA ECONOMIC GROWTH

Exchange rate is the price of one currency in terms of another currency. Exchange rates this exchange rate is also used to determine the level of output growth of the country. Over the years, Nigeria has adopted various exchange rate regime ranging research work is centered on the impact of  exchange rate on the Nigeria economic growth with special emphasis on the purchasing power of the average Nigeria and the  level  of  international  trade  transaction.  To do this, the classical linear regression model is applied and the ordinary least square econometric technique is also used to estimate the impact of exchange rate on economic growth. The variables  used  are  GDP  and  non-oil  export  as  the  dependent  variables,  real exchange rates interest rates, inflation rate and degree of trade openness as the independent variables.

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APA

KENECHUKWU, D (2021). THE IMPACT OF INTEREST RATE ON THE NIGERIA ECONOMIC GROWTH. Afribary. Retrieved from https://afribary.com/works/the-impact-of-interest-rate-on-the-nigeria-economic-growth

MLA 8th

KENECHUKWU, DIKE "THE IMPACT OF INTEREST RATE ON THE NIGERIA ECONOMIC GROWTH" Afribary. Afribary, 06 Apr. 2021, https://afribary.com/works/the-impact-of-interest-rate-on-the-nigeria-economic-growth. Accessed 14 Oct. 2024.

MLA7

KENECHUKWU, DIKE . "THE IMPACT OF INTEREST RATE ON THE NIGERIA ECONOMIC GROWTH". Afribary, Afribary, 06 Apr. 2021. Web. 14 Oct. 2024. < https://afribary.com/works/the-impact-of-interest-rate-on-the-nigeria-economic-growth >.

Chicago

KENECHUKWU, DIKE . "THE IMPACT OF INTEREST RATE ON THE NIGERIA ECONOMIC GROWTH" Afribary (2021). Accessed October 14, 2024. https://afribary.com/works/the-impact-of-interest-rate-on-the-nigeria-economic-growth