The study investigated the effect of depreciation of naira on Nigeria economy, causes effect and remedy using time series analysis and annual data from 1990 – 2009. The regression analysis model were used to capture both the long-run and short-run dynamics of the variables in the model. The empirical results indicate that depreciation of naira have significant effect on economic growth. There also exists a unique long-run relationship between economic growth and its determinants, including exchange rate, inflation rate and interest rate. It is relevant that Nigeria as a nation should critically look at her economic policies and exchange rate regimes to curb the instability in the naira exchange rate as well as boost her external balance.
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The project titled "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries" aims to explore the relationship between forei...
Research Overview: The project titled "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries" aims to investigate the re...
Research Overview: The project titled "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries" aims to investigate the re...
The research project titled "Analyzing the impact of globalization on income inequality in developing countries" seeks to explore and analyze the rela...
The research project titled "An Analysis of the Impact of Minimum Wage Increases on Small Businesses" aims to investigate and analyze the effects of m...
The research project titled "The Impact of Minimum Wage Legislation on Employment Rates in the Service Industry" aims to investigate the effects of mi...
The project titled "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries" aims to investigate the relationship between f...
The research project titled "The Impact of Foreign Direct Investment on Economic Growth: A Case Study of Developing Countries" aims to investigate the...
The project titled "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries" aims to investigate the relationship between f...