Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
FOREIGN EXCHANGE, INTERMEDIATE INPUTS IMPORT AND INDUSTRIALIATION NEXUS IN NIGERIA

FOREIGN EXCHANGE, INTERMEDIATE INPUTS IMPORT AND INDUSTRIALIATION NEXUS IN NIGERIA

 

Abstract: This study investigates the link among exchange rate, importation of key intermediate inputs and industrialization in Nigeria using data covering 19812016. It utilizes structural vector autoregressive (SVAR) model based on contractionary devaluation hypothesis. Decomposing the variance of industrialization (measured by share of manufacturing sector in GDP), the results show that oil prices, external reserves and exchange rates are important factors. The impulse of industrialization shows that positive shocks to industrialization come directly from shocks to importation of chemical products, as well as machinery and transport equipment, while shocks to these imported inputs come from shocks to foreign exchange. The study thus recommends the need for foreign exchange easing by providing special exchange rate windows for the importation of chemical and machinery and transport equipment. This will go a long way to enhance the much desired industrialization in Nigeria.

JEL Codes: F31, O14, O24

Price: N500.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

Winners of The Nigerian Economic Society PhD Thesis Prize Award in Economics for 2018

The Executive Council of the NES is pleased to announce the Winners of The Nigerian Economic Society...read more


Communique of the 59th Annual Conference of the Nigerian Economic Society, held at the NICON Luxury Hotel, Abuja from September 25-27, 2018

Theme: Optimizing Value Chain in the Agricultural Sector in Nigeria The Nigerian Economic Society i...read more


2018 Nigerian Economic Society Annual Public Lecture Announcement

The Executive Council of NES has the pleasure to announce it's 2018 Annual Public Lecture with the t...read more


E-Mail Subscription

VoguePayVisaMasterCard