REAL EXCHANGE RATE AND SECTORAL EMPLOYMENT
IN NIGERIA: An Empirical Analysis of Agriculture, Manufacturing and Service Sectors
REAL EXCHANGE RATE AND SECTORAL EMPLOYMENT
IN NIGERIA: An Empirical Analysis of Agriculture, Manufacturing and Service Sectors |
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Category: Conference Articles
Author: Abiodun O. Folawewo & Adeniyi Jimmy Adedokun
Year:2012
Abstract: This study examines empirically via two channels the impact of real exchange rate on sectoral employment in Nigeria between 1970 and 2010. The study focuses on three main sectors of the economy – agriculture, manufacturing and services. The results of the empirical analysis indicate that among the three sectors, the manufacturing sector feels the greatest effect of real exchange rate adjustments. Specifically, the results show that the rate of adjustment of manufacturing sector employment to changes in real exchange rate is faster than those of the agricultural and services sectors. The findings of the study have important implications for employment generation in Nigeria thereby suggesting the need for proper management of the naira exchange rate, and the need for a well developed manufacturing sector.
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Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c
The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen
63rd ANNUAL CONFERENCE ANNOUNCEMENT
26 - 30 September 2022
Venue: Kano, Kano State, Nigeria
At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held