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2019 | 125 | 181-192
Article title

Naira devaluation and trade balance in Nigeria

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Abstracts
EN
This paper examines the effects of Naira devaluation on trade balance in Nigeria. Annual time’s series data over the period ranging from 1986 to 2017 was used with Engle-Granger cointegration test used to test the existence of a long run relationship. The results of the estimation show that Naira devaluation had no significant influence on change in trade balance in the long-run in Nigeria in the periods under study. The result also suggests that Naira devaluation exerts no significant impact on trade balance in Nigeria over the study periods. The paper recommend that Nigerian currency should be allowed to depreciate freely through market forces and efficient money market system, official devaluation should be discouraged.
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Year
Volume
125
Pages
181-192
Physical description
Contributors
  • Department of Economics, Chrisland University, Abeokuta, Ogun State, Nigeria
  • Department of Economics, Chrisland University, Abeokuta, Ogun State, Nigeria
References
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Document Type
article
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.psjd-525b278b-0f4a-4941-8de4-8cdaaef9a33a
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