Placeholder

DETERMINANTS OF REAL EXCHANGE RATE IN NIGERIA (1975-2009)

Topic Description

TABLE OF CONTENTS
Title page ………………………………………………………………………………………………………….. i
Certification ………………………………………………………………………………………………………. ii
Dedication …………………………………………………………………………………………………………. iii
Acknowledgement ……………………………………………………………………………………………… iv
Abstract ……………………………………………………………………………………………………………. v
CHAPTER ONE
INTRODUCTION
1.1 Background to the study …………………………………………………………………………………. 1
1.2 Problem statement …………………………………………………………………………………………. 6
1.3 Objectives of the study …………………………………………………………………………………… 7
1.4 Hypothesis …………………………………………………………………………………………………… 7
1.5 Scope of the study …………………………………………………………………………………………. 7
1.6 Policy Preference of the study …………………………………………………………………………. 7
CHAPTER TWO
LITERATURE REVIEW
2.1 Conceptual issues on real exchange rate ……………………………………………………………. 9
2.2 Theoretical Literature ……………………………………………………………………………………. 12
2.3 Empirical Literature ………………………………………………………………………………………. 16
2.4 Justification of the Study ………………………………………………………………………………… 23
viii
CHAPTER THREE
METHODOLOGY
3.1 Review of Some of the Methods Used in Previous Studies …………………………………… 25
3.2 Model Specification ………………………………………………………………………………………. 26
3.3 Variables, Effects on Real Exchange Rate and Their Proxies ………………………………… 27
3.4 Unit Root/Stationary Test ……………………………………………………………………………….. 28
3.5 Cointegration………………………………………………………………………………………………… 30
3.5.1 Impulse Response ……………………………………………………………………………………….. 32
3.5.2 Variance Decomposition Analysis …………………………………………………………………. 32
CHAPTER FOUR
DISCUSSION OF RESULTS
4.1 Empirical Results ………………………………………………………………………………………….. 34
4.1.1 Stationary/Unit Root Test Results ………………………………………………………………….. 34
4.2 Cointegration………………………………………………………………………………………………… 43
4.2.1 The long run relationship ……………………………………………………………………………… 45
4.2.2 The short run relationship …………………………………………………………………………….. 47
4.2.3 Impulse response analysis …………………………………………………………………………….. 48
4.2.4 Variance Decomposition analysis …………………………………………………………………..
CHAPTER FIVE
CONCLUSION AND POLICY RECOMMENDATION
5.1 Summary of the study and Conclusion ………………………………………………………………. 51
5.2 Policy Implications and Recommendations ………………………………………………………… 52
5.3 Limitations of the study ………………………………………………………………………………….. 52
References…………………………………………………

PROJECT SAMPLE/DEPARTMENTS

REVIEW OUR SERVICES

SEE FAQ