International records / OpenAlex research

Purchasing Power Parity Exchange Rate, Misalignment and Export Growth in Nigeria

This paper analyzes the effect of real exchange rate misalignment on the growth of non-oil export in Nigeria over the period 1960-2002. The paper employs an equilibrium model of the export market and a co-integration technique for the analysis. Real exchange rate misalignment is derived on the basis of the purchasing power parity doctrine, The preliminary data analysis indicates the existence of a long-run relation between real exports and real foreign income. The final analysis shows that real exchange rate misalignment generates adverse effects on the growth of the country’s non-oil export.