International records / OpenAlex research

ls Exchange Rate Pass-through to Import Prices in Nigeria A Short-run Phenomenon?

The study examines the extent of exchange rate pass-through into import prices for Nigeria between 1980 and 2006. The recently developed Unrestricted Error Connection Model (UECM) – Bounds test proposed by Pesaran et al. (2001) was adopted. A price model that recognized the developments in the tradable and non-tradable sectors of the economy was used. At the aggregate level, exchange rate pass-through to import prices was found to be complete. However, only the short-run effect of exchange rate pass through was evident, but occurred with a lag. There was, however, no long-run relationship amon…