International records / OpenAlex research

Exchange rate volatility and export trade in Nigeria: an empirical investigation

This article seeks to quantitatively assess the impact of exchange rate volatility on nonoil export flows in Nigeria. Theoretically, volatility-trade link is ambiguous, although a strand of studies reported inverse link between export flow and volatility. This article employed fundamental analysis where the flow of nonoil exports from the Nigerian economy is assumed to be predicated on fundamental variables: the naira exchange rate volatility, the US dollar volatility, Nigeria's Terms of Trade (TOT) and Index of Openness (OPN). Empirical results showed the presence of unit root at level; howev…