International records / OpenAlex research

Real Exchange Rate Volatility, Economic Growth and International Trade in an Emerging Market Economy: Evidence from Nigeria

This study examined the long-run and short-run impacts of real exchange rate volatility and the level of economic growth on international trade in Nigeria using a vector error correction model on time series annual data from 1971 to 2012.The results revealed that in both short-run and long-run, exports and imports were chiefly influenced by real exchange rate, real exchange rate volatility, foreign income, gross domestic product, terms of trade and changes in exchange rate policies.The findings further revealed that exchange rate volatility depressed exports and imports in the long-run.The res…