International records / OpenAlex research

Nigerian Economic Performance: Exploring Dynamics of Exchange Rate, Inflation and Economic Output

This study explores the dynamic interaction between exchange rate, inflation and economic output in Nigeria between 1999 and 2017 using Vector Error Correction (VEC) granger causality test and Vector Error Correction Model (VECM). Results establish that there is unidirectional causality running from economic output (GDP) to exchange rate in Nigeria. The study further confirms that exchange rate significantly exerts a long run positive impact on economic performance in the country, while the impact of inflation on economic output in the long run is found to be negative. Furthermore, economic ou…