International records / OpenAlex research

Impact of Monetary Policies on Export Sector Performance in Nigeria

This study revalidates the nexus between monetary policies and export sector performance in Nigeria from 2014 to 2023. The series is sourced from Central Bank of Nigeria (CBN) Statistical Bulletin. The stationary series of the generated residual prompts the adoption of the Error Correction Model (ECM). The variables considered in the model includes export value, real effective exchange rate, maximum lending rate, money supply, credit to core private sector, gross domestic product and consumer price index. The stationarity of the residual using Augmented Dickey Full unit root test established t…