International records / OpenAlex research

Foreign Exchange Rate Reforms and Economic Growth in Nigeria: Further Reassessment

This study examines the impact of foreign exchange rate reforms on economic growth in Nigeria. In this process, gross domestic product was used as a proxy for economic growth. The real effective exchange rate, net trade in goods and services, general government final consumption expenditure, and domestic credit to the private sector were used as independent variables. All the variables achieved stationarity at unequal forms, and therefore confirm that the persistence shock is not an infinite memory. The Bounds test of cointegration was used due to the mixed stationarity of the variables. The r…