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Exchange Rate Regimes and the Demand for Imports in Nigeria (1970-2008)

Imimole Benedict

Published by LAP LAMBERT Academic Publishing
ISBN 10: 3844385207 / ISBN 13: 9783844385205
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Title: Exchange Rate Regimes and the Demand for ...

Publisher: LAP LAMBERT Academic Publishing

Binding: Paperback

Book Condition: New

Book Type: Paperback

Description:

Paperback. 172 pages. Dimensions: 8.7in. x 5.9in. x 0.4in.This study has examined the impact of exchange rate regimes on the demand for imports in Nigeria for the period 1970-2008, using aggregate and disaggregate import demand formulation and the recent bounds testing cointegration approach developed within an Autoregressive Distributed Lag (ARDL)framework. The study defined a number of alternative exchange rate regimes, placed them on a continuum between fixed and flexible and focussed on the impact of fixed and flexible regimes on Nigerias imports. The result revealed that a unique long-run relationship exist between exchange rates and imports in Nigeria and that exchange rate is highly elastic and exerts significant influence on import demand particularly during the flexible regime period. It was suggested that imports should be progressively reduced through the development of domestic industries that will produce capital goods and raw materials. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783844385205

About this title:

Synopsis: This study has examined the impact of exchange rate regimes on the demand for imports in Nigeria for the period 1970-2008, using aggregate and disaggregate import demand formulation and the recent bounds testing cointegration approach developed within an Autoregressive Distributed Lag (ARDL)framework. The study defined a number of alternative exchange rate regimes, placed them on a continuum between "fixed" and "flexible" and focussed on the impact of fixed and flexible regimes on Nigeria's imports. The result revealed that a unique long-run relationship exist between exchange rates and imports in Nigeria and that exchange rate is highly elastic and exerts significant influence on import demand particularly during the flexible regime period. It was suggested that imports should be progressively reduced through the development of domestic industries that will produce capital goods and raw materials.

About the Author: Dr. Ben Imimole is currently a lecturer in the department of Economics at the Ambrose Alli University Ekpoma, Nigeria. His major areas of academic research are International Trade, Microeconomic Theory and Development policy. He has several national and international publications in learned journals.

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