The Es Economics and Entrepreneurship
Vol. 2 No. 02 (2023): The Es Economics And Entrepreneurship (ESEE)

The Effect of Exchange Rate on Export in Nigeria: An Econometric Analysis

Sani Abdullahi Sule (Universitas Sebelas Maret, Saadatu Rimi University of Education Kano)
Lukman Hakim (Universitas Sebelas Maret)
Siti Aisyah Tri Rahayu (Universitas Sebelas Maret)
Bhimo Rizky Samudro (Universitas Sebelas Maret)
Tetuko Rawidyo Putro (Universitas Sebelas Maret)
Putra Pamungkas (Universitas Sebelas Maret)



Article Info

Publish Date
30 Dec 2023

Abstract

The study's objectives are to assess other important factors that influence export promotion and explore the impact of exchange rates on export performance. To accomplish the research goals, the study uses both the theories of foreign exchange and international trade. Data from the CBN Bulletin from 2010 to 2021 were used in the analysis. Multiple regression analysis was used to analyze the study. The results show that the link between the exchange rate, FDI, and export value in Nigeria is both positive and insignificant. The outcome further demonstrates that FDI and export value in Nigeria have a favorable and significant relationship. This suggests that export encouragement increases with FDI levels. The findings indicate that Nigeria's export performance is negatively and insignificantly correlated with inflation. More specific policies should be implemented by the government to support export promotion in Nigeria.

Copyrights © 2023






Journal Info

Abbrev

esee

Publisher

Subject

Economics, Econometrics & Finance

Description

ESEE - The Es Economics and Entrepreneurship is a peer-reviewed journal and open access three times a year (April, August, and December) published by Eastasouth Institute. ESEE aims to publish articles in the field of Microeconomics and macroeconomics, International trade and international finance, ...