Exchange Rate Management and Sectoral Output Performance

Isibor, Areghan Akhanolu and Olokoyo, F. O. and Arogundade, Maria and Osuma, Godswill and Ndigwe, Chisom (2018) Exchange Rate Management and Sectoral Output Performance. Int. J Sup. Chain. Mgt, 7 (5). pp. 129-134.

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Abstract

The goal of every economy is to have a stable exchange rate with the countries it trades with; therefore exchange rate is very vital to the economy of every country. Nigeria has adopted both fixed and fluctuating exchange rate regimes in order to achieve the goal of a realistic exchange rate but this has proven futile as the economy has continued to perform poorly over the years. This study is therefore aimed at examining the effect exchange rate management has on the output performance of both the agricultural sector and the manufacturing sector. Secondary data from 1981 – 2015 were analyzed using the Ordinary Least Square technique. The results showed that exchange rate has a positive and significant effect on only the agriculture sector. The study recommends amongst others that efforts should be made to increase the exportation of agricultural products in order to boost exchange rate.

Item Type:	Article
Uncontrolled Keywords:	Exchange rate; Agriculture; Manufacturing sector; Ordinary least squares; Sectoral output
Subjects:	H Social Sciences > HF Commerce H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	23 Jan 2020 12:57
Last Modified:	23 Jan 2020 12:57
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/13057

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