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Statistical analysis on the impact of dollar increment on the growth of Nigeria economy

 Department: Economics  
 By: usericon kruskalstat  

 Project ID: 4713
   Rating:  (3.3) votes: 6
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   Price:₦4000
Abstract
This study was set out to achieve the examination of the dollar increment effect on the Nigerian economy. The study used the GDP of the nation as a measure of its economic growth, while the monetary value of import and export as a measure of trade openness collaborating with dollar increment rate, using the regression model, it was found that there is an effect of trade openness on economic growth, and with a measure of significance, the analysis revealed that dollar increment has a negative effect on the economy. From the regression analysis, it was shown that there is a significant positive relationship between GDP and exchange rate, net import has a negative effect on the growth of the Nigerian economy over the period studied. Hence, this study concludes that the nature of the effect that trade openness has on economic growth is negative....
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