Econometric modeling of the impact of exchange rate fluctuation on Nigerian economic growth Department: Mathematics and Statistics By: Arinze1 Project ID: 5567 Rating: (4.5) votes: 2Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study investigates the impact of exchange rate fluctuation on the Nigerian economic growth and examines the possible direct and indirect relationship between exchange rate and GDP growth. The data for this study is secondary data collected from the central bank of Nigeria (CBN) and National Bureau of Statistics (NBS) statistical bulletin on various issues and is based on quarterly series from the period 1986 to 2013. The test of stationarity using Augmented Dickey Fuller (ADF) showed that all the variables were integrated of order one. The test of cointegration showed one cointegration vector which confirmed the existence of a long-run relationship among the variables. The relationship is derived in two ways using a simultaneous equation model within a fully specified (but small) macroeconomic model and a Generalized Method of Moments (GMM) technique. The estimation result showed that there is evidence of a strong direct relationship between changes in exchange rate and GDP growth. It also showed that Nigerian economic growth has been directly affected by monetary factors. These factors have tended to sustain a pattern of real exchange rate depreciation, which has been unfavorable for growth. The conclusion is that improvements in exchange rate management are necessary but not adequate to revive the Nigerian economy. A broad program of economic reform is required, to complement the exchange rate policy....Preview Download Preview +Other Mathematics and Statistics project topics and materials you might be interested in»Statistical Quality Control of Premier Soap in Soap Manufacturing Industry ( A Case Study of PZ Cusson PLC Aba Abia State)»Statistical analysis of students’ height and weight (case study of federal polytechnic Nekede, Owerri, Imo state) »Statistical analysis of unemployment rate among age groups and geographical locations in Nigeria»Statistical analysis of the problems associated with skill acquisition in Nigeria (a case study of male tailors in Imo state)»Application of linear programming technique to profit maximization in the production of soap (a case study of Promotex industrial and chemical company limited, Nnewi, Anambra state) »Statistical analysis of foster care and adoption rate in Abia state (a case study of motherless babies home Ahiaeke, Umuahia)»Determination of nutritional status of children within the ages of four (4) to ten (10) years using their body mass index (BMI)»Time series analysis on marriage registration in Ilorin, Kwara state»Application of multiple queuing model in evaluating the efficiency of service in UBA bank»Statistical analysis on impact of parental hood on academic performance»Determinant of foreign direct investment in Nigeria and its effect on Nigerian economy: an empirical analysis»Econometrics analysis of gross national income on consumption expenditure of federal republic of Nigeria between (2011)»Statistical analysis of factors affecting crime in Imo state»Statistical study of the queuing pattern at the antinatal division of Federal Medical Center FMC Owerri Imo state»A statistical analysis of coal production in Nigeria - a case study of Nigeria coal corporation from 2000-2009