Publication Date: 2021/06/11
Abstract: The research tries to answer the question “Does exchange rate fluctuation influence the gross domestic product (GDP)” as measure of economic growth in Nigeria for duration of 33 years (1986-2018). The investigation explicitly inspects the influence of exchange rate, import, export and government consumption on GDP to proxy economic growth. Autoregressive Distributed Lag model (ARDL) Bound test was utilized. The research discovers proof of long run connection between exchange rate fluctuation and GDP in Nigeria. The investigation further uncovers that exchange rate and government consumption have critical beneficial outcome on GDP; import has immaterial negative impact on GDP; export has irrelevant beneficial outcome on GDP. The research presumes that exchange rate fluctuation has critical impact on GDP in Nigeria. The research in this manner recommends that the public authority ought to present import lessening strategy that will settle the import-trade adjusts with the end goal that nearby merchandise can be very much embraced.
Keywords: Exchange Rate, Gross Domestic Product, Economic Growth, ARDL, Nigeria.
DOI: No DOI Available
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT21MAY575.pdf
REFERENCES