Responsiveness of selected agricutural export commodities to exchange rate devaluation in Nigeria: an econometric analysis

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dc.contributor.authorPhillip, Dayo O.A.
dc.date.accessioned2018-10-16T13:07:46Z
dc.date.available2018-10-16T13:07:46Z
dc.date.issued1996-06
dc.description.abstractThe key focus of this paper was to estimate the responsiveness of selected agricultural export commodities to changes in the exchange rate in Nigeria over the 1974-92 sample period. This study was considered as relevant and topical to the exchange rate liberalisation adopted in 1986, which was intended in part to diversify the export base of the country. The results obtained suggests that, with the exception of natural rubber, the export elasticities for the commodities studied (cocoa, palm kernels, and processed/semi-processed products) were generally of low order even in the longrun. The low elasticity estimates were interpreted as suggesting potentially limited volume of agricultural export earnings in response to the devaluation of the local currency (The Naira). The need to periodically revise these estimates in the light of new information about agricultural tradables was emphasized.en_US
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dc.description.provenanceMade available in DSpace on 2018-10-16T13:07:46Z (GMT). No. of bitstreams: 1 Responsiveness of selected agricultural export commodities to exchange rate devaluation in nigeria.pdf: 135649 bytes, checksum: 549072643d943678cacc7410cc9c1a0e (MD5) Previous issue date: 1996-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationPhillip, D.O.A, (1996). Responsiveness of selected agricutural export commodities to exchange rate devaluation in Nigeria: an econometric analysis. Economic and Financial Review, 34(2), 571-578en_US
dc.identifier.issn1957 - 2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/364
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 34;No. 2
dc.subjectAgricultureen_US
dc.subjectAgricultural Export Commoditiesen_US
dc.subjectExchange Rateen_US
dc.subjectExchange Rate Devaluationen_US
dc.subjectEconometric Analysisen_US
dc.subjectNigerian Agricultural Sectoren_US
dc.subjectExchange Rate Policyen_US
dc.subjectStructural Adjustment Programmeen_US
dc.titleResponsiveness of selected agricutural export commodities to exchange rate devaluation in Nigeria: an econometric analysisen_US
dc.typeArticleen_US

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