Deregulation of Foreign Exchange Market and the effect on Industrial Produce in Nigeria
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Publisher
Medwell Journals
Abstract
Description
The problem of the effect of high regulation in the foreig
n exchange market which in advertently
have a determining factor on the performance of business organizations most especially
industries in Nigeria. This paper deals with the effect of exchange rate deregulation on industrial
produce/manufacturing outpu
t in the Nigerian economy. This study also uses the econometric
approach in estimating the effect and to be specific it uses the co
-
integration and error
correction mechanism. The
paper started by laying a background for the work. Section 1 dwells
on the
statement of the problem, objectives, statement of hypotheses, significance of the study,
research questions and scope of the
study. Section
2 is mainly on the review of similar literatures
relating to foreign exchange policies per time, the trend, manage
ment and other matters relating
to foreign exchange.Setion 3
focuses
on
the research
methodology while Section 4 is the
presentation, analysis and interpretation of the regression result. Section 5 is the final and the
concluding part of the subject matter
which simply try to give conclusion and recommendation
on the entire work, as well as further readings for other researchers.
The paper concluded that
the major determinant of manufacturing output in the Nigerian economy is labour, capital and
exchange ra
tes
Keywords
HG Finance