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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | FLUCTUATIONS OF EXCHANGE RATES AND LIVING STANDARD IN NIGERIA |
| Authors Name: | UKANGWA , ONYENZE |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_210849
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| Published Paper Id: | IJNRD2312323 |
| Published In: | Volume 8 Issue 12, December-2023 |
| DOI: | |
| Abstract: | The study looked at how Nigeria's standard of life was affected by changes in currency rates. The explanatory variables included exchange rate (EXCR), inflation (INF), interest rate (INTR), and money supply; secondary data covering the years 1990–2021 was used. The variables measuring standard of living were gross domestic product per capita (GDPPC), per capital income, and unemployment proxied standard of living. The stationarity of the variables was determined using unit root tests, and the parameters were estimated using Autoregressive Distributed Lag (ARDL) as they were integrated in the sequence of 1 and 0. The results show that there is a substantial long- and short-term association between Nigeria's GDP per capita, per capita income, and unemployment rate and fluctuations in exchange rates. This implies that changes in the currency rate have a significant impact on the level of life in Nigeria. Because the productive sector is the main driver of the economy and provides the essential commodities needed to produce goods and services, the study advised, among other things, that the government should enhance this sector in order to lower unemployment and raise living standards. They ought to make an effort to implement constructive economic changes designed to improve economic performance and lessen the negative effects of exchange rate swings regarding the living standards in Nigeria. |
| Keywords: | FLUCTUATIONS, EXCHANGE RATE, INFLATION RATE, INTEREST RATE, GDPPC, STATIONARITY, UNEMPLOYMENT, STANDARD OF LIVING |
| Cite Article: | "FLUCTUATIONS OF EXCHANGE RATES AND LIVING STANDARD IN NIGERIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 12, page no.d198-d218, December-2023, Available :http://www.ijnrd.org/papers/IJNRD2312323.pdf |
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| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2312323 Registration ID: 210849 Published In: Volume 8 Issue 12, December-2023 DOI (Digital Object Identifier): Page No: d198-d218 Country: -, -, India Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2312323 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2312323 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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