Real Exchange Rate Volatility, Economic Growth and International Trade in an Emerging Market Economy: Evidence from Nigeria

摘要: This study examined the long-run and short-run impacts of real exchange rate volatility level economic growth on international trade in Nigeria using a vector error correction model time series annual data from 1971 to 2012. The results revealed that both long-run, exports imports were chiefly influenced by rate, volatility, foreign income, gross domestic product, terms changes policies. findings further depressed long-run. result pair wise Granger causality test unidirectional running export import flow RGDP exports. is an indication poor performance sector over dependence country imported goods. statistical significance income product indications tariff measures would be ineffective as believed effective substitution industrialization significantly reduce pressure external will actually increase activities hence recommends use supportive fiscal monetary policies provide set incentives aimed at removing anti-export bias barriers so promote exports, particularly non-oil discourage consumer goods stabilize rate.