TRADE FLOWS AND EXCHANGE RATE SHOCKS IN NIGERIA: AN EMPIRICAL RESULT
作者： David Umoru , S. Oseme
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摘要: In this paper, we explored the J-curve effect based on Nigerian data by adopting vector error correction methodology. The results of study indicated a cyclical feedback between trade balance and real exchange rate depreciation Naira. However, analysis finds no empirical evidence in favour short-run deterioration as implied Jcurve hypothesis. Rather, what is empirically supported shocks. As it were, shock will initially improve then worsen country’s aggregate balance. instant improvement which correlated with provides support for hypothesis Hence, predictions are not observable Nigeria.
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