Title:
EXCHANGE RATE REFORMS AND EXPORT PRICE COMPETITIVENESS IN NIGERIA (2008–2020)

Authors:
Akinboyo Alexander Akintomide, Nigeria

Abstract:

This study set out to empirically examine the impact of the various exchange rate reforms in Nigeria with a view to determining whether or not the country’s exchange rate policy regime has significant influence on the export price competitiveness of the country.  The study employed the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The evidence from this study supports the proposition that exchange rate reforms were important in improving the export competitiveness of Nigeria, especially during the era of managed exchange rate regime, spanning 1986-2015.  However, the findings also show that exchange rate reforms alone, is not sufficient for export competitiveness to be attained.