A BOUND TESTING ANALYSIS OF EXCHANGE RATE PASS- THROUGH TO AGGREGATE IMPORT PRICES IN NIGERIA: 1980-2006 | Zendy

Mutiu Abimbola Oyinlola | Zendy; Musibau Adetunji Babatunde | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

A BOUND TESTING ANALYSIS OF EXCHANGE RATE PASS- THROUGH TO AGGREGATE IMPORT PRICES IN NIGERIA: 1980-2006

Author(s) -

Mutiu Abimbola Oyinlola,

Musibau Adetunji Babatunde

Publication year - 2009

Publication title -

journal of economic development

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.178

H-Index - 3

eISSN - 2636-0578

pISSN - 0254-8372

DOI - 10.35866/caujed.2009.34.2.005

Subject(s) - economics , exchange rate , aggregate (composite) , econometrics , monetary economics , exchange rate pass through , international economics , macroeconomics , materials science , composite material

This paper examines the extent of pass-through of exchange rate into import prices for Nigeria between 1980 and 2006 using the recently developed UECM-Bounds test proposed by Pesaran et al. (2001). Empirical evidence reveals that world export prices has a dominant effect compared to exchange rate in explaining changes in Nigeriai¯s import prices in the short and long run. The major implication for our study therefore is that exogenous factors such as world export prices appeared to be more important determinants of domestic import prices than a countryi¯s exchange rate policies.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research