IMPACT OF EXCHANGE RATE ON TOTAL EXPORT IN NIGERIA

Abstract

This study investigates the impact of exchange rate on total export in Nigeria using a time series data from 1981 to 2019. The study employs ordinary least square after cointegration suggests non-existence of long run convergence among the variables; Total Export (TEXPT), Exchange Rate (EXRATE), Oil refining (OILREF) and Trade Openness (TROPNESS). The findings of this study reveal positive and significant relationship between exchange rate and total export in the short-run. It also finds that oil refining and trade openness are positively and significantly related to total export. The study finally recommend authority to manage the dynamics in exchange rate not to distort other macroeconomic variables’ stability.