EVIEWS 10 ATAN SERIES DATA SOURCED

Eviews 10 Atan Series Data Sourced

The conclusion was that real exchange rates had neither a significant effect nor a causal relationship with economic growth. Granger Causality results showed that no causal relationship existed between real exchange rates and economic growth under both fixed and real exchange rates regimes and for the whole period. Major findings were that real exchange rates had insignificant relationship with economic growth under the fixed exchange rates regime but had significant negative effect on economic growth significant negative relationship with savings and significant positive relationship with real interest rates under the free exchange rates regime. Ordinary least squares were employed to estimate the multiple regression models with the aid of Eviews application software for windows version 9, followed by Pairwise Granger causality test and robustness tests. The problem was that the real exchange rate of Naira was far from being competitive and was both unstable and unsustainable to the economic growth of Nigeria as it had neither substantially promoted exports nor reduced imports. Annual time series data sourced from World Development Indicators and Central Bank of Nigeria Statistical Bulletins were used in this study.

Table 1: Results of Unit Root. Effects of Exchange Rate Movements on Economic Growth in Nigeria. 2.5 Partial Identi cation In many cases we might be interested in identifying just a single shock and notand Johnson A. eviews 10 atan

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