International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
International Journal of Financial Management and Economics
Vol. 2, Issue 2 (2019)

Asymmetric cointegration and threshold adjustment between exchange rate and non-crude oil exports in Nigeria


Aliyu Alhaji Jibrilla

This paper empirically examines the long-run pass-through of the official exchange rate into non-crude oil exports in Nigeria utilizing threshold cointegration and asymmetric error-correction modeling for the sample period from June 1996M01 to December 2018M12. The study provides evidence for nonlinear cointegration between exchange rates and non-crude oil exports, in a form of upward rigidity. This finding shows that the response of non-crude oil exports to any decrease in the official exchange rate is faster than its response when there is a fall in the value of the domestic currency.
Pages : 55-58 | 152 Views | 74 Downloads
How to cite this article:
Aliyu Alhaji Jibrilla. Asymmetric cointegration and threshold adjustment between exchange rate and non-crude oil exports in Nigeria. International Journal of Financial Management and Economics. 2019; 2(2): 55-58.
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