An Empirical Assessment of the Real Exchange Rate and Poverty in Nigeria
Ben. U. Omojimite () and
Victor E. Oriavwote ()
Additional contact information Ben. U. Omojimite: Department of Economics Delta State University, Abraka
Victor E. Oriavwote: Department of Arts and Social Sciences, Delta State Polytechnic, Otefe-Oghara
This paper investigated the influence of the real exchange rate on poverty within the framework of a dependent economy model. Using data covering 1980 to 2010, the result of a Vector Error Correction model (VECM) showed that the volatility of the real exchange rate has significant influence on the level of poverty in Nigeria. Thus, government policies that targets real exchange rate could play significant role in reducing the level of poverty in Nigeria, particularly if supported by basic institutions, such as those of human capital development.
Asian Economic and Financial Review is edited by Qazi Muhammad Adnan Hye
More articles in Asian Economic and Financial Review from Asian Economic and Social Society Address: Sadeeq Block, Near Fawara Chowk, Abbasia Town, Rahim Yar Khan - 64200, Punjab, Pakistan Series data maintained by Qazi Muhammad Imran ().