An Empirical Assessment of the Real Exchange Rate and Poverty in Nigeria

Ben. U. Omojimite () and Victor E. Oriavwote ()
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Ben. U. Omojimite: Department of Economics Delta State University, Abraka
Victor E. Oriavwote: Department of Arts and Social Sciences, Delta State Polytechnic, Otefe-Oghara

Asian Economic and Financial Review, 2012, vol. 2, issue 1, pages 244-254

Abstract: 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.

Keywords: Real Exchange Rate; Poverty; Absorption; Human Capital Development and Vector Error Correction Model (search for similar items in EconPapers)
JEL-codes: C32 I32 F31 (search for similar items in EconPapers)
Date: 2012
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