Price, Exchange Rate Volatility and Nigeria's Agricultural Trade Flows: a Dynamic Analysis

A.A. Adubi and F. Okunmadewa

Working Papers from African Economic Research Consortium

Abstract: One of the most dramatic events in Nigeria over the past decade was the devaluation of the Nigerian naira with the adoption of a structural adjustment programme (SAP) in 1986. A cardinal objective of the SAP was the restructuring of the production base of the economy with a positive bias for the production of agricultural exports. The foreign exchange reforms that facilitated a cumulative depreciation of the effective exchange rate were expected to increase the domestic prices of agricultural exports and therefore boost domestic production.

Keywords: PRICES; EXCHANGE RATE; AFRICA (search for similar items in EconPapers)
JEL-codes: F31 E31 O55 (search for similar items in EconPapers)
Date: 1999

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Persistent link: http://EconPapers.repec.org/RePEc:fth:afrirc:87

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