Dynamic Competitiveness of Foreign and Domestic Price: Evidence from an Autoregressive Dynamic Model

Mustapha M. Abdullahi, Mansur Abdullahi and Maryam Bala Adamu
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Mustapha M. Abdullahi: Department of Economics, Federal University, Gusau, Nigeria
Mansur Abdullahi: Department of Economics, Federal University, Gusau, Nigeria
Maryam Bala Adamu: Distance Learning Centre, Ahmadu Bello University, Zaria, Nigeria

Economic Analysis Letters, 2024, vol. 3, issue 4, 1-8

Abstract: Nigeria, as an import-dependent economy, has seen its inflation rate rise over the years, which might be ascribed to structural causes and imported consumer products. The Autoregressive distributed lag model was used to determine the competitiveness of domestic and foreign prices. In the short run, domestic and international pricing complement each other, but in the long run, they may achieve some level of competitiveness. The currency rate has a considerable and beneficial impact on consumer spending. The result could also be explained by customers' high desire for foreign items.

Keywords: Inflation Rate; Import; Domestic Prices; Foreign Prices; Currency Rate (search for similar items in EconPapers)
Date: 2024
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