Export Trade and Real Exchange Rate Dynamics in Sub-Saharan Africa: A Dynamic Panel Analysis

Kenneth Chikezie Anyalechi, Emeka Okereke and Ikechukwu S. Nnamdi
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Kenneth Chikezie Anyalechi: Department of Finance and Banking, University of Port Harcourt, Nigeria.
Emeka Okereke: Department of Finance and Banking, University of Port Harcourt, Nigeria.
Ikechukwu S. Nnamdi: Department of Finance and Banking, University of Port Harcourt, Nigeria.

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 9, 222-227

Abstract: The effect of exchange rate variation on international trade becomes one of the critical issues for economic policy makers. Debates around this issue come to the fore because there is no consensus on whether variations in exchange rate affect foreign trade activity. In this direction, Khosa, Botha and Pretorius, (2015) argued that a cursory look at raw data without in-depth analysis, makes it difficult to establish the nature of the relationship between exchange rate variations and trade, while lack of clarity on this subject increases the risk of improper planning by international trade partners as well as implementation of economic policies. Hence, real exchange rate is widely considered an important macroeconomic measure which underlies the adoption of certain economic policies (Kurtovic, Halili & Maxhuni, 2017; Hunegnaw, 2017). Even though the study in this area is not yet conclusive, there is a general consensus among professionals that exchange rate influences trade balance in the long run (Chaudhary, Hashmi & Khan, 2016).

Date: 2020
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