Impact of exchange rate volatility on net-export in selected West African countries

AshEse Journal of Economics

Vol. 1(4), pp. 057-073, November, 2015

ISSN 2396-8966

© 2015 AshEse Visionary Limited 

 

Review

Joseph Tchokote1*, Melugwo Emmanuel Uche2, Yusuf Hammed Agboola3

1Department of Economics, University of Uyo, Uyo, Akwa Ibom State, Nigeria.

2Department of Economics, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.

3Department of Economics, University of Uyo, Uyo, Akwa Ibom State, Nigeria.

*Corresponding author. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.Tel: +234 806 2492 647

Received March, 2015; Accepted October, 2015.

 

This main thrust of this study is the estimation of the impact of exchange rate volatility on net-export in some selected West African countries. We draw a sample of West African economies namely Nigeria, Cote d’Ivoire, Gambia, Ghana and Togo and utilize the Johansen co-integration technique to determine the level of impact. The results of the analysis suggests that  there is a long run relationship between net-export, exchange rate volatility, foreign income, relative price, and index of openness for all the countries. In particular, exchange rate volatility depresses net-export in Cote d’Ivoire, but its effect in Nigeria, Gambia, Ghana and Togo seems to be growth enhancing. The study recommends that stability in exchange rate system and lower volatility are desirable to promote higher export in these countries.  

 

Key words: Exchange rate volatility, Net-export, Co-integration techniques, Selected West African countries

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