AshEse Journal of Economics
Vol. 1(4), pp. 057-073, November, 2015
© 2015 AshEse Visionary Limited
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.
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