Analysis of the Relationship between Interest Rate, Exchange Rate and Economic Growth in Nigeria
Nwikina Christian Gbarawae,
THANKGOD TONYE TONYE
Abstract:This study analyses the relationship between interest rate, exchange rate and economic growth in Nigeria spanning from 1980-2022. Data for the study were obtained from World Development Indicators. The study undertook unit root test using the Augmented Dickey Fuller (ADF) method. Consequently, based on the outcome of the ADF result, the research used Auto-regressive Distributive Lag (ARDL) model to determine the existence of a long-run interactive relationship between interest rate, exchange rate, and economic… Show more
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