Balance of Payments: Nigerian Experience: 1960-2012

Shuaib, I. M.; Augustine, Odion; Frank, Alec

doi:10.9734/bjemt/2015/14638

Cited by 2 publications

(3 citation statements)

References 2 publications

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“…Nevertheless, the study suggested that policymakers should pay particular attention to domestic credit creation to improve Nigeria's BOP. These findings are consistent with the studies conducted by Umer et al (2010), (Shuaib et al, 2015;Tijani, 2014),…”

Section: Empirical Literaturesupporting

confidence: 94%

Balance of Payments as a Monetary Phenomenon: An ARDL Bounds Test Method for Algeria

Ghilous

Ziat

2023

Folia Oeconomica Stetinensia

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Research background Every country attempts to improve its balance of payments (BOP) position to enhance macroeconomic policy. Algeria, like many developing countries, is experiencing a BOP deficit. This raises concerns about the reasons for this deficit and prioritizes the quest for potential answers. Purpose In the context of the Monetary Approach to the balance of payments (MABP), this paper investigates the long-run relationship between domestic credit, inflation, interest rate, GDP, and net foreign assets to find whether BOP is a monetary phenomenon in Algeria from 1980 to 2019. Research methodology: The Autoregressive Distributed Lag (ARDL) bounds test, combined with the critical approximation p-values of Kripfganz and Schneider (2020), has been applied. Results The findings clearly showed a long-run relationship among the variables. The long-run estimates strongly supported MABP propositions, and domestic credit had a negative and statistically significant influence on net foreign assets. This suggests that Algeria’s BOP is a monetary phenomenon, and excess money supply played a crucial role in Algeria’s balance of payments disequilibrium. Novelty The contribution of this paper is the use of the ARDL bounds test in combination with the novel critical approximation p-values of Kripfganz and Schneider (2020), which provided more robust results. This study could help monetary authorities to elaborate the suitable policies in dealing with BOP problems in Algeria.

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Section: Empirical Literaturesupporting

confidence: 94%

Balance of Payments as a Monetary Phenomenon: An ARDL Bounds Test Method for Algeria

Ghilous

Ziat

2023

Folia Oeconomica Stetinensia

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show abstract

“…The balance of payment is the difference in total value of payment coming into and going out of a country over a given period. Globalization and trade liberalization have made possible the production of goods and services which are subsequently sold in the world market (Shuaib, Augustine and Frank, 2015). As long as countries trade among themselves, there is bound to be a balance of payment account.…”

Section: Role Of Government Expenditure In the Balance Of Paymentmentioning

confidence: 99%

“…As long as countries trade among themselves, there is bound to be a balance of payment account. The balance of payment account is subdivided into current account; capital account and official financing (Shuaib et al, 2015). The balance of payment may be surplus, deficit and balanced.…”

Section: Role Of Government Expenditure In the Balance Of Paymentmentioning

confidence: 99%

The Impact of Federal Government Expenditure on Economic Growth in Nigeria (1981-2014)

Udoffia¹,

Godson²

2016

GJSS

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Balance of Payments: Nigerian Experience: 1960-2012

Cited by 2 publications

References 2 publications

Balance of Payments as a Monetary Phenomenon: An ARDL Bounds Test Method for Algeria

Balance of Payments as a Monetary Phenomenon: An ARDL Bounds Test Method for Algeria

The Impact of Federal Government Expenditure on Economic Growth in Nigeria (1981-2014)

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