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November 2012 Vol. 1 Issue
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Usman OA
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Global Advanced
Research Journal of Economics, Accounting and Finance
November 2012 Vol. 1(1), pp. 001-008
Copyright © 2012 Global Advanced
Research Journals
Full Length Research Paper
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The effects of
foreign exchange regimes on industrial growth in
Nigeria
Owolabi A. Usman
and Adegbite Tajudeen Adejare
Department of
Management And Accounting, Ladoke Akintola
University of Technology, Ogbomoso.
Corresponding author Email:
adetajud@yahoo.com
Accepted 02 November, 2012
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Abstract |
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The study empirically examines the Effect of Foreign
Exchange Regimes on Industrial Growth in Nigeria, in
line with the objectives of this study, secondary
data were obtained from Central Bank of
Nigeria Statistical Bulletin covering the period of
1985 to 2005.In concluding the analysis, multiple
regressions were employed to analyze data on such
variables as Gross Domestic Product, World Price
Index, Per Capita Income, and Net Export. Exchange
rate (broadly define, narrowly define and quasi
money) were all found to have significant effects on
the Economics Growth with the Adjusted R2
of 69%. Following the outcome of this study, it is
therefore concluded that the effect of using Foreign
exchange, World Price Index, Per Capita Income, and
Net Export as an inducement for greater performance
for stable economic growth and are capable of giving
stability in prices for manufactured goods.
Keywords: Foreign Exchange; Real Growth;
Nigeria Economy.
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