Empirical Investigations of Direction of Causality among Exchange Rates of Naira to Some Foreign Currencies
Asian Journal of Probability and Statistics · pp. 31–42 · Published 10 Jun 2022
10.9734/ajpas/2022/v18i130435Abstract
The aim of this paper is to examine the direction of causality among some exchange rate of Nigeria Naira to US Dollar, Pounds Sterling and Euro. It made use of a time series data from the year 2005 to 2014. Toda and Yamamoto [1] procedure was used in analyzing the data. Augmented Dickey-Fuller, KPSS unit root test, the VAR selection method, Error correction model and Granger causality test based on Toda-Yamamoto procedure were used in this study as methods of analysis. The empirical analysis provides enough grounds to conclude that no causality relationship exists between the exchange rates.
Cited by 0
No indexed citations yet.
Related research
- Effects of Climate Change, Poverty and Macroeconomic Policies on Agricultural Trade Performance in Nigeria — shares topic coverage
- Coffee in Indian Economy: Performance and Prospects — shares topic coverage
- Impact of Nigerian Petroleum Oil Production on Nigerian Economy: Cointegration and Error Correction Model Analysis — shares topic coverage
- Why the Persistent Increase in Ghana’s Rice Imports? Prescriptions for Future Rice Policy — shares topic coverage
- Agriculture in Place of Crude Oil Production as an Alternative Income Earner for Nigeria: A Cointegration Analysis Approach — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
0
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.