mixed material bibliography Jakarta Binus University May 2016

p. 9 - 16 Article investigated trade foreign exchange nexus in Nigeria. This study was also done with a view to detecting the kind of relationship that exists between the two and also to investigate their co-integration. Annual time series data for the period 1996 – 2010 was used for the study. The Vector Correction Model (VECM) approach was employed to determine both the short and long run relationships. Results show that the series becomes stationary after second difference. The co–integration test reveals five co–integrating vectors in the model, implying the variables have the same stochastic drift. The study concludes that a long-term relationship exists between foreign trade and exchange rates implying that foreign trade flows have a strong link with exchange rates in Nigeria.<br> 20871228 Perpustakaan - Sekolah Tinggi Manajemen PPM Pusat Informasi Manajemen 48265 2018-04-09 00:00:00 2018-04-09 00:00:00 machine generated