{"id":4183,"date":"2023-12-09T15:27:26","date_gmt":"2023-12-09T15:27:26","guid":{"rendered":"https:\/\/seybold-report.com\/?page_id=4183"},"modified":"2023-12-13T16:24:15","modified_gmt":"2023-12-13T16:24:15","slug":"onyeanu128-2","status":"publish","type":"page","link":"https:\/\/seybold-report.com\/index.php\/onyeanu128-2\/","title":{"rendered":"Onyeanu128"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4183\" class=\"elementor elementor-4183\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28f833a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28f833a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20337fe\" data-id=\"20337fe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7434118 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7434118\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-118b8e2\" data-id=\"118b8e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86a1c9c elementor-widget elementor-widget-text-editor\" data-id=\"86a1c9c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h5><strong>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/h5><h5><a href=\"https:\/\/seybold-report.com\/\"><strong>Exchange Rate Fluctuations and Inflation on Economic Development in Nigeria: The Economic, HEART of a Nation<\/strong><\/a><\/h5><p><strong>AUTHORS:\u00a0 \u00a0 \u00a0<\/strong><\/p><p><strong>Odoh, Cletus Okwuchukwu, <\/strong><strong>Dr. Edith, Ogoegbunam Onyeanu <\/strong><\/p><p><strong>DOI<\/strong>:\u00a0<a href=\"https:\/\/doi-ojs.org\/10-5110-77-1082\/\"> 10.5110\/77. 1082\u00a0<\/a> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Page:\u00a0 \u00a046-64<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>\u00a0Vol:<\/strong> 18\u00a0 \u00a0 <strong>Issue:<\/strong> 10\u00a0 \u00a0<strong>Year:<\/strong> 2023<\/p><p><img decoding=\"async\" class=\"alignnone wp-image-3235\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png\" alt=\"creative commons, cc, character-785334.jpg\" width=\"26\" height=\"26\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-1022x1024.png 1022w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-150x150.png 150w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-768x769.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334.png 1278w\" sizes=\"(max-width: 26px) 100vw, 26px\" \/>\u00a0 \u00a0<img decoding=\"async\" class=\"alignnone size-medium wp-image-1242\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png\" alt=\"\" width=\"300\" height=\"14\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-768x36.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616.png 900w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><p><strong>ABSTRACT<\/strong><\/p><p>The peculiarities of these crucial factors, exchange rate fluctuations, inflation, and economic growth in developing economies\/nations, particularly Nigeria, keep the relationship between these variables at the forefront of economic discussion. There is little to no literature on Nigeria\u2019s exchange rates, inflation, and economic growth. Because of the current exchange rate instability and Nigeria\u2019s frighteningly high inflation rate, a study of this nature is essential to ascertain the influence of exchange rate fluctuations and inflation on economic growth in Nigeria. This article examined the impact of exchange rate fluctuation on the country\u2019s inflation\u2013growth nexus from 1990 to 2022. Based on the outcome of the bond test, the short-run ARDL model was applied to test all two hypotheses. The study\u2019s results demonstrated that inflation and exchange rate fluctuation harm the nation\u2019s economic growth. The higher the volatility in the exchange rate, the worse the inflationary-growth relationship of the country. The real exchange rate coefficient demonstrates, on the other hand, established a positive relationship between the exchange rate and employment growth rate. Theoretically, while maintaining the influence of all other significant variables constant, a 1% increase in Nigeria\u2019s exchange rate will lead to a 4.77% increase in the employment growth rate. The result supports the menu cost theory of price setting, which states that the exchange rate pass-through effect occurs more quickly with a higher inflation rate. Therefore, to fulfill their commitments under Nigeria\u2019s monetary policy, the monetary authorities should ensure that the adverse effects of exchange rate imbalances on economic growth are handled by suitable measures and with the necessary political will.<\/p><p><strong>Keywords:<\/strong><\/p><p>HEART of a Nation, exchange rate fluctuation, economic growth, inflation; ARDL model<\/p><p><a href=\"#\"><strong>Received<\/strong>:<\/a> 16 November 2023<\/p><p><a href=\"#\"><strong>Accepted:<\/strong><\/a> 04 December 2023<\/p><p><a href=\"#\"> <strong>Published:<\/strong><\/a> 12 December 2023<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8deceb elementor-widget elementor-widget-button\" data-id=\"c8deceb\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/12\/Onyeanu128rev1.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-left\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">PDF<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cccc9b6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cccc9b6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-834acb4\" data-id=\"834acb4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51fd096 elementor-widget elementor-widget-image\" data-id=\"51fd096\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/ddds-e1688811920951-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail wp-image-2318\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Exchange Rate Fluctuations and Inflation on Economic Development in Nigeria: The Economic, HEART of a Nation AUTHORS:\u00a0 \u00a0 \u00a0 Odoh, Cletus Okwuchukwu, Dr. Edith, Ogoegbunam Onyeanu DOI:\u00a0 10.5110\/77. 1082\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Page:\u00a0 \u00a046-64\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0Vol: 18\u00a0 \u00a0 Issue: 10\u00a0 \u00a0Year: &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/seybold-report.com\/index.php\/onyeanu128-2\/\"> <span class=\"screen-reader-text\">Onyeanu128<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"class_list":["post-4183","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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