{"id":8246,"date":"2024-07-26T09:02:49","date_gmt":"2024-07-26T09:02:49","guid":{"rendered":"https:\/\/seybold-report.com\/?page_id=8246"},"modified":"2024-07-27T10:15:37","modified_gmt":"2024-07-27T10:15:37","slug":"jiakponna","status":"publish","type":"page","link":"https:\/\/seybold-report.com\/index.php\/jiakponna\/","title":{"rendered":"Jiakponna"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8246\" class=\"elementor elementor-8246\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ebc30ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ebc30ae\" 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-67c9e11\" data-id=\"67c9e11\" 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-2ba48f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ba48f3\" 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-278ec4c\" data-id=\"278ec4c\" 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-29a3e44 elementor-widget elementor-widget-text-editor\" data-id=\"29a3e44\" 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><p><a href=\"https:\/\/seybold-report.com\/\"><strong>IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN SUB-SAHARAN AFRICAN COUNTRIES<\/strong><\/a><\/p><p><strong>AUTHORS:\u00a0 \u00a0 \u00a0<\/strong><\/p><p><strong>Jiakponna\u00a0 Maureen Chinyere, Okonkwo Chigozie Christian , Onwumere .J.U.J , Okwor Emmanuel Ejimnkonye \u00a0, Emeter Patrick , Jiakponna Chinedu Sunday \u00a0<\/strong><\/p><p><strong>DOI<\/strong>:\u00a0 <a href=\"https:\/\/doi-ojs.org\/10-5110-77-1708\/\">10.5110\/77. 1708\u00a0 \u00a0<\/a> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Page:\u00a0 \u00a0138-174<\/strong>\u00a0 \u00a0 \u00a0 \u00a0\u00a0<strong>\u00a0Vol:<\/strong> 19\u00a0 \u00a0 <strong>Issue:<\/strong> 07\u00a0 <strong>Year:<\/strong> 2024<\/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 level of fluctuation in exchange rates has prompted scholars and decision-makers to examine the kind and scope of exchange rate movements&#8217; effects on economic growth. The influence of exchange rate volatility on the economic growth of the SSA countries was examined using annualized panel data for the years 2000\u20132022, with real gross domestic product as the dependent variables for a robust analysis. The study included terms of trade and interest rate as control variables in accordance with the Mundell-Flieming framework, with exchange rate volatility serving as the main independent variable. The World Development Indicators provided the data used in the study. To compute exchange rate, this study applied the GARCH (1,1) model. The unit root tests employed were the Levin, Lin and Chu (2002) and Im, Pesaran and Shin (2003). The unit root tests showed that the panel data employed for the study were statistionary at level, hence the panel lest squares based on the fixed effect and random effect was adopted for the estimation. From the analysis, it was observed that exchange rate volatility exerted a negative and statistically significant on real gross domestic product and RGDP growth rate. This implied that exchange rate volatility caused a considerable decline in real GDP growth. As a result, this study recommended that governments of SSA countries formulate policies that would help to diversify their respective economies for higher domestic production that would in turn discourage high import of goods and services.<\/p><p><strong>\u00a0<\/strong><strong>Keywords:<\/strong><\/p><p>Volatility, Garch model, Exchange rate, GDP, Interest rate.<\/p><p><a href=\"#\"><strong>Received<\/strong>:<\/a> 04 July 2024<\/p><p><a href=\"#\"><strong>Accepted:<\/strong><\/a> 19 July 2024<\/p><p><a href=\"#\"> <strong>Published:<\/strong><\/a> 26 July 2024<\/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-b1a3c77 elementor-widget elementor-widget-button\" data-id=\"b1a3c77\" 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\/2024\/07\/Okwor-Emmanuel-Ejimnkonye62.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\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN SUB-SAHARAN AFRICAN COUNTRIES AUTHORS:\u00a0 \u00a0 \u00a0 Jiakponna\u00a0 Maureen Chinyere, Okonkwo Chigozie Christian , Onwumere .J.U.J , Okwor Emmanuel Ejimnkonye \u00a0, Emeter Patrick , Jiakponna Chinedu Sunday \u00a0 DOI:\u00a0 10.5110\/77. 1708\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Page:\u00a0 \u00a0138-174\u00a0 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/seybold-report.com\/index.php\/jiakponna\/\"> <span class=\"screen-reader-text\">Jiakponna<\/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-8246","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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