Effects Of External Reserves On Macro Economic Stability Of Nigeria

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11 June(2019).pdf (2.31 MB)

Date

2019-06-11

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Department of Accounting, Faculty Of Administration, Nasarawa State University, Keffi

Abstract

The need to account for the effect of external reserves has generated a lot of argument around the world as to where it is necessary for nation to account for external reserve or not. Thus study examines the effect of external reserves on the macro-economic stability of Nigeria. For the period of thirty-two years from 1985 to 2017. The dependent variables were GDP, Exchange rate, inflation rate and unemployment rate while the independent variable is the external reserves. The ordinary least squares was used to analyse the data, and the results showed that the external reserves have effect on unemployment rate, inflation rate, exchange rate and GDP. Therefore the study concludes that external reserves have effect on Macro- economic stability of Nigeria. The study recommends among others that the Federal Government should diversity her revenue base to Agriculture, Hospitality and tourism sectors among other sectors in order to remain stable even when there is financial and economic crisis around the world.

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Keywords

External reserves, Unemployment rate, Inflation rate, Exchange rate and GDP

Citation

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https://keffi.nsuk.edu.ng/handle/20.500.14448/747

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