TY  - JOUR
T1  - Do Trade Balances Adjust to Exchange Rate Shocks? An Enquiry Evidence of J-Curve in Nigeria
AU - M. Oyinlola, Abimbola AU - A. Adeniyi, Oluwatosin AU - A. Omisakin, Olusegun 
JO  - The Social Sciences
VL  - 8
IS  - 1
SP  - 72
EP  - 79
PY  - 2013
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2013.72.79
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2013.72.79
KW  - autoregressive distributed lag
KW  -exchange rate
KW  -Trade balance
KW  -import
KW  -export
KW  -Nigeria
AB  - This study investigates the response of trade balance to exchange 
  rate changes in Nigeria. The long-run relationship between these variables is 
  explored using Engel-Granger Two-Stage, Johansen and the Autoregressive Distributed 
  Lag cointegration approaches on a data sample between 1980:Q1 and 2007:Q4. The 
  analyses show that there is only limited adjustment in the trade balance to 
  exchange rate shocks in both the short- and long-run. Apparently, trade balance 
  adjustment to exchange rate depreciation in Nigeria is prolonged. Although rightly 
  signed (negative), it appears that that the elasticities of demand for export 
  and import have not sufficiently adjusted to lead to improvement of trade balance 
  thereby failing to depict a J-curve.
ER  -