Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)

Dr. Onyeizugbe Chinedu Uzochukwu

Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)

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Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)

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Abstract

This study, exchange rate management and the survival of the industrial subsector of Nigeria, identifies weak productive base as a major problem facing the industrial sector. In view of the above problem, the objective of the study is to examine how devaluation of the naira affects the survival of the industrial subsector in Nigeria (1990Nigeria ( -2013) ) with the aim of proffering solutions of increased productivity in the economy. The study is anchored on balance of payment theory Secondary data used for this study were sourced from CBN statistical bulletin. Ordinary Least Square (OLS) regression method was used to examine the relationship between manufacturing capacity utilization (dependent variable) and exchange rate, export, GDP and inflation (independent variables). The result shows that manufacturing capacity utilization has positive relationship with exchange rate and export. The study recommends that manufacturing firms should embark on production of quality goods and the Government should encourage the development of local industrial subsector.

References

13 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Onyeizugbe Chinedu Uzochukwu. 2014. "Exchange Rate Management and the Survival of the Industrial Subsector of Nigeria (1990-2013)". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 14 (GJMBR Volume 14 Issue A10).

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GJMBR Volume 14 Issue A10

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-A Classification JEL Code: L00

Submission ReceivedDecember 16, 2013
Peer Review Double Blind
Handling Editor
Accepted January 3, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

December 20, 2014

Language

English

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Article Matrices

Total Score: 107

Country: Nigeria

Subject: Global Journal of Management and Business Research - A: Administration & Management

Authors: Dr. Onyeizugbe Chinedu Uzochukwu, Umeagugesi Uchenna Emmanuel (PhD/Dr. count: 1)

View Count (all-time): 358

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Publish Date: 2014 01, Wed

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