REAL EXCHANGE RATE AND SECTORAL EMPLOYMENT IN NIGERIA: An Empirical Analysis of Agriculture, Manufacturing and Service Sectors

Author: Abiodun O. Folawewo & Adeniyi Jimmy Adedokun
Year:2012

Abstract: This study examines empirically via two channels the impact of real exchange rate on sectoral employment in Nigeria between 1970 and 2010. The study focuses on three main sectors of the economy agriculture, manufacturing and services. The results of the empirical analysis indicate that among the three sectors, the manufacturing sector feels the greatest effect of real exchange rate adjustments. Specifically, the results show that the rate of adjustment of manufacturing sector employment to changes in real exchange rate is faster than those of the agricultural and services sectors. The findings of the study have important implications for employment generation in Nigeria thereby suggesting the need for proper management of the naira exchange rate, and the need for a well developed manufacturing sector.

2013-03-16
Visits : 402

ANNOUNCEMENT! ANNOUNCEMENT!! ANNOUNCEMENT!!! NES 2024 Annual Conference Change of Date - Update The Nigerian Economic Society wishes to inform its members and the general public of change in the dates of the NES 65TH ANNUAL CONFERENCE Venue: Shehu Musa Yar'Adua Conference Centre, Memorial Drive, CBD, Abuja Date: Tuesday, 3rd September to Thursday, 5th September, 2024 Thank you

The Nigerian Journal of Economic and Social Studies (NJESS) is a general-interest economics and social studies journal. The NJESS is the nation's oldest and most respected international scholarly journal in the economics profession and is celebrating over 50 years of publishing.

65th ANNUAL CONFERENCE ANNOUNCEMENT Date: 3rd - 5th September, 2024 Venue: Shehu Musa Yar'Adua Conference Centre, Memorial Drive, CBD, Abuja Conference Theme: Socio-Economic Development in Nigeria: Imperatives, Implications & Impacts. CALL FOR ABSTRACTS

Membership of the Society is open to any graduate of economics or allied subjects (Nigerians and non-Nigerians), or anyone adjudged to be sufficiently knowledgeable in Economics or allied subjects by the National Executive Council is eligible for admission into the Society on application.

The Nigerian Economic Society (NES) has established a Mentorship Programme to offer guidance, career development and knowledge transfer for early career economists. The NES Mentorship Programme serves as a framework to bridge the gap between emerging economists and experienced economists by facilitating meaningful connections, knowledge sharing, and professional development opportunities. The programme aims to empower early-career economists with the tools, resources, and support they need to thrive in their chosen careers and make valuable contributions to the field of economics. Link to application form: https://forms.gle/fgbBHQZRQdxHBRLZ9