Exchange Rate Volatility and Standard of Living in Nigeria

Date

2023-09-19

Authors

Memeh, Kelechi

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Abstract

This research establishes a relationship between the volatility of the exchange rate in Nigeria and the standard of living; this relationship is represented by household consumption, that is, by household consumption expenditure per capita. To establish this relationship, I employed a linear regression model using the Ordinary Least Squares estimation technique. Household consumption, inflation, per capita income and exchange rate are variables used in my research. The results of the regression show that exchange rate and per capita income have a positive relationship with household consumption; and by extension, standard of living. Inflation however has a negative result with household consumption.

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Keywords

Economics, exchange rate, standard of living, regression, economic analysis, consumption

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