Sumerianz Journal of Economics and Finance
Online ISSN: 2617-6947
Print ISSN: 2617-7641
Quarterly Published (4 Issues Per Year)
Journal Website: https://www.sumerianz.com/?ic=journal-home&journal=26Archive
Volume 2 Issue 1 (2019)
A Causality Test of Exchange Rate and International Trade Volume in Nigeria
Authors : Eru Eka John ; George Yebimodei Esther ; Kalu Ebere Ume
Abstract:The study examined the causal relationship between exchange rate and trade volume in Nigeria from 1995 to 2014 with a major objective of determining the relationship between exchange rate and international trade. Using Annualized time series drawn from the from World Bank Databank for covering the period 1995 to 2014, it was established that a unidirectional causality exist between exchange rate and net export. A unidirectional causality was also found running from import to export without feedback. It can therefore be concluded that an effective and efficient exchange rate policy is an essential ingredient for enhancing the trade volume of a country like Nigeria.
Pages: 17-21
Solidary Model of Development of Society
Authors : Sergey A. Surkov ; Ellen G. Trofimova
Abstract:The results of the study of different approaches to the formation of the model of the economy in different countries are presented. Socialist economy with elements of state capitalism, the social-democratic model, the socialist economy "with self-reliance" and two examples of countries with a share of the solidary economy are considered. The used approach of summation of the allocated economic indicators of development of the countries has shown good agreement with real data on GDP per capita. It is recommended to extend the use of the solidarity economy.
Pages: 7-16
External Debts and Real Exchange Rates in Developing Countries: Evidence from Chad
Authors : Kouladoum Jean-Claude ; Dombou T. Dany R.
Abstract:The objective of this work is to analyze the effect of external debt on the real exchange rate in Chad from 1975 to 2014. The generalized method of moments is used. Findings show that external debt positively and significantly affect the real exchange rates at 5% significant level. Moreover, debt servicing affects negatively and significantly real exchange rate. The main recommendation goes to Chadian government; it should adopt a budgetary policy, in such a way to reorient its debt towards economic sectors that are able to boost economic growth; and reinforce strategies that contribute to re-equilibrate industrial activities.
Pages: 1-6