{"id":"https://openalex.org/W7225464294","doi":"https://doi.org/10.64726/c52tpd33","title":"Macroeconomic stability, exchange rate dynamics, and economic growth in Nigeria: An autoregressive distributed lag (ARDL) analysis, 1980\u20132024","display_name":"Macroeconomic stability, exchange rate dynamics, and economic growth in Nigeria: An autoregressive distributed lag (ARDL) analysis, 1980\u20132024","publication_year":2026,"publication_date":"2026-11-07","ids":{"openalex":"https://openalex.org/W7225464294","doi":"https://doi.org/10.64726/c52tpd33"},"language":"en","primary_location":{"id":"doi:10.64726/c52tpd33","doi":"https://doi.org/10.64726/c52tpd33","is_oa":true,"landing_page_url":"https://doi.org/10.64726/c52tpd33","pdf_url":"https://akasa.com.ng/ojs/index.php/journal/article/download/819/905","source":{"id":"https://openalex.org/S7407057061","display_name":"Aminu Kano Academic Scholars Association Multidisciplinary Journal","issn_l":"3093-0421","issn":["3093-0421"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Aminu Kano Academic Scholars Association Multidisciplinary Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://akasa.com.ng/ojs/index.php/journal/article/download/819/905","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5161242900","display_name":"Ojevwe Theresa Akroh","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273746","display_name":"College of Education Warri","ror":"https://ror.org/00cxaa614","country_code":"NG","type":"education","lineage":["https://openalex.org/I4405273746"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Ojevwe Theresa Akroh","raw_affiliation_strings":["Department of Economics College of Education Warri, Delta State"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics College of Education Warri, Delta State","institution_ids":["https://openalex.org/I4405273746"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5148413643","display_name":"Uruemu Helen","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273746","display_name":"College of Education Warri","ror":"https://ror.org/00cxaa614","country_code":"NG","type":"education","lineage":["https://openalex.org/I4405273746"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Uruemu Helen Ibori","raw_affiliation_strings":["Department of Economics College of Education Warri, Delta State"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics College of Education Warri, Delta State","institution_ids":["https://openalex.org/I4405273746"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4405273746"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"6","issue":"3","first_page":"53","last_page":"64"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/macroeconomic-stability","display_name":"macroeconomic stability","score":1.0},{"id":"https://openalex.org/keywords/exchange-rate-dynamics","display_name":"exchange rate dynamics","score":0.9850000143051147},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9950000047683716},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.7749999761581421},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.6990000009536743},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.7699999809265137},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.9990000128746033},{"id":"https://openalex.org/keywords/exchange-rate-management","display_name":"exchange rate management","score":0.9210000038146973},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.6299999952316284},{"id":"https://openalex.org/keywords/long-run-and-short-run-effects","display_name":"short-run and long-run effects","score":0.7609999775886536}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8111000061035156},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.7419000267982483},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6909999847412109},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.6618000268936157},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6283000111579895},{"id":"https://openalex.org/C2779971977","wikidata":"https://www.wikidata.org/wiki/Q842206","display_name":"Money supply","level":3,"score":0.6148999929428101},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5511000156402588},{"id":"https://openalex.org/C159877910","wikidata":"https://www.wikidata.org/wiki/Q2202883","display_name":"Autoregressive model","level":2,"score":0.505299985408783},{"id":"https://openalex.org/C75778745","wikidata":"https://www.wikidata.org/wiki/Q342626","display_name":"Lag","level":2,"score":0.45969998836517334},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4449000060558319},{"id":"https://openalex.org/C2778908629","wikidata":"https://www.wikidata.org/wiki/Q4391528","display_name":"Effective exchange rate","level":3,"score":0.3865000009536743},{"id":"https://openalex.org/C2781395280","wikidata":"https://www.wikidata.org/wiki/Q5419548","display_name":"Exchange-rate flexibility","level":4,"score":0.3709000051021576},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.3628000020980835},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3587000072002411},{"id":"https://openalex.org/C55986821","wikidata":"https://www.wikidata.org/wiki/Q1188791","display_name":"Macroeconomic model","level":2,"score":0.3580999970436096},{"id":"https://openalex.org/C2778210481","wikidata":"https://www.wikidata.org/wiki/Q4972003","display_name":"Broad money","level":3,"score":0.3569999933242798},{"id":"https://openalex.org/C2776436953","wikidata":"https://www.wikidata.org/wiki/Q5163215","display_name":"Consistency (knowledge bases)","level":2,"score":0.34119999408721924},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.33869999647140503},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.329800009727478},{"id":"https://openalex.org/C2983848023","wikidata":"https://www.wikidata.org/wiki/Q733553","display_name":"Transmission channel","level":3,"score":0.3133000135421753},{"id":"https://openalex.org/C112972136","wikidata":"https://www.wikidata.org/wiki/Q7595718","display_name":"Stability (learning theory)","level":2,"score":0.3000999987125397},{"id":"https://openalex.org/C2987767877","wikidata":"https://www.wikidata.org/wiki/Q352862","display_name":"Time lag","level":3,"score":0.28290000557899475},{"id":"https://openalex.org/C181683161","wikidata":"https://www.wikidata.org/wiki/Q7301159","display_name":"Real gross domestic product","level":2,"score":0.27649998664855957},{"id":"https://openalex.org/C113679137","wikidata":"https://www.wikidata.org/wiki/Q10495747","display_name":"Fisher hypothesis","level":4,"score":0.274399995803833},{"id":"https://openalex.org/C73374054","wikidata":"https://www.wikidata.org/wiki/Q2995667","display_name":"Economic stability","level":2,"score":0.2709999978542328},{"id":"https://openalex.org/C2776229907","wikidata":"https://www.wikidata.org/wiki/Q17148239","display_name":"Interest rate channel","level":5,"score":0.2671000063419342},{"id":"https://openalex.org/C119693030","wikidata":"https://www.wikidata.org/wiki/Q2180497","display_name":"Economic model","level":2,"score":0.25690001249313354},{"id":"https://openalex.org/C2780980743","wikidata":"https://www.wikidata.org/wiki/Q594063","display_name":"Floating exchange rate","level":3,"score":0.25690001249313354},{"id":"https://openalex.org/C151406439","wikidata":"https://www.wikidata.org/wiki/Q186588","display_name":"Time series","level":2,"score":0.2540999948978424}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.64726/c52tpd33","doi":"https://doi.org/10.64726/c52tpd33","is_oa":true,"landing_page_url":"https://doi.org/10.64726/c52tpd33","pdf_url":"https://akasa.com.ng/ojs/index.php/journal/article/download/819/905","source":{"id":"https://openalex.org/S7407057061","display_name":"Aminu Kano Academic Scholars Association Multidisciplinary Journal","issn_l":"3093-0421","issn":["3093-0421"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Aminu Kano Academic Scholars Association Multidisciplinary Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.64726/c52tpd33","doi":"https://doi.org/10.64726/c52tpd33","is_oa":true,"landing_page_url":"https://doi.org/10.64726/c52tpd33","pdf_url":"https://akasa.com.ng/ojs/index.php/journal/article/download/819/905","source":{"id":"https://openalex.org/S7407057061","display_name":"Aminu Kano Academic Scholars Association Multidisciplinary Journal","issn_l":"3093-0421","issn":["3093-0421"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Aminu Kano Academic Scholars Association Multidisciplinary Journal","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7257999777793884}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7225464294.pdf","grobid_xml":"https://content.openalex.org/works/W7225464294.grobid-xml"},"referenced_works_count":14,"referenced_works":["https://openalex.org/W388145382","https://openalex.org/W2558087334","https://openalex.org/W2599949527","https://openalex.org/W2619135218","https://openalex.org/W2921066124","https://openalex.org/W2950946891","https://openalex.org/W2955260413","https://openalex.org/W4200010387","https://openalex.org/W4297496617","https://openalex.org/W4385586048","https://openalex.org/W4400211919","https://openalex.org/W4404551558","https://openalex.org/W4405933334","https://openalex.org/W4407625194"],"related_works":["https://openalex.org/W4414016460","https://openalex.org/W7084121636","https://openalex.org/W7220612415","https://openalex.org/W4310886323","https://openalex.org/W2993418892","https://openalex.org/W4413075291","https://openalex.org/W4214949057","https://openalex.org/W7167406036","https://openalex.org/W7171855049","https://openalex.org/W7208737772"],"abstract_inverted_index":{"The":[0,23,35,96,137],"study":[1,97],"examined":[2],"Macroeconomic":[3],"Stability,":[4],"Exchange":[5],"Rate":[6],"Dynamics":[7],"and":[8,47,56,90,115,128,153,178,182],"Growth":[9],"Performance":[10],"in":[11,20,39,103],"Nigeria.":[12],"Data":[13],"from":[14],"1980":[15],"to":[16,31,132],"2024":[17],"was":[18,29],"employed":[19],"the":[21,33,40,80,83,124,145,175],"study.":[22],"Autoregressive":[24],"Distributed":[25],"Lag":[26],"(ARDL)":[27],"method":[28],"used":[30],"estimate":[32],"data.":[34],"findings":[36],"showed":[37],"that":[38,99],"long-run":[41,134],"exchange":[42,85,112,155],"rate":[43,63,113,156],"has":[44],"a":[45,54,72,151],"positive":[46,65],"significant":[48,58],"effect":[49,59],"on":[50,60,107,119,144],"GDP,":[51,61],"inflation":[52,116,159],"display":[53],"negative":[55,73],"statistically":[57,67,94],"interest":[62,88],"is":[64],"but":[66,74],"insignificant,":[68],"money":[69,91,171],"supply":[70,92,172],"shows":[71],"insignificant":[75],"relationship":[76],"with":[77],"GDP.":[78],"In":[79],"short-run":[81],"all":[82],"variables;":[84],"rate,":[86,89],"inflation,":[87],"are":[93,140],"insignificant.":[95],"concludes":[98],"sustained":[100],"economic":[101],"growth":[102,135,173],"Nigeria":[104],"depends":[105],"more":[106],"long-term":[108,183],"macroeconomic":[109,130,163,184],"stability":[110],"particularly":[111],"management":[114],"control":[117,160],"than":[118],"short-term":[120],"policy":[121,167,180],"adjustments,":[122],"underscoring":[123],"need":[125],"for":[126],"consistent":[127],"credible":[129],"policies":[131],"support":[133],"performance.":[136],"following":[138],"recommendations":[139],"therefore":[141],"made":[142],"based":[143],"findings;":[146],"Policy":[147],"makers":[148],"should":[149],"maintain":[150],"stable":[152],"competitive":[154],"regime,":[157],"strengthen":[158],"through":[161],"coordinated":[162],"policies,":[164],"improve":[165],"monetary":[166],"transmission":[168],"mechanisms,":[169],"channel":[170],"toward":[174],"productive":[176],"sectors":[177],"promote":[179],"consistency":[181],"stability.":[185]},"counts_by_year":[],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2026-11-08T00:00:00"}
