Dynamic Competitiveness of Foreign and Domestic Price: Evidence from an Autoregressive Dynamic Model
Year: 2024
Type: article
Abstract: Nigeria, as an import-dependent economy, has seen its inflation rate rise over the years, which might be ascribed to structural causes and imported consumer products. The Autoregressive distributed lag model was used to determine the competitiveness of domestic and foreign prices. In the short run, domestic and international pricing complement each other, but in the long run, they may achieve some level of competitiveness. The currency rate has a considerable and beneficial impact on consumer spending. The result could also be explained by customers' high desire for foreign items.
Source: Economic Analysis Letters
DOI: 10.58567/eal03040001
Institutions: Federal University Gusau, Ahmadu Bello University
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405725185