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Dynamic Competitiveness of Foreign and Domestic Price: Evidence from an Autoregressive Dynamic Model

Author

Listed:
  • Mustapha M. Abdullahi

    (Department of Economics, Federal University, Gusau, Nigeria)

  • Mansur Abdullahi

    (Department of Economics, Federal University, Gusau, Nigeria)

  • Maryam Bala Adamu

    (Distance Learning Centre, Ahmadu Bello University, Zaria, Nigeria)

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.

Suggested Citation

  • Mustapha M. Abdullahi & Mansur Abdullahi & Maryam Bala Adamu, 2024. "Dynamic Competitiveness of Foreign and Domestic Price: Evidence from an Autoregressive Dynamic Model," Economic Analysis Letters, Anser Press, vol. 3(4), pages 1-8, December.
    • Handle: RePEc:bba:j00004:v:3:y:2024:i:4:p:1-8:d:368
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    References listed on IDEAS

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    1. Charles O. Manasseh & Felicia C. Abada & Jonathan E. Ogbuabor & Josaphat U. J. Onwumere & Chinasa E. Urama & Okoro E. Okoro, 2018. "The Effects of Interest and Inflation Rates on Consumption Expenditure: Application of Consumer Spending Model," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 32-38.
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