摘要：This paper examines the extent of pass-through of exchange rate into import prices for
Nigeria between 1980 and 2006 using the recently developed UECM-Bounds test proposed
by Pesaran et al. (2001). Empirical evidence reveals that world export prices has a dominant
effect compared to exchange rate in explaining changes in Nigeria’s import prices in the
short and long run. The major implication for our study therefore is that exogenous factors
such as world export prices appeared to be more important determinants of domestic import
prices than a country’s exchange rate policies.
关键词：Aggregate Import Price, World Export Price, Bound Testing, Nigeria
