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ijcrb.webs.com<br />

INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

1997<br />

1996<br />

82.0000<br />

81.2500<br />

100728.3<br />

75392.0<br />

5033.8<br />

2250.5<br />

38084.6<br />

26443.5<br />

Table 4: Polynomial Distributed Lag Coefficients <strong>of</strong> Exchange Rates and Trends on<br />

Nigeria‟s Imports by Product Group (1986-2008)<br />

Explanatory<br />

Variable<br />

Intercept<br />

EXCRt<br />

EXCRt-1<br />

EXCRt-2<br />

EXCRt-3<br />

EXCRt-4<br />

Trend<br />

Log Likelihood<br />

R-Squared<br />

D.W. Statistic<br />

COPY RIGHT © 2011 Institute <strong>of</strong> <strong>Interdiscipl<strong>in</strong>ary</strong> Bus<strong>in</strong>ess <strong>Research</strong> 234<br />

10933.5<br />

8439.4<br />

11779.2<br />

7314.1<br />

192187.3<br />

132779.9<br />

246963.6<br />

156410.2<br />

202964.9<br />

129404.1<br />

JANUARY 2011<br />

VOL 2, NO 9<br />

Food and Live Animals Beverages and Crude M<strong>in</strong>eral<br />

(FLA)<br />

Tobacco (BT) Indelible (CMI)<br />

6.9195<br />

3.8652<br />

5.4645<br />

(9.1810)<br />

(10.9931)<br />

(8.5304)<br />

0.0277**<br />

0.0190**<br />

0.0253**<br />

(4.0439)<br />

(4.4888)<br />

(3.2919)<br />

-0.0083<br />

-0.0102<br />

-0.0089<br />

(-1.0946)<br />

(-1.8718)<br />

(-0.8983)<br />

0.00211<br />

0.0082<br />

0.0028<br />

(-0.2722)<br />

(1.5041)<br />

(0.2835)<br />

-0.0067<br />

-0.0106<br />

-0.0046<br />

(-0.8638)<br />

(-1.9426)<br />

(-0.4628)<br />

-0.0114<br />

-0.0018<br />

-0.0132<br />

(1.4775)<br />

(-0.3694)<br />

(-1.5042)<br />

0.2705*<br />

0.2848**<br />

0.3071**<br />

(2..583)<br />

(5.1028)<br />

(3.0207)<br />

3.6029 5.6334 -5.7644<br />

0.96306 0.98913 0.96406<br />

1.9014 2.1026 1.9438<br />

** Significant at one percent level; * Significant at five percent level; T-statistics <strong>of</strong> the<br />

coefficients are provided with<strong>in</strong> the parentheses.<br />

37041.4<br />

24192.9

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