The impact of currency devaluation on non-oil exports in Africa

Aim: This study assesses how devaluation in official exchange rate and change relative prices influenced non-oil export African countries for the period of 30 years (1991-2020) 11 (Nigeria, Burkina Faso, Burundi, Eswatini, Mauritius, Mozambique, Niger, Rwanda, Sierra Leone, Tanzania Uganda).
 Design/Research methods: utilized different estimators namely Mean Group, Pooled Group as well dynamic panel GMM methods. The major advantage MG estimator is that it reliably efficient even presence weak cross-sectional dependence errors by estimating separate regressions to calculate coefficient means. Moreover, applicability knows no bounds when each individual country weakly cross correlated. With a PMG estimator, large scale heterogeneity short-run responses accommodated given homogenous long-run relations across countries.
 Findings: results co-integration suggest equilibrating relation amongst variables study. was validated on basis absolute t-value 5.0781under t-bound. Our both show significant negative effects exports countries. are robust agreement with estimates PMG. From analysis country, revealed had impact exports. Consequently, depreciation has adverse effect due high inelastic import dependence. Similarly, exemption South Africa, price negatively every other study.
 Originality: originality based fact paper establishes static rate, prices, foreign capital from trading partners Limitations: It would be desirable Africa. We could not proceed all inaccessibility relevant data. Hence, caution should taken generalizing our findings.
 Key word: devaluation, capital, ARDL, countries
 JEL: C33, F13, F21