A test of the validity of export-led growth hypothesis in Nigeria: a further evidence.

Simple item page
dc.contributor.authorKareem, O. I.
dc.date.accessioned2018-11-06T10:17:04Z
dc.date.available2018-11-06T10:17:04Z
dc.date.issued2008-09
dc.description.abstractThis study tests the validity of the hypothesis of export-led growth in Nigeria. Several arguments have been adduced with respect to this hypothesis in the literature, while empirical studies for Nigeria had put forward different results based on the period of coverage and the methodology. Given that economic models perform better with large time series, this study has used the period from 1960-2005 with adoption of a neo-classical Cobb-Douglas production model that was estimated through both linear and log-linear least squares technique. The effects of shocks to the explanatory variables on economic growth were captured by the impulse response model, while the granger causality test shows the direction of causality in the model. The study found that both oil and non-oil exports contributed to the enhanced economic growth that the country witnessed, however, the oil export is more significant to economic growth in Nigeria. Thus, feedback causality exists between oil export and growth, while there is unidirectional causality that runs from economic growth to non-oil export. Furthermore, shocks to oil exports will significantly affect Nigeria’s economic growth. Therefore, this suggest that an outward-oriented industrialization strategy through export promotion policies, should be embarked upon by the government, especially those that will stimulate non-oil exports so as to averse the risk of negative oil export shock that would drop the level of economic growth.en_US
dc.description.provenanceSubmitted by Nneka Ebonka (nebonka@gmail.com) on 2018-10-22T09:56:46Z No. of bitstreams: 1 A test of the validity of export led growth hypothesis in nigeria.pdf: 164501 bytes, checksum: dab58d3dc363fd657b63b853852fd57f (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-06T10:14:13Z (GMT) No. of bitstreams: 1 A test of the validity of export led growth hypothesis in nigeria.pdf: 164501 bytes, checksum: dab58d3dc363fd657b63b853852fd57f (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-06T10:16:49Z (GMT) No. of bitstreams: 1 A test of the validity of export led growth hypothesis in nigeria.pdf: 164501 bytes, checksum: dab58d3dc363fd657b63b853852fd57f (MD5)en
dc.description.provenanceMade available in DSpace on 2018-11-06T10:17:04Z (GMT). No. of bitstreams: 1 A test of the validity of export led growth hypothesis in nigeria.pdf: 164501 bytes, checksum: dab58d3dc363fd657b63b853852fd57f (MD5) Previous issue date: 2008-09en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationKareem, O. I. (2008). A test of the validity of export-led growth hypothesis in Nigeria: a further evidence. Economic and Financial Review, 46(3), 61-90.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/559
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 46;No. 3
dc.subjectExports,en_US
dc.subjectEconomic growth,en_US
dc.subjectImpulse response model,en_US
dc.subjectoil and non-oil exports,en_US
dc.subjectNigeria.en_US
dc.titleA test of the validity of export-led growth hypothesis in Nigeria: a further evidence.en_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
A test of the validity of export led growth hypothesis in nigeria.pdf
Size:
160.65 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economic and Financial Review