Time Series Analysis of Non-Oil Export Demand and Economic Performance in Nigeria | ||
| Iranian Economic Review | ||
| مقاله 12، دوره 22، شماره 1، بهار 2018، صفحه 295-314 اصل مقاله (348.71 K) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2018.65366 | ||
| نویسندگان | ||
| Adesoye A. Bolaji1؛ Adelowokan Oluwaseyi Adedayo1؛ Alimi Y. Olorunfemi* 2 | ||
| 1Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria | ||
| 2Department of Economics, University of Lagos, Akoka, Yaba, Lagos state, Nigeria | ||
| چکیده | ||
| T his study examines the impact of non-oil export demand on economic performance in Nigeria using annual time series data between 1975 and 2013. The study tests for the unit root and co-integration to determine the time series properties of our variables before using Vector Error Correction (VEC) model for both short- and long- run estimates and possible policy inferences. The results show that non-oil export has a positive impact on economic growth suggesting that policies formulated towards improving the export of non-oil commodities in Nigeria will directly boost output growth of other sectors such as agriculture, manufacturing, services etc. The findings also reveal a uni-causal link from export to growth in Nigeria, thereby, supporting the export-led growth hypothesis. The policy implication of this finding is that failure on the part of policy makers to increase non-oil exports will directly hurt the economy of Nigeria. This is also consistent with the findings in the short-run. It was also found that capital and labor have direct and significant impact on output growth. | ||
| کلیدواژهها | ||
| Keywords: Non-Oil Export Commodities؛ capital؛ Labor؛ government spending؛ Output Growth. JEL Classification: C32؛ E64؛ F11؛ F14؛ F43 | ||
| مراجع | ||
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