EXPORTS AND ECONOMIC GROWTH IN NIGERIA,1970-2006
EXPORTS AND ECONOMIC GROWTH IN NIGERIA,1970-2006
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Date
2008-03
Authors
YARU, MOHAMMED AMINU
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Abstract
The belief that exports is the engine of the growth process of any economy
seemed to have gained a high degree of acceptance in the Nigerian state.
This is evident in the number of trade policy reforms and exports promotion
programmes/measures since 1986 to date that the government had
adopted. However, previous Studies on Export Led Growth have generated
conflicting empirical evidence. This study attempts to contribute to resolve
this controversy, by using a non-structural Vector Autoregressive modeling
approach (VAR) to estimate the empirical relationship between exports and
economic growth in Nigeria. The findings of the study revealed that exports
(oil and non-oil) have had a significant but opposite dynamic impacts on
Nigeria’s economic growth. While the short and long run impact of oil
exports was negative, that of non-oil exports was positive. The result
suggests that Nigeria can enhance her growth through the growth of nono
exports and the test of Export-led Growth Hypothesis should be
conducted using disaggregated data.
Description
BEING A THESIS SUBMITTED TO POST GRADUATE SCHOOL,
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE
AWARD OF THE DEGREE OF MASTER OF SCIENCE IN
(ECONOMICS)
DEPARTMENT OF ECONOMICS
FACULTY OF SOCIAL SCIENCES
AHMADU BELLO UNIVERSITY
ZARIA.
March, 2008
Keywords
EXPORTS, ECONOMIC GROWTH, NIGERIA, 1970-2006, Empirical Analysis, Vector Autoregressive Modeling Approach