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The Dynamics of Exports and Economic Growth: Assessing the Evidence from Nigeria
American Economic & Social Review
View Archive Info| Field | Value | |
| Title |
The Dynamics of Exports and Economic Growth: Assessing the Evidence from Nigeria
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| Creator |
Ighodaro, Clement A.U.
F. O., Ovenseri-Ogbomo |
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| Description |
The paper empirically examines the dynamics of exports and economic growth in Nigeria using time series data for 1970 to 2017. The Vector autoregressive model (VAR) was used to investigate the long run and short run relationship between exports and economic growth as well as some selected variables. The result shows that there exists a stable long run relationship among economic growth, exports, capital expenditure on education and social services. Also, the Granger causality results reveal that export Granger causes economic growth and not the other way round. This means that an increase in economic growth may result from increase in export, but increase in economic growth does not necessarily lead to increase in exports. The Impulse Response Function (IRF) shows that a one standard innovation in exports will lead to permanent positive impact on economic growth in Nigeria. This therefore supports the exports led growth hypothesis for Nigeria.
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| Publisher |
Centre for Research on Islamic Banking & Finance and Business
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| Date |
2018-12-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://www.cribfb.com/journal/index.php/aesr/article/view/212
10.46281/aesr.v4i1.212 |
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| Source |
American Economic & Social Review; Vol 4 No 1 (2018): American Economic & Social Review; 15-22
2576-1277 2576-1269 |
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| Language |
eng
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| Relation |
https://www.cribfb.com/journal/index.php/aesr/article/view/212/239
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| Rights |
Copyright (c) 2018 Clement A.U. Ighodaro ,Ovenseri-Ogbomo F. O.
http://creativecommons.org/licenses/by/4.0 |
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