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Impact of manufactured goods' exports on economic growth: a dynamic econometric model for Nigeria

African Journal of Economic Policy

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Field Value
 
Title Impact of manufactured goods' exports on economic growth: a dynamic econometric model for Nigeria
 
Creator Lawanson, T Oludotun
Lawanson, Akanni Olayinka
Bankole, Abiodun S
 
Description The impact of exports on growth has for a long time enmeshed in controversy partly due to both positive and negative effects empirically established in the literature. Still, most studies in developing countries have left detailed examination of exports' components and domestic institutions unexplored in the export-growth nexus. Based on an error correction model, this paper examines the impact of manufactured exports and its components on economic growth in Nigeria, taking cognisance of the country's institutional framework. Few of the components of manufactured exports were found to exert positive influence on growth both in the long and short runs. The paper, however, finds ample evidence in support of the relevance of quality of institutions in the economic growth process. In effect, with the right institutional framework, export-led growth, and specific focus on selected manufacturing sub sectors there appears to be a feasible development strategy for Nigeria. African Journal of Economic Policy Vol. 11(2) 2004: 1-26
 
Publisher Department of Economics, University of Ibadan
 
Date 2006-07-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajep/article/view/24252
10.4314/ajep.v11i2.24252
 
Source African Journal of Economic Policy; Vol. 11 No. 2 (2004); 1-26
1116-4875
 
Language eng
 
Relation https://www.ajol.info/index.php/ajep/article/view/24252/20292