The Effect of Export Earnings Fluctuations on Capital Formation in Nigeria

D. Akpokodje

Working Papers from African Economic Research Consortium

Abstract: This study explored the association between export earnings fluctuations and capital formation in Nigeria. Using a reduced form equation built around the flexible accelerator model and adopting a cointegration technique, it discovered that the current level of export earning fluctuations adversely impinges on investment (that is, the change in capital stock) in the short run.

Keywords: TRADE; CAPITAL MARKET; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: F14 O55 F10 (search for similar items in EconPapers)
Date: 2000

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