The Relationship between Import, Export, Domestic Investment and Economic Growth in Nigeria

Adekunle O. Ahmed (), Ebere Chuks (), Fakunmoju S. Kamaldeen () and Yunus A. Bolaji ()
Additional contact information
Adekunle O. Ahmed: University of Ilorin
Ebere Chuks: University of Ilorin
Fakunmoju S. Kamaldeen: Kwara State University
Yunus A. Bolaji: University of Ilorin

EuroEconomica, 2018, issue 3(37), 149-156

Abstract: This paper examines the relationship between imports, exports, domestic investment and economic growth in Nigeria. The study make used of annual time series data which span from 1981 to 2016, which is sourced from World Development Indicator (WDI) and Central Bank of Nigeria Statistical Bulletin. The study employed ARDL Model and VEC Granger Causality Test to explore the relationship among the variables. The empirical results show that there is long run relationship among the variables. In the short run, empirical results show that only imports have negative effect on economic growth in Nigeria. The VEC Granger Causality Test indicates that there is relationship among the variables. This negativity effect of imports on economic growth in Nigeria requires stringent economic reforms.

Keywords: Domestic investment; Export; Import; Economic growth (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/4753/4732 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2018:i:3:p:149-156

Access Statistics for this article

More articles in EuroEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Florian Nuta ().