Manufacturing Exports and Import of Capital Goods Nexus: the Nigeria's Case

Damilola Arawomo ()

Economics Bulletin, 2014, vol. 34, issue 3, 1522-1529

Abstract: The declining share of manufactured export in total export in Nigeria has continued to raise some concerns. The apprehension is based on the preference of the sector promote economic growth. Among others, one of the factors that could be responsible for this is poor technological capacity, hence the need for importation of foreign capital goods. This paper used the UECM-Bounds test and Error Correction Model (ECM) based on 1970 and 2012 data to obtain evidence for the long-run and short-run relationship between manufacturing export, capital import, human capital and real effective exchange rate in Nigeria. Findings revealed that manufacturing export, capital import, human capital and real effective exchange rate are cointegrated. The results further showed that capital import impede manufacturing export in the both short and long-run in Nigeria.

Keywords: Manufacturing Exports; Capital Goods Import, UECM-Bounds test (search for similar items in EconPapers)
JEL-codes: F0 F1 (search for similar items in EconPapers)
Date: 2014-07-12
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