Export instability and economic growth in Nigeria: a time series analysis

Olajide Oladipo

International Journal of Economics and Business Research, 2014, vol. 7, issue 4, 476-501

Abstract: The primary products and commodities provide food and livelihood for families and communities, are sources of raw material, and export earnings for many governments in sub-Saharan African (SSA) countries and most especially, Nigeria. However, over the years, global prices of primary products and commodities have been very volatile, with serious implications for economic growth. As a response, this study investigates the impact of export instability on economic growth in Nigeria using time series data from 1970q1 to 2011q4 and an econometric approach that addresses the problem of non-stationarity. As a departure from previous studies, the paper uses an instability measure that varies over time and a relatively large data sample size. The results show that export instability has negative effects on economic growth and also on investment.

Keywords: export instability; export; cointegration; vector error correction model; VECM; Nigeria; exports; economic growth; time series analysis; econometrics; investment. (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=62911 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijecbr:v:7:y:2014:i:4:p:476-501

Access Statistics for this article

More articles in International Journal of Economics and Business Research from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().