Price Distortions, Exports, and Economic Growth: Evidence from the Non-Oil Sectors of Nigeria

Benedict Akanegbu

International Journal of Management and Sustainability, 2014, vol. 3, issue 1, 1-15

Abstract: This study examines the effects of price distortions on output in the non-oil sectors of the Nigerian economy. Specifically, the study tests the hypothesis: that price distortions are inversely related to non-oil output on the supply side; and also inversely related to the aggregate demand component such as non-oil exports on the demand side. The study adopts a model based on a modified neoclassical production function where non-oil exports are taken as production input. The analysis confirms the view that price distortions have significant negative influence on the non-oil sectors of the Nigerian economy.

Keywords: Price distortions; Economic growth; Exports; Non-oil sectors; Neo-classical production function; Oil-boom; Misallocated resources (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pkp:ijomas:v:3:y:2014:i:1:p:1-15:id:939

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