 Macroeconomic Analysis of Export Diversification in NigeriaEmpirical Economic Review, 2019, vol. 2, issue 1, 83-116 Abstract: In this paper, the Theil index was utilized to study the impact of macroeconomic variables on diversification in Nigeria for the period 1981-2015, using the bounds test approach to cointegration on data generated from secondary sources. Cointegration was found to exist between the economic diversification indicators and associated variables. We also found that capital formation, real effective exchange rate, domestic credit to private sector and foreign direct investment promote diversification. Government efforts in Nigeria should be geared towards diversifying the economy using oil revenue, promote foreign direct investment in the non-oil sector, provide fixed capital, encourage the flow of credit to the private sector, and implement a cautious exchange rate regime. Keywords: Autoregressive Distributed Lag Model; Export Diversification; Extensive and Intensive Margins; Macroeconomic Variables; Theil Index (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:empecr:0014 Access Statistics for this article Empirical Economic Review is currently edited by Muhammad Shahid Hassan More articles in Empirical Economic Review from Department of Economics and Statistics, Dr Hassan Murad School of Management, University of Management and Technology, Lahore CII Johar Town Lahore. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.