Export-led Growth Hypothesis in Nigeria

MakuaChukwu Gabriel Ojide, Kelechi Charity Ojide and Joseph Charles Ogbodo

Global Journal of Emerging Market Economies, 2014, vol. 6, issue 1, 5-13

Abstract: A key policy objective of most oil-producing economies, especially among developing countries like Nigeria, is sustainable diversification of national income sources. For most oil-producing economies, this depends significantly on exploring the full potential of the non-oil sector. Autoregressive distributed lag (ARDL) model and co-integration analysis are used in this article to evaluate the growth impact of non-oil exports and sustainability of non-oil exports vis-Ã -vis growth in Nigeria. The regression result and the co-integration analysis show that growth evidence of non-oil exports exists in Nigeria; it is also sustainable. In other words, beyond export-led growth hypothesis, non-oil export-led growth hypothesis also holds in Nigeria.

Keywords: Sustainability; growth; co-integration; stationarity; non-oil export (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:emeeco:v:6:y:2014:i:1:p:5-13

DOI: 10.1177/0974910113511190

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