IDEAS home Printed from https://ideas.repec.org/a/aoj/ajeaer/v3y2016i1p84-93id215.html
   My bibliography  Save this article

Modelling Economic Growth Function in Nigeria: An ARDL Approach

Author

Listed:
  • Chinwuba Okafor
  • Ibrahim Shaibu

Abstract

The objectives of the study were to identify the significant variables that underlie economic growth in Nigeria, ascertain the stability of the economic growth model in Nigeria over the sample period, and examine the forecasting performance of the linear dynamic model. This study applies a linear dynamic model based on Pesaran et al. (2001) multivariate autoregressive distributed lag (ARDL) modelling technique to analyze the short-run and long-run dynamics of economic growth in Nigeria over the sample period between 1986 and 2013 using quarterly data. The empirical results show that economic growth in Nigeria finds explanation in adaptive expectations. The main determining variables of economic growth in Nigeria in the short-run and long-run are expected economic growth, population and trade openness. To achieve sustainable economic growth, it is suggested that government policies directed at improving the performance of the economy should largely consider the short-run and long-run behaviour of these variables and the policies should be pursued with high degree of transparency.

Suggested Citation

  • Chinwuba Okafor & Ibrahim Shaibu, 2016. "Modelling Economic Growth Function in Nigeria: An ARDL Approach," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 3(1), pages 84-93.
    • Handle: RePEc:aoj:ajeaer:v:3:y:2016:i:1:p:84-93:id:215
    as

    Download full text from publisher

    File URL: http://asianonlinejournals.com/index.php/AJEER/article/view/215/192
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sayef Bakari, 2017. "The Three-Way Linkages Between Export, Import And Economic Growth: New Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 2(3), pages 13-53, December.
    2. Bakari, Sayef, 2017. "Why is South Africa Still a Developing Country?," MPRA Paper 80763, University Library of Munich, Germany.
    3. Endi Rekarti & Zakaria Bahari & Normaisarah M. Zahari & Caturida Meiwanto Doktoralina & Nor Asariah Ilias, 2019. "The Sustainability of Muslim Women Entrepreneurs: A Case Study in Malaysia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 430-439, August.
    4. Yadawananda Neog, 2019. "Does Fiscal Spending Promote Economic Growth in India? An Application of Toda-Yamamoto Causal Approach," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 23-40.
    5. Zalina Zainudin & Zarina Mohd Zaki & Abdul Razak Abdul Hadi & Hafezali Iqbal Hussain & Mazhar Hallak Kantakji, 2019. "Investor Sentiment and Firm Financial Performance of Malaysian IPO Firms: Pre and Post Financial Crisis," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 450-458, August.
    6. Mohamad Alnafissa & Mahmoud Alderiny & Yosef Alamri & Jawad Alhashim, 2021. "The Future of Saudi Arabia’s Date Exports Using a Cointegration Model," Asian Journal of Agriculture and rural Development, Asian Economic and Social Society, vol. 11(1), pages 113-119, March.
    7. Yakubu Awudu Sare, 2021. "Threshold Effects of Financial Sector Development on International Trade in Africa," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 515-541, January.
    8. Tekilu Tadesse & Jemal Abafia, 2019. "The causality between Financial Development and Economic Growth in Ethiopia: Supply Leading vs Demand Following Hypothesis," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 3(1), pages 87-115.
    9. Venkata Sai Srinivasa Rao Muramalla & Ateeq Mesfer Al-Hazza, 2019. "Entrepreneurial Strategies and Factors Stimulate the Business of Tech Startups," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 360-370, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aoj:ajeaer:v:3:y:2016:i:1:p:84-93:id:215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sara Lim (email available below). General contact details of provider: http://asianonlinejournals.com/index.php/AJEER/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.