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Non-oil export and economic growth in Nigeria: A disaggregated analysis

Author

Listed:
  • Maria Chinecherem UZONWANNE

    (Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria)

Abstract

This study examined the impact of non-oil export on economic growth in Nigeria using disaggregated data. The study employed annual time series data from 1981 to 2017 sourced from Central Bank of Nigeria Statistical Bulletin. The study adopted the Autoregressive Distributed Lag (ARDL) model to estimate the short and long run relationship between non-oil export and economic growth. The findings revealed that agricultural and manufacturing exports have positive and significant impact on economic growth both in the short and long run. Solid minerals export has positive but insignificant impact on economic growth. The study recommends that government should create enabling environment for non-oil export to thrive through provision of infrastructure, access to credit facilities and stable macroeconomic policies.

Suggested Citation

  • Maria Chinecherem UZONWANNE, 2020. "Non-oil export and economic growth in Nigeria: A disaggregated analysis," Turkish Economic Review, EconSciences Journals, vol. 7(1), pages 1-15, March.
    • Handle: RePEc:cvv:journ2:v:7:y:2020:i:1:p:1-15
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    References listed on IDEAS

    as
    1. William G. Tyler, 2015. "Growth and Export Expansion in Developing Countries: Some Empirical Evidence," Discussion Papers 005, Instituto de Pesquisa Econômica Aplicada - IPEA.
    2. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    3. Matthew J. Kromtit & Charles Kanadi & Dorathy P. Ndangra & Suleiman Lado, 2017. "Contribution of Non Oil Exports to Economic Growth in Nigeria (1985-2015)," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(4), pages 253-261, April.
    4. Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, vol. 9(1), pages 121-130, August.
    5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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