IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2023i4p125-143.html
   My bibliography  Save this article

Validity of Export-Led Growth Hypothesis in the Nigeria Oil And Non-Oil Exports: Evidence from Ardl and Causality Test Approaches

Author

Listed:
  • Oluwatosin Olatunji Oluyomi

    (Mountain Top University)

  • Oladele J. Akinyomi

    (Mountain Top University)

  • Olumuyiwa O. Olamade

    (Lagos State University)

Abstract

Numerous studies have tested the validity of the export-led growth hypothesis, yet, fewer studies have considered the disaggregated exports into oil and non-oil exports-growth nexus and also test whether oil and non-oil exports cause economic growth in the literature. Therefore, this study tests the validity ofthe export-led growth hypothesis in Nigeria’s oil and non-oil exports over the study period of 1970 to 2021. In line with the specific objectives of this study, autoregressive distributed lag (ARDL) and Granger causality tests were employed to estimate the short-run and long-run export-growth relationship as well as test the validity of the export-led growth hypothesis respectively. Annual secondary data was employed for this study. Results of this study found that oil exports and non-oil exports have negative and positive significant effects on economic growth in the short run and long run at 1% and 10% respectively. Furthermore, the findings revealed that the export-led growth hypothesis (ELGH) is not valid because the unidirectional causal relationship between oil and non-exports to economic growth was not statistically significant in Nigeria. Lastly, the study recommends the need to intensify the exports drive policies to improve and strengthen the oil exports and non-oil export sectors that will cause economic growth in the country, Nigeria.

Suggested Citation

  • Oluwatosin Olatunji Oluyomi & Oladele J. Akinyomi & Olumuyiwa O. Olamade, 2023. "Validity of Export-Led Growth Hypothesis in the Nigeria Oil And Non-Oil Exports: Evidence from Ardl and Causality Test Approaches," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 19(4), pages 125-143, August.
    • Handle: RePEc:dug:actaec:y:2023:i:4:p:125-143
    as

    Download full text from publisher

    File URL: https://dj.univ-danubius.ro/index.php/AUDOE/article/view/2421/2584
    Download Restriction: no
    ---><---

    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:dug:actaec:y:2023:i:4:p:125-143. 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: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    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.