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Globalization and Non-Oil Export Performance in Nigeria: A Bound Cointegration Approach

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  • Alimi Olorunfemi Yasiru

    (University of Lagos)

Abstract

This study investigates the impact of globalization on non-oil export performance in Nigeria. Using time series data, the paper employed the Autoregressive Distributed Lag (ARDL) approach to analyse the relationship between globalization and non-oil export performance within the periods of 1970 to 2014. The results revealed that there is a long-run relationship between globalization and non-oil export performance in Nigeria. The parameter estimates showed that globalization, official development assistance, investment and exchange rate have positive impact on non-oil sector export in Nigeria. In addition, gross domestic product and foreign direct investment have negative impact on non-oil sector export performance in Nigeria. The study concludes that the impact of globalization on non-oil export performance is a long-run phenomenon. Thus, the government should adopt and implement trade policies that are capable of sustaining non-oil sector growth in Nigeria.

Suggested Citation

  • Alimi Olorunfemi Yasiru, 2017. "Globalization and Non-Oil Export Performance in Nigeria: A Bound Cointegration Approach," EuroEconomica, Danubius University of Galati, issue 2(36), pages 44-54, November.
    • Handle: RePEc:dug:journl:y:2017:i:2:p:44-54
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/3826/4271
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    References listed on IDEAS

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    1. 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.
    2. Urmas Varblane & Priit Vahter, 2005. "An Analysis Of The Economic Convergence Process In The Transition Countries," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 37, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    3. Fouad Abou-Stait, 2005. "Working Paper 76 - Are Exports the Engine of Economic Growth? An Application of Cointegration and Causality Analysis for Egypt, 1977 - 2003," Working Paper Series 211, African Development Bank.
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    Cited by:

    1. Olukunle Samuel Olaniran & Olusola Olakunle Ogunjinmi, 2022. "Modelling the Impacts of Agricultural Outputs and its Components on Human Mortality Rate in Nigeria," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 11(1), pages 146-160, January.

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