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Export-led Growth Hypothesis in Nigeria

Author

Listed:
  • MakuaChukwu Gabriel Ojide
  • Kelechi Charity Ojide
  • Joseph Charles Ogbodo

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.

Suggested Citation

  • MakuaChukwu Gabriel Ojide & Kelechi Charity Ojide & Joseph Charles Ogbodo, 2014. "Export-led Growth Hypothesis in Nigeria," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 6(1), pages 5-13, January.
    • Handle: RePEc:sae:emeeco:v:6:y:2014:i:1:p:5-13
    DOI: 10.1177/0974910113511190
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    References listed on IDEAS

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    1. Fajana, Olufemi, 1979. "Trade and growth: The Nigerian experience," World Development, Elsevier, vol. 7(1), pages 73-78, January.
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