Export Instability and Economic Growth in Nigeria: A Time Series Analysis
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Voivodas, Constantin S, 1974. "The Effect of Foreign Exchange Instability on Growth," The Review of Economics and Statistics, MIT Press, vol. 56(3), pages 410-412, August.
- Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
- Teame Ghirmay & Subhash Sharma & Richard Grabowski, 1999. "Export instability, income terms of trade instability and growth: causal analyses," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 8(2), pages 209-229.
- Francisco L. Rivera-Batiz & Luis A. Rivera-Batiz, 2018.
"International Trade with Endogenous Technological Change,"
World Scientific Book Chapters, in: Francisco L Rivera-Batiz & Luis A Rivera-Batiz (ed.), International Trade, Capital Flows and Economic Development, chapter 2, pages 33-70,
World Scientific Publishing Co. Pte. Ltd..
- Rivera-Batiz, Luis A. & Romer, Paul M., 1991. "International trade with endogenous technological change," European Economic Review, Elsevier, vol. 35(4), pages 971-1001, May.
- Luis A. Rivera-Batiz & Paul M. Romer, 1991. "International Trade with Endogenous Technological Change," NBER Working Papers 3594, National Bureau of Economic Research, Inc.
- Lisa CHAUVET & Patrick GUILLAUMONT & Sylviane GUILLAUMONT JEANNENEY & Pierre JACQUET & Bertrand SAVOYE, 2003.
"Attenuating through Aid the Vulnerability to Price Shocks,"
Working Papers
200325, CERDI.
- Patrick Guillaumont & Sylviane Guillaumont Jeanneney & Pierre Jacquet & Lisa Chauvet & Bertrand Savoye, 2007. "Attenuating through Aid the Vulnerability to Price Shocks," Post-Print hal-00293071, HAL.
- Satis Chandra Devkota, 2004. "Causes of Export Instability in Nepal," International Trade 0410002, University Library of Munich, Germany.
- Toda, Hiro Y. & Yamamoto, Taku, 1995. "Statistical inference in vector autoregressions with possibly integrated processes," Journal of Econometrics, Elsevier, vol. 66(1-2), pages 225-250.
- Cuddy, John D A & Della Valle, P A, 1978. "Measuring the Instability of Time Series Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 40(1), pages 79-85, February.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- Glezakos, Constantine, 1973. "Export Instability and Economic Growth: A Statistical Verification," Economic Development and Cultural Change, University of Chicago Press, vol. 21(4), pages 670-678, Part I Ju.
- Murbay C. Kemp & Nissan Liviatan, 1973. "Production and Trade Patterns under Uncertainty," The Economic Record, The Economic Society of Australia, vol. 49(2), pages 215-227, June.
- Atish R. Ghosh & Jonathan D. Ostry, 1994.
"Export Instability and the External Balance in Developing Countries,"
IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 214-235, June.
- Mr. Atish R. Ghosh & Mr. Jonathan David Ostry, 1994. "Export Instability and the External Balance in Developing Countries," IMF Working Papers 1994/008, International Monetary Fund.
- Phillips, P.C.B., 1986.
"Understanding spurious regressions in econometrics,"
Journal of Econometrics, Elsevier, vol. 33(3), pages 311-340, December.
- Peter C.B. Phillips, 1985. "Understanding Spurious Regressions in Econometrics," Cowles Foundation Discussion Papers 757, Cowles Foundation for Research in Economics, Yale University.
- Delano S. Villanueva, 2008.
"Exports and Economic Development,"
World Scientific Book Chapters, in: Macroeconomic Policies For Stable Growth, chapter 4, pages 113-134,
World Scientific Publishing Co. Pte. Ltd..
- Delano Villanueva, 1997. "Exports and Economic Development," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp58.
- Delano Villanueva, 1993. "Exports and Economic Development," IMF Working Papers 1993/041, International Monetary Fund.
- Jean‐Louis Combes & Patrick Guillaumont, 2002.
"Commodity Price Volatility, Vulnerability and Development,"
Development Policy Review, Overseas Development Institute, vol. 20(1), pages 25-39, March.
- Jean-Louis COMBES & Patrick GUILLAUMONT, 2000. "Commodity Price Volatility, Vulnerability and Development," Working Papers 200015, CERDI.
- Brock, Philip L., 1991. "Export instability and the economic performance of developing countries," Journal of Economic Dynamics and Control, Elsevier, vol. 15(1), pages 129-147.
- Eaton, Jonathan, 1979. "The Allocation of Resources in an Open Economy with Uncertain Terms of Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(2), pages 391-403, June.
- Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
- Granger, C. W. J., 1981. "Some properties of time series data and their use in econometric model specification," Journal of Econometrics, Elsevier, vol. 16(1), pages 121-130, May.
- Mullor-Sebastian, Alicia, 1988. "A New Approach to the Relationship between Export Instability and Economic Development," Economic Development and Cultural Change, University of Chicago Press, vol. 36(2), pages 217-236, January.
- Akpokodje, D., 2000. "The Effect of Export Earnings Fluctuations on Capital Formation in Nigeria," Papers 103, African Economic Research Consortium.
- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
- Jung, Woo S. & Marshall, Peyton J., 1985. "Exports, growth and causality in developing countries," Journal of Development Economics, Elsevier, vol. 18(1), pages 1-12.
- Handley, Kyle, 2014.
"Exporting under trade policy uncertainty: Theory and evidence,"
Journal of International Economics, Elsevier, vol. 94(1), pages 50-66.
- Handley, Kyle, 2011. "Exporting under trade policy uncertainty: Theory and evidence," WTO Staff Working Papers ERSD-2011-20, World Trade Organization (WTO), Economic Research and Statistics Division.
- Handley, Kyle, 2012. "Exporting under Trade Policy Uncertainty: Theory and Evidence," Working Papers 634, Research Seminar in International Economics, University of Michigan.
- 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.
- Dhaneshwar Ghura & Michael T. Hadjimichael, 1996. "Growth in Sub-Saharan Africa," IMF Staff Papers, Palgrave Macmillan, vol. 43(3), pages 605-634, September.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Lam, N. V., 1980. "Export instability, expansion and market concentration : A methodological interpretation," Journal of Development Economics, Elsevier, vol. 7(1), pages 99-115, February.
- Subrata Ghatak & Chris Milner & Utku Utkulu, 1997. "Exports, export composition and growth : cointegration and causality evidence for Malaysia," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 213-223.
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
- N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
- Kemp, Murray C & Liviatan, Nissan, 1973. "Production and Trade Patterns under Uncertainty," The Economic Record, The Economic Society of Australia, vol. 49(126), pages 215-227, June.
- Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
- Sinha, D., 1999.
"Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis,"
Papers
799, Yale - Economic Growth Center.
- Dipendra Sinha, 2004. "Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis," Econometric Society 2004 Far Eastern Meetings 687, Econometric Society.
- Ram, Rati, 1987. "Exports and Economic Growth in Developing Countries: Evidence from Time-Series and Cross-Section Data," Economic Development and Cultural Change, University of Chicago Press, vol. 36(1), pages 51-72, October.
- Dipendra Sinha, 2007.
"Effects of Volatility of Exports in the Philippines and Thailand,"
The IUP Journal of Financial Economics, IUP Publications, vol. 0(3), pages 78-83, September.
- Sinha, Dipendra, 2007. "Effects of Volatility of Exports in the Philippines and Thailand," MPRA Paper 2563, University Library of Munich, Germany.
- Tan, Gerald, 1983. "Export instability, export growth and GDP growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 219-227.
- Edwards, Sebastian, 1993. "Openness, Trade Liberalization, and Growth in Developing Countries," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1358-1393, September.
- Ahmad Tariq & Qazi Najeeb, 1995. "Export Earnings Instability in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 34(4), pages 1181-1189.
- Lim, David, 1974. "Export Instability and Economic Development: The Example of West Malaysia," Oxford Economic Papers, Oxford University Press, vol. 26(1), pages 78-92, March.
- Corden, W M, 1984. "Booming Sector and Dutch Disease Economics: Survey and Consolidation," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 359-380, November.
- Balassa, Bela, 1985. "Exports, policy choices, and economic growth in developing countries after the 1973 oil shock," Journal of Development Economics, Elsevier, vol. 18(1), pages 23-35.
- Hayne E. Leland, 1968. "Saving and Uncertainty: The Precautionary Demand for Saving," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(3), pages 465-473.
- Wickens, Michael R., 1996. "Interpreting cointegrating vectors and common stochastic trends," Journal of Econometrics, Elsevier, vol. 74(2), pages 255-271, October.
- Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-1580, November.
- Michaely, Michael, 1977. "Exports and growth : An empirical investigation," Journal of Development Economics, Elsevier, vol. 4(1), pages 49-53, February.
- Moran, Cristian, 1983. "Export fluctuations and economic growth : An empirical analysis," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 195-218.
- Hakim Ben Hammouda & Stephen Karingi & Angelica Njuguna & Mustapha Sadni Jallab, 2010. "Growth, productivity and diversification in Africa," Journal of Productivity Analysis, Springer, vol. 33(2), pages 125-146, April.
- Robert Engle, 2001. "GARCH 101: The Use of ARCH/GARCH Models in Applied Econometrics," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 157-168, Fall.
- Sinha, Dipendra, 1999. "Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis," Center Discussion Papers 28466, Yale University, Economic Growth Center.
- Sule Ozler & James Harrigan, 1988. "Export Instability and Growth," UCLA Economics Working Papers 486, UCLA Department of Economics.
- Love, J., 1990. "Concentration and instability: Again," Journal of Development Economics, Elsevier, vol. 33(1), pages 149-151, July.
- A. Sandmo, 1970.
"The Effect of Uncertainty on Saving Decisions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(3), pages 353-360.
- SANDMO, Agnar, 1970. "The effect of uncertainty on saving decisions," LIDAM Reprints CORE 59, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Wilson, Peter, 1994. "Export earnings instability of singapore, 1957-1988: A time series analysis," Journal of Asian Economics, Elsevier, vol. 5(3), pages 399-412.
- Dollar, David, 1992. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985," Economic Development and Cultural Change, University of Chicago Press, vol. 40(3), pages 523-544, April.
- Faiz Bilquees & Tahir Mukhtar, 2011. "Export Instability, Income Terms of Trade Instability and Growth: The Case of India," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(39), pages 25-44, March.
- Pan A. Yotopoulos & Jeffrey B. Nugent, 1976. "In Defense of a Test of the Linkage Hypothesis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(2), pages 334-343.
- Krishan K Kaushik* & Lawrence Nii Arbenser & K. K. Klein, 2008. "Export growth, export instability, investment and economic growth in India: a time series analysis," Journal of Developing Areas, Tennessee State University, College of Business, vol. 41(2), pages 155-170, January-M.
- Alogoskoufis, George & Smith, Ron, 1991. "On Error Correction Models: Specification, Interpretation, Estimation," Journal of Economic Surveys, Wiley Blackwell, vol. 5(1), pages 97-128.
- Massell, Benton F, 1970. "Export Instability and Economic Structure," American Economic Review, American Economic Association, vol. 60(4), pages 618-630, September.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Adeel Saleem & Maqbool H. Sial & Ahmed Raza Cheema, 2023. "Does an asymmetric nexus exist between exports and economic growth in Pakistan? Recent evidence from a nonlinear ARDL approach," Economic Change and Restructuring, Springer, vol. 56(1), pages 297-326, February.
- Sayef Bakari, 2017.
"The Impact of Vegetables Exports on Economic Growth in Tunisia,"
Economic Research Guardian, Weissberg Publishing, vol. 7(2), pages 72-87, December.
- Bakari, Sayef, 2017. "The Impact of Vegetables Exports on Economic Growth in Tunisia," MPRA Paper 80722, University Library of Munich, Germany.
- Abhijit Sharma & Theodore Panagiotidis, 2003. "An Analysis of Exports and Growth in India: Some Empirical Evidence (1971-2001)," Working Papers 2003004, The University of Sheffield, Department of Economics, revised Nov 2003.
- Jim Love & Ramesh Chandra, 2004. "Testing Export‐Led Growth in India, Pakistan and Sri Lanka Using a Multivariate Framework," Manchester School, University of Manchester, vol. 72(4), pages 483-496, July.
- 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.
- Bakari, Sayef, 2017. "The Three-Way Linkages between Export, Import and Economic Growth: New Evidence from Tunisia," MPRA Paper 81080, University Library of Munich, Germany.
- Love, Jim & Chandra, Ramesh, 2005. "Testing export-led growth in Bangladesh in a multivarate VAR framework," Journal of Asian Economics, Elsevier, vol. 15(6), pages 1155-1168, January.
- Mehmet Balcilar & Zeynel Ozdemir, 2013. "The export-output growth nexus in Japan: a bootstrap rolling window approach," Empirical Economics, Springer, vol. 44(2), pages 639-660, April.
- Hatemi-J, Abdulnasser, 2002. "Export performance and economic growth nexus in Japan: a bootstrap approach," Japan and the World Economy, Elsevier, vol. 14(1), pages 25-33, January.
- Ahmed, Osama & Sallam, Walid, 2018. "Studying the volatility effect of agricultural exports on agriculture share of GDP: The case of Egypt," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(8), pages 345-352.
- Asmawi Hashim & Norimah Rambeli & Norasibah Abdul Jalil & Normala Zulkifli & Emilda Hashim & Noor Al-Huda Abdul Karim, 2019. "Does Export Led Growth Hypothesis Hold Under World Crisis Recovery Regime in Malaysia?," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 9-19, December.
- Nasim Shah Shirazi & Turkhan Ali Abdul Manap, 2005. "Export-Led Growth Hypothesis: Further Econometric Evidence From South Asia," The Developing Economies, Institute of Developing Economies, vol. 43(4), pages 472-488, December.
- Tarlok Singh, 2010. "Does International Trade Cause Economic Growth? A Survey," The World Economy, Wiley Blackwell, vol. 33(11), pages 1517-1564, November.
- Henryk Gurgul & Łukasz Lach, 2010.
"International trade and economic growth in the Polish economy,"
Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 20(3-4), pages 5-29.
- Gurgul, Henryk & Lach, Łukasz, 2010. "International trade and economic growth in the Polish economy," MPRA Paper 52286, University Library of Munich, Germany.
- Christian Dreger & Dierk Herzer, 2013.
"A further examination of the export-led growth hypothesis,"
Empirical Economics, Springer, vol. 45(1), pages 39-60, August.
- Dierk Herzer, 2010. "A further examination of the export-led growth hypothesis," Ibero America Institute for Econ. Research (IAI) Discussion Papers 200, Ibero-America Institute for Economic Research.
- Christian Dreger & Dierk Herzer, 2012. "A further examination of the export-led growth hypothesis," FIW Working Paper series 084, FIW.
- Dreger, Christian & Herzer, Dierk, 2011. "A further examination of the export-led growth hypothesis," Discussion Papers 305, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
- Christian Dreger & Dierk Herzer, 2011. "A Further Examination of the Export-Led Growth Hypothesis," Discussion Papers of DIW Berlin 1149, DIW Berlin, German Institute for Economic Research.
- Klaus Wälde & Christina Wood, 2004.
"The empirics of trade and growth: where are the policy recommendations?,"
International Economics and Economic Policy, Springer, vol. 1(2), pages 275-292, January.
- Wälde, Klaus & Wood, Christina, 2000. "The empirics of trade and growth: Where are the policy recommendations?," Dresden Discussion Paper Series in Economics 09/00, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
- Klaus, WAELDE & Christina, WOOD, 2004. "The Empirics of Trade and Growth : Where are the Policy Recommendations ?," LIDAM Discussion Papers IRES 2004013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Klaus Wälde & Christina Wood, 2004. "The empirics of trade and growth: where are the policy recommendations?," European Economy - Economic Papers 2008 - 2015 204, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Sayef Bakari & Mohamed Mabrouki & Asma Elmakki, 2018.
"The Nexus Between Industrial Exports And Economic Growth In Tunisia: Empirical Analysis,"
Journal of Smart Economic Growth, , vol. 3(2), pages 31-53, December.
- elmakki, asma & Bakari, Sayef & MABROUKI, Mohamed, 2017. "The Nexus between Industrial Exports and Economic Growth in Tunisia: Empirical Analysis," MPRA Paper 79360, University Library of Munich, Germany.
- Bakari, Sayef & Mabrouki, Mohamed & elmakki, asma, 2018. "The Nexus between Industrial Exports and Economic Growth in Tunisia: Empirical Analysis," MPRA Paper 88956, University Library of Munich, Germany.
- Ioanna Konstantakopoulou, 2016. "New evidence on the Export-led-growth hypothesis in the Southern Euro-zone countries (1960-2014)," Economics Bulletin, AccessEcon, vol. 36(1), pages 429-439.
- Alper Aslan & Ebru Topcu, 2018. "The Relationship between Export and Growth: Panel Data Evidence from Turkish Sectors," Economies, MDPI, vol. 6(2), pages 1-15, April.
- Saroj Kumar Mahonty, . "Economic Growth, Exports and Domestic Demand in India: In search of a New Pardigm of Development," Chapters, in: Zhang Yunling & Fukunari Kimura & Sothea Oum (ed.), Moving Toward A New Development Model For East Asia-The Role of Domestic Policy and Regional Cooperation, chapter 6, pages 191-222, Economic Research Institute for ASEAN and East Asia (ERIA).
- Shahbaz, Muhammad & Rasool, Ghulam & Ahmed, Khalid & Mahalik, Mantu Kumar, 2016.
"Considering the effect of biomass energy consumption on economic growth: Fresh evidence from BRICS region,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1442-1450.
- Shahbaz, Muhammad & Ahmed, Khalid & Rasool, Ghulam & Kumar, Mantu, 2016. "Considering the effect of biomass energy consumption on economic growth:fresh evidence from BRICS region," MPRA Paper 70024, University Library of Munich, Germany, revised 14 Mar 2016.
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:aer:wpaper:322. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joel Mathia (email available below). General contact details of provider: ftp://41.215.20.26/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.