The Dynamics of Exports and Economic Growth: Assessing the Evidence from Nigeria

Autor:	F O Ovenseri-Ogbomo, Clement Atewe Ighodaro
Rok vydání:	2018
Předmět:	Capital expenditure Environmental Engineering Granger causality Short run Economics Social Welfare Monetary economics Endogeneity Time series Industrial and Manufacturing Engineering
Zdroj:	American Economic & Social Review. 4:15-22
ISSN:	2576-1277 2576-1269
DOI:	10.46281/aesr.v4i1.212
Popis:	The paper empirically examines the dynamics of exports and economic growth in Nigeria using time series data for 1970 to 2017. The Vector autoregressive model (VAR) was used to investigate the long run and short run relationship between exports and economic growth as well as some selected variables. The result shows that there exists a stable long run relationship among economic growth, exports, capital expenditure on education and social services. Also, the Granger causality results reveal that export Granger causes economic growth and not the other way round. This means that an increase in economic growth may result from increase in export, but increase in economic growth does not necessarily lead to increase in exports. The Impulse Response Function (IRF) shows that a one standard innovation in exports will lead to permanent positive impact on economic growth in Nigeria. This therefore supports the exports led growth hypothesis for Nigeria.
Databáze:	OpenAIRE
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