Export Diversification and Economic Growth in Nigeria
| dc.contributor.author | Odeleye, A.T. | |
| dc.contributor.author | Olunkwa, N.C. | |
| dc.date.accessioned | 2023-04-27T13:05:33Z | |
| dc.date.available | 2023-04-27T13:05:33Z | |
| dc.date.issued | 2018 | |
| dc.description | Scholarly article | |
| dc.description.abstract | The paper examines the relationship between export diversification and economic growth in Nigeria. The study used an annual time series data for the period 1981-2015 and employed Ordinary Least Square (OLS) methods involving Error Correction Mechanism (ECM), Co-Integration, Over-Paramatization and Parsimonious model. Johansen co-integration test revealed that the variables are co-integrated which confirm the existence of long-run equilibrium relationship between the variables. The results of the study revealed that contributions of agriculture and manufacturing sectors to export is negative; signifying that export diversification has negative effects on Nigeria’s economic growth. It suggests that for meaningful diversification of the export base of the economy, government should promote semi-finished and finished goods exportation in order to create an attractive manufacturing sector that can prompt local and foreign investment. | |
| dc.identifier.citation | Odeleye, A.T., & Olunkwa, N.C. (2018). Export diversification and economic growth in Nigeria. Nigerian Journal of Economic and Social Studies, 59(2), 203-222. | |
| dc.identifier.issn | 1945-7790 | |
| dc.identifier.uri | https://ir.unilag.edu.ng/handle/123456789/12308 | |
| dc.language.iso | en | |
| dc.publisher | Nigerian Journal of Economic and Social Studies | |
| dc.relation.ispartofseries | Nigerian Journal of Economic and Social Studies; 59(2) | |
| dc.title | Export Diversification and Economic Growth in Nigeria | |
| dc.type | Article |