Econometric Analysis of Exports and Economic Growth in Nigeria
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Scientific Papers Organisation
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There is no consensus in the empirical literature on the causal links between exports and economic growth. This paper therefore examines the applicability of the Export-Led Growth hypothesis for Nigeria using annual secondary time series data from 1970-2010. The estimation results obtained from the cointegration test and granger causality test within the framework of a VAR model did not support the Export-Led Growth hypothesis for Nigeria. The paper concludes that government must diversify the productive base of the economy, promote non-oil exports, and build up an efficient service infrastructure to drive private domestic and foreign investment
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HB Economic Theory