ECONOMETRIC ANALYSIS OF EXPORTS AND ECONOMIC GROWTH IN NIGERIA
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Scientific Papers
Abstract
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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 product base of the economy, promote non-oil exports, and
build up an efficient service infrastructure to drive private domestic and foreign investment.
Keywords
H Social Sciences (General), HB Economic Theory