EXPORT AND GROWTH IN THE NIGERIAN ECONOMY A CAUSALITY TEST'
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Using Granger causality test, th is paper examines the question of
pairwise causal relationships between total export (oil export) and GDP
of Nigeria during the period 1960-1985. Both simple and instantaneous
causality tests were carried out along the line proposed by Pierce and
Haugh (1977).
The tests results show the existence of strict econometric exogeneity
between export and GOP and a un idirectional causality from GDP to
Oil export. The statistical evidence thus imply a rejection of the export
promotion policies as effective development strategies in Nigeria. But
in the instantaneous framework a feedback effect is observed and this
consolidates the export promotion hypothesis contemporaneously.
Keywords
H Social Sciences (General), HB Economic Theory, HC Economic History and Conditions