Economic growth, investment and export performance in Nigeria 1970–2006 Online publication date: Mon, 27-Jun-2011
by O. Olayinka Akinlo
International Journal of Business and Emerging Markets (IJBEM), Vol. 3, No. 3, 2011
Abstract: The paper examines the relationship between export, economic growth and investment (domestic and foreign) for Nigeria over the period 1970–2006 using Vector Autoregressive (VAR) technique and variance decomposition analysis. The results from the cointegration analysis suggest that there is a long-run equilibrium relationship. Economic growth and Foreign Direct Investment (FDI) have small, and not a statistically significant effect, on export. In addition, the results show that innovations in each variable are mainly due to own innovation. The results show no evidence of causality running from economic growth to export. The paper demonstrates the fact that in oil-rich economies like Nigeria economic growth and investment do not significantly affect export performance.
Online publication date: Mon, 27-Jun-2011
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business and Emerging Markets (IJBEM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com