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EXPORT AND GROWTH IN THE NIGERIAN ECONOMY A CAUSALITY TEST'

Alege, P. O. (1993) EXPORT AND GROWTH IN THE NIGERIAN ECONOMY A CAUSALITY TEST'. INDIAN JOURNAL OF ECONOMICS, LXXIII (III). pp. 397-416.

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Abstract

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.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 15 Mar 2015 17:54
Last Modified: 15 Mar 2015 18:05
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3943

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