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Short-Run and Long-Run Effects of Non-Oil Trade Export on Economic Growth in Nigeria

机译:非石油贸易出口对尼日利亚经济增长的短期和长期影响

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This study examined the short and long run effects of non-oil trade export on economic growth in Nigeria. Descriptive statistics and inferential statistics (unit root test, Johansen cointegration and error correction mechanism) were employed as the estimation techniques. The time series data on non-oil export (proxied by non-oil total trade, balance of trade, exchange rate and inflation rate); and economic growth (proxied by growth rate of Real Gross Domestic Product) were sourced and obtained from the Central Bank of Nigeria Statistical Bulletin and Nigerian Bureau of Statistics over a period of thirty (33) years (1986–2018). The study showed that non-oil total trade, balance of trade and exchange rate have positive and significant effects on economic growth in Nigeria while inflation rate has no significant effect on economic growth in Nigeria. Based on the finding of the study, it was concluded that non-oil trade export has positive and significant effects in the short run and long run on economic growth in Nigeria. It is recommended that full attention should be directed to the non-oil sector in other to make our produce competitive in international market.
机译:本研究审查了非石油贸易出口对尼日利亚经济增长的短期和长期影响。描述性统计和推理统计(单位根测试,约翰森协整和纠错机制)作为估计技术。关于非石油出口的时间序列数据(由非油总贸易,贸易平衡,汇率和通货膨胀率);和经济增长(由国内生产总值的增长率)是从尼日利亚统计公报和尼日利亚统计局的统计数据库(1986-2018)的统计数据库中获取和获得。该研究表明,非石油总贸易,贸易平衡和汇率对尼日利亚的经济增长具有积极效益和显着影响,而通货膨胀率对尼日利亚的经济增长没有显着影响。基于该研究的发现,得出的结论是,非石油贸易出口在尼日利亚的短期内具有积极和显着影响,延长经济增长。建议完全关注非石油部门,以便在国际市场中产生竞争力。

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