A Disaggregated Analysis On The Impact Of Non-Oil Export On Economic Growth In Nigeria
| Main Authors: | Oyefabi Ilemobola Solomon, Murtala Usman Tukur, Saheed Zakaree |
|---|---|
| Format: | Article eJournal |
| Bahasa: | eng |
| Terbitan: |
, 2018
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/3490345 |
Daftar Isi:
- The main focus of the study is to examine the extent at which non-oil has significantly impacted the growth of the Nigerian economy. In order to achieve this, annual time-series data over a period of 36 years (1981-2016) for all variables were obtained from the Central Bank of Nigeria Statistical Bulletin. The non- oil export products were disaggregated into agricultural, manufacturing and solid minerals exports in order to examine their exact impact on the Nigerian economy. The regression analysis was estimated using a simultaneous equation technique, specifically, the 2-stage least square, having found that the equation was overidentified. The results obtained affirmed that non-oil exports: agricultural products, manufacturing goods, and solid minerals have a positive and significant impact on the Nigerian economy. The study, therefore, advocates for Government relentless effort in stimulating the growth of the non-oil export products, especially the agricultural and manufacturing export components through a robust capital investment in these sectors, as the non-oil sector has the potentials to unlock and stimulate the country’s economic performance and facilitate sustainable development