文章基本信息

标题：Cointegration and Causality between Exports and Economic Growth: Evidence from Nigeria
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作者：Mukhtar Wakil Lawan
期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2017
卷号：8
期号：14
页码：91-99
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The study examines the long run link between export components of oil, non-oil sector and economic growth in Nigeria for the period 1981 - 2015. The empirical analysis is based on Johansen’s cointegration technique to establish the long run relationship, and Granger causality test within a vector autoregressive framework to determine the direction and short run causality. The results support the growth-led export hypothesis in the long run and export-led growth hypothesis in the short run. Hence, the study recommends that current macroeconomic policies aimed at promoting investment in the non-oil sector should be expanded, and profit based market incentives should be increased to encourage more active labour participation in the non-oil sector of the Nigerian economy. Keywords: Cointegration, Causality, Exports, Economic growth, VAR
其他摘要：The study examines the long run link between export components of oil, non-oil sector and economic growth in Nigeria for the period 1981 - 2015. The empirical analysis is based on Johansen’s cointegration technique to establish the long run relationship, and Granger causality test within a vector autoregressive framework to determine the direction and short run causality. The results support the growth-led export hypothesis in the long run and export-led growth hypothesis in the short run. Hence, the study recommends that current macroeconomic policies aimed at promoting investment in the non-oil sector should be expanded, and profit based market incentives should be increased to encourage more active labour participation in the non-oil sector of the Nigerian economy. Keywords: Cointegration, Causality, Exports, Economic growth, VAR
关键词：Cointegration; Causality; Exports; Economic growth; VAR