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Rivers State University, Port Harcourt.
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| Title: | Impact Of Non-oil Exports On Economic Growth In Nigeria (19812018) |
| Author(s): | OCHEJE Faith E. |
| Abstract: | This paper examined the contributions of non oil exports to economic growth in Nigeria between 1981 and 2018. The unit root test results reveal that the variables are mixed integrated. It was observed from the Johansen cointegration test that the variables have long run relationship. The ARDL results indicate that palm oil export has significant positive impact on GDP in the short run., In the short run, cocoa export lagged values were found to be negatively related to economic growth. Furthermore, the longterm results revealed that exports of palm oil and cocoa have strong positive correlations with GDP. As can be seen from their respective coefficients, a rise in palm export leads to an increase in GDP of 22.625 units. Groundnut and rubber exports, like the shortrun outcomes, have little impact on GDP in the long run. The Granger causality test reveals that unidirectional causality exists between palm oil, groundnut, and rubber exports and GDP. It was also discovered that cocoa exports and GDP had a bidirectional causal relationship. In order to support quick and sustained growth of the Nigerian economy, policymakers should ensure that palm oil and cocoa exports are emphasized in the diversification of the export base. |
| Keywords: | Nonoil export, Economic growth, Granger Causality, ARDL and Stationary Test |
| Journal: | Economic and Social Science Review (ESR) |
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