Empirical Investigation of the Impact of Exports on Economic Growth: Evidence from Nigeria, 1980-2016

Duru, Innocent U; Ezenwe, Uka

doi:10.18488/journal.135.2020.51.18.43

Cited by 5 publications

(7 citation statements)

References 33 publications

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“…The unfavourable investment climate in Nigeria is one of the likely reasons for this result. This finding contravenes the submissions of Duru and Ehidiamhen (2018) but agrees with the finding of Duru, Okafor, Adikwu, and Njoku (2020) and Duru and Ezenwe (2020). In addition, military outlay exerted a positive relationship with economic growth.…”

Section: Results Of the Bounds Test For Cointegrationsupporting

confidence: 88%

“…Another factor is the export of mainly primary products. This result corresponds with the suggestions of Rigobon and Rodrik (2005); Rodriguez and Rodrik (1999); Adhikary (2011);Bibi, Ahmad, and Rashid (2014); Qazi (2015); Olasode, Raji, Adedoyin, and Ademola (2015); Musila and Yiheyis (2015); Moyo, Nwabisa, and Hlalefang (2017); Moyo and Khobai (2018); Tyopev (2019); and Duru and Ezenwe (2020). However, the finding contravenes the suggestions of Nduka (2013); Olufemi (2004); Winters (2004); Sakyi (2011); Dao (2014); Ali and Abdullah (2015); Dabel (2016); Keho (2017); Yakubu and Akanegbu (2018); Elijah and Musa (2019) and Ajayi and Araoye (2019).…”

Section: Results Of the Long-run Relationshipsupporting

confidence: 87%

“…This implies that a unit increase in investment would result in a 0.001 per cent increase in economic growth. This finding contravenes the submissions of Duru and Ezenwe (2020) and but finds an advocate in Duru and Ehidiamhen (2018). In addition, military outlay had a positive and significant relationship with economic growth.…”

Section: Results Of the Long-run Relationshipsupporting

confidence: 47%

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Military Outlay and Economic Growth: The Scenarios of Lake Chad Basin Countries of the Republic of Chad and Nigeria

Duru

Eze

Okafor

et al. 2021

Growth

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This study examined the relationship between military outlay and economic growth in the Lake Chad Basin countries of Nigeria and the Republic of Chad respectively by testing the causal link between these two principal variables. The data ranges used for Nigeria and Chad were 1981-2019 and 1983-2019 respectively. The econometric method employed for this study was the Autoregressive Distributed Lag Bounds approach to cointegration. The results revealed that Nigeria's military outlay exerted a positive and insignificant relationship with economic growth. However, the Republic of Chad's military outlay had a positive and significant link with economic growth. The results of the causality test showed that there was no causal relationship between real GDP per capita and military outlay in both Nigeria and the Republic of Chad. These findings for Nigeria and Chad imply that they can pursue the policy objectives of defence and economic growth independently. The study, thus, recommends that the policymakers of the governments of both countries should pursue the policy objectives of defence and economic growth independently. Furthermore, the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and other Related Offences Commission (ICPC), charged with the responsibility of fighting corruption should rise to the occasion and track down military officials that divert defence funds for individual gains in Nigeria.

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Section: Results Of the Bounds Test For Cointegrationsupporting

confidence: 88%

Section: Results Of the Long-run Relationshipsupporting

confidence: 87%

Section: Results Of the Long-run Relationshipsupporting

confidence: 47%

See 1 more Smart Citation

Military Outlay and Economic Growth: The Scenarios of Lake Chad Basin Countries of the Republic of Chad and Nigeria

Duru

Eze

Okafor

et al. 2021

Growth

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“…To sum up, as HHI increases, GDP per capita also fluctuates higher which denotes that export diversification has direct positive relationship with economic growth in Afghanistan in the period spanning from 2008-2018. The above finding is supported by (Agosin, 2007;Duru and Ehidiamhen, 2018;Naude and Rossouw, 2008;Noureen and Mahmood, 2014).…”

Section: Trend Analysis Of Gdp Per Capita and Export Diversificationmentioning

confidence: 68%

“…The results reveal a negative relationship between economic growth and exports and the reason for which might be that exports decrease domestic consumption. Furthermore, (Duru and Ehidiamhen, 2018) found that export diversification has a positive and insignificant relationship with economic growth. They also found that TOP has negative insignificant influence on economic growth.…”

Section: Empirical Literaturementioning

confidence: 99%

Nexus between Export ?Diversification and Economic ??Growth: A Case Study of ?Afghanistan

Yama¹,

Wani²

2021

KJEMS

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Economic growth and acceleration of international trade has been a major concern for researchers all over the world. In this regard, this paper aims to investigate the relationship between export diversification and economic growth in Afghanistan. Economic growth in the long term is critical for Afghanistan to achieve political stability, self-reliance and sustainable economic development that have been, all together, committed to be implemented as part of the Sustainable Development Goals. This study used annual time series data for the period spanning from [2008][2009][2010][2011][2012][2013][2014][2015][2016][2017][2018] to analyze the relationship between export diversification and economic growth in Afghanistan. In order to analyze the effects of export diversification on economic growth, VAR model has been applied. The estimated results denote that there is positive relationship between export diversification and economic growth in Afghanistan. Other explanatory variables like trade openness, gross domestic fixed capital formation is in favor of economic growth. It is recommended that measures should be taken towards the identification of new export markets by working closely with its regional counterparts to streamline the administrative requirements in the region to increase market access, put greater emphasis on the production of higher-value-added products and invest in human capital through education and training of skilled labor for high-value services.

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Energy-growth hypothesis: testing non-linearity by considering production function approach for Spanish economy

Hassan

Mahmood

Yousaf

2022

Environ Sci Pollut Res

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Targeting output growth is among one the prime concern of any economy in both developing and developed worlds. Energy utilization and exports are important drivers that would help in boosting production activities in any economy. Therefore, beyond labor force and capital formation, exports and energy utilization can be among the important inputs for accelerating economic growth in any economy. This research is conducted to investigate the linear impact of exports and the non-linear effect of energy consumption on economic growth considering the production function approach in the Spanish economy. After considering the ARDL bounds test for a period from 1980-2019, the study provides evidence of inverted-U shaped effects of energy consumption on economic growth. The ndings also expose that exports, labor force and capital formation signi cantly accelerate economic growth in Spain. These ndings are consistent with the diagnostics applied in the study. This research proposes that energy consumption should not be increased beyond a certain threshold for reaping positive fruits for economic growth. Beyond that cutoff, it will become harmful to economic growth. Policy advisors may consider exports to target economic growth in Spain as it helps in expanding production activities in the Spanish economy.

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Empirical Investigation of the Impact of Exports on Economic Growth: Evidence from Nigeria, 1980-2016

Cited by 5 publications

References 33 publications

Military Outlay and Economic Growth: The Scenarios of Lake Chad Basin Countries of the Republic of Chad and Nigeria

Military Outlay and Economic Growth: The Scenarios of Lake Chad Basin Countries of the Republic of Chad and Nigeria

Nexus between Export ?Diversification and Economic ??Growth: A Case Study of ?Afghanistan

Energy-growth hypothesis: testing non-linearity by considering production function approach for Spanish economy

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