Globalization and Non-Oil Export Performance in Nigeria: A Bound
Cointegration Approach
Globalization and Non-Oil Export Performance in Nigeria: A Bound
Cointegration Approach
Author(s): Alimi Olorunfemi YasiruSubject(s): Globalization
Published by: Editura Universitară Danubius
Keywords: Trade openness; investment; non-oil exports; output; exchange rate;
Summary/Abstract: This study investigates the impact of globalization on non-oil export performance in Nigeria.Using time series data, the paper employed the Auto regressive Distributed Lag (ARDL) approach to analyse the relationship between globalization and non-oil export performance within the periods of 1970 to 2014.The results revealed that there is a long-run relationship between globalization and non-oil export performance in Nigeria. The parameter estimates showed that globalization, official development assistance,investment and exchange rate have positive impact on non-oil sector export in Nigeria. In addition, gross domestic product and foreign direct investment have negative impact on non-oil sector export performance in Nigeria. The study concludes that the impact of globalization on non-oil export performance is a long-run phenomenon. Thus, the government should adopt and implement trade policies that are capable of sustaining non-oil sector growth in Nigeria.
Journal: Euro Economica
- Issue Year: 36/2017
- Issue No: 02
- Page Range: 44-54
- Page Count: 11
- Language: English