AN EMPIRICAL APPROACH TO THE EFFECT OF NON-OIL EXPORT ON NIGERIAN ECONOMY

NWAFOR, Michael C (2018) AN EMPIRICAL APPROACH TO THE EFFECT OF NON-OIL EXPORT ON NIGERIAN ECONOMY. International Journal of Advanced Research (IJAR), 5 (6). ISSN 2320-5407

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Abstract

This research work focused on the effect of non-oil export on Nigerian Economy. Using Ordinary least squares regression technique, two hypotheses were formulated and tested using data spanning from 2004 to 2013. Results showed that non-oil exports have positive significant impact on economic growth of Nigeria and that non-oil exports have positive and significant impact on the value of Nigerian currency. It was recommended however that the export base of Nigeria should be diversified to favor the non-oil sectors to help reduce sector marginalization as this will also help cushion the effect of price shocks in the international oil (crude oil) market.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
L Education > L Education (General)
Divisions: Faculty of Management and Social Sciences
Depositing User: GOUNI ICT
Date Deposited: 06 Jun 2018 04:50
Last Modified: 06 Jun 2018 04:50
URI: http://eprints.gouni.edu.ng/id/eprint/237

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