@article { author = {A. Bolaji, Adesoye and Oluwaseyi Adedayo, Adelowokan and Y. Olorunfemi, Alimi}, title = {Time Series Analysis of Non-Oil Export Demand and Economic Performance in Nigeria}, journal = {Iranian Economic Review}, volume = {22}, number = {1}, pages = {295-314}, year = {2018}, publisher = {University of Tehran}, issn = {1026-6542}, eissn = {2588-6096}, doi = {10.22059/ier.2018.65366}, abstract = {T his study examines the impact of non-oil export demand on economic performance in Nigeria using annual time series data between 1975 and 2013. The study tests for the unit root and co-integration to determine the time series properties of our variables before using Vector Error Correction (VEC) model for both short- and long- run estimates and possible policy inferences. The results show that non-oil export has a positive impact on economic growth suggesting that policies formulated towards improving the export of non-oil commodities in Nigeria will directly boost output growth of other sectors such as agriculture, manufacturing, services etc. The findings also reveal a uni-causal link from export to growth in Nigeria, thereby, supporting the export-led growth hypothesis. The policy implication of this finding is that failure on the part of policy makers to increase non-oil exports will directly hurt the economy of Nigeria. This is also consistent with the findings in the short-run. It was also found that capital and labor have direct and significant impact on output growth.  }, keywords = {Keywords: Non-Oil Export Commodities,capital,Labor,government spending,Output Growth. JEL Classification: C32,E64,F11,F14,F43}, url = {https://ier.ut.ac.ir/article_65366.html}, eprint = {https://ier.ut.ac.ir/article_65366_76f2e6c3d5abd598d5a6ce8f6a8ff709.pdf} }