Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration
This paper investigated the long run cointegration between export of agricultural raw materials, exchange rate and economic growth in Nigeria. An annual time series data was used for the period of 32 years from 1981 to 2013, and Auto Regressive Distributed Lags (ARDL) cointegration approach was empl...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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International Institute for Science, Technology & Education
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/61821/ http://psasir.upm.edu.my/id/eprint/61821/1/Export%20of%20agricultural%20raw%20materials%2C%20exchange%20rate%20and%20economic%20growth%20in%20Nigeria.pdf |
| _version_ | 1848854496151601152 |
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| author | Waziri, Salisu Ibrahim Mohamed Nor, Norashidah Mukhtar, Umar Mukhtar, B. G. |
| author_facet | Waziri, Salisu Ibrahim Mohamed Nor, Norashidah Mukhtar, Umar Mukhtar, B. G. |
| author_sort | Waziri, Salisu Ibrahim |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper investigated the long run cointegration between export of agricultural raw materials, exchange rate and economic growth in Nigeria. An annual time series data was used for the period of 32 years from 1981 to 2013, and Auto Regressive Distributed Lags (ARDL) cointegration approach was employed in achieving the objective of the study. The result revealed that, both short run and long run models were cointegrated. Agricultural raw material export and exchange rate are instatistically and negatively related to GDP with the exception of exchange rate. Therefore, this paper suggested as part of its policy recommendation that, the Federal Republic of Nigeria in line with its transformation agenda should focus more on human capital, infrastructural and agricultural sector development, and not only increase export of agricultural raw materials, but also encourage exportation of processed agricultural products for achieving inclusive economic growth and development. |
| first_indexed | 2025-11-15T11:10:47Z |
| format | Article |
| id | upm-61821 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:10:47Z |
| publishDate | 2017 |
| publisher | International Institute for Science, Technology & Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-618212019-01-30T03:53:47Z http://psasir.upm.edu.my/id/eprint/61821/ Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration Waziri, Salisu Ibrahim Mohamed Nor, Norashidah Mukhtar, Umar Mukhtar, B. G. This paper investigated the long run cointegration between export of agricultural raw materials, exchange rate and economic growth in Nigeria. An annual time series data was used for the period of 32 years from 1981 to 2013, and Auto Regressive Distributed Lags (ARDL) cointegration approach was employed in achieving the objective of the study. The result revealed that, both short run and long run models were cointegrated. Agricultural raw material export and exchange rate are instatistically and negatively related to GDP with the exception of exchange rate. Therefore, this paper suggested as part of its policy recommendation that, the Federal Republic of Nigeria in line with its transformation agenda should focus more on human capital, infrastructural and agricultural sector development, and not only increase export of agricultural raw materials, but also encourage exportation of processed agricultural products for achieving inclusive economic growth and development. International Institute for Science, Technology & Education 2017 Article NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/61821/1/Export%20of%20agricultural%20raw%20materials%2C%20exchange%20rate%20and%20economic%20growth%20in%20Nigeria.pdf Waziri, Salisu Ibrahim and Mohamed Nor, Norashidah and Mukhtar, Umar and Mukhtar, B. G. (2017) Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration. Journal of Economics and Sustainable Development, 8 (22). 76 - 86. ISSN 2222-1700; ESSN: 2222-2855 https://www.iiste.org/Journals/index.php/JEDS/article/view/39786 |
| spellingShingle | Waziri, Salisu Ibrahim Mohamed Nor, Norashidah Mukhtar, Umar Mukhtar, B. G. Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration |
| title | Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration |
| title_full | Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration |
| title_fullStr | Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration |
| title_full_unstemmed | Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration |
| title_short | Export of agricultural raw materials, exchange rate and economic growth in Nigeria: an ARDL approach to cointegration |
| title_sort | export of agricultural raw materials, exchange rate and economic growth in nigeria: an ardl approach to cointegration |
| url | http://psasir.upm.edu.my/id/eprint/61821/ http://psasir.upm.edu.my/id/eprint/61821/ http://psasir.upm.edu.my/id/eprint/61821/1/Export%20of%20agricultural%20raw%20materials%2C%20exchange%20rate%20and%20economic%20growth%20in%20Nigeria.pdf |