Export and Economic Growth: The Nigerian Perspective

EBO, B.O (2019) Export and Economic Growth: The Nigerian Perspective. In: 16th iSTEAMS Multidisciplinary Research Nexus Conference, 9th – 11th June, 2019, The Federal Polytechnic, Ilaro.

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Mercantilism, the mercantilist theory of Adam Smith that trade increases wealth hold till the present day. The increased wealth is in terms of human, economic and technological development. The significance of foreign currency reserve to the economic development of any nation especially developing ones cannot be overemphasised. The major source of foreign currency has been from export of goods and services to nations of the world. Debates on the nexus of export and economic growth, has been on for decades, and continuing till date. The premise of this paper is the evaluation of export and its implications for the development of Nigerian, a mono export economy, between 2006 and 2015. Secondary data sourced from statistical bulletin of the Central Bank of Nigeria and National Bureau of Statistics for ten years to 2018 was used in this study. Ordinary least square technique of the SPSS was employed in analysing the data. A positive correlation exists between export and gross domestic product (GDP). Generally, export positively impact on economic growth which was the case in Nigeria context due to enormous income from oil export, the major export item of the country. Impact of export on Nigerian economic development would have immensely manifested if other non-oil exportable items were developed. The government should improve on the available infrastructure and provide other enabling environment to encourage enterprise in non-oil exportable goods.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Miss Ayomikun Ogunbadejo
Date Deposited: 02 Jun 2020 15:20
Last Modified: 02 Jun 2020 15:20
URI: http://eprints.federalpolyilaro.edu.ng/id/eprint/321

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