TAILIEUCHUNG - Export of services and economic growth in Nigeria

Against the background of rising tradability and the productive nature of services as a result of the revolution in information and communication technology (ICT), this study examined the impact of services exports on economic growth in Nigeria. Time series estimations established a positive relationship between services export and economic growth after controlling for a number of variables. | Journal of Economics and Development August 2018 pp. 23-49 ISSN 1859 0020 Export of Services and Economic Growth in Nigeria Musibau Adetunji Babatunde University of Ibadan Ibadan Nigeria Email Received 02 October 2017 Revised 10 April 2018 Accepted 02 May 2018 Abstract Against the background of rising tradability and the productive nature of services as a result of the revolution in information and communication technology ICT this study examined the impact of services exports on economic growth in Nigeria. Time series estimations established a positive relationship between services export and economic growth after controlling for a number of variables. In addition causality was found to run from export of services to economic growth. This is an indication that services exports offered a new channel for growth that may be of significance for Nigeria especially when it is trying to get out of the slump in crude oil price and diversify her economy. Keywords Services growth exports co-integration Nigeria. JEL code F14 C22. Journal of Economics and Development 23 Vol. 20 August 2018 1. Introduction Traditional theories of economic growth postulated economic growth as the transition from agricultural production to industrial production with the manufacturing sector as the major driver of the growth. Hence the focus on manufactured exports led growth by a wide body of knowledge. Nonetheless one of the stylized facts of economic development is the rising share of services in the total output as per capita income increases Hoekman and Mattoo 2008 Mishra et al. 2011 . In addition the recent rapid growth of China and India has rekindled the debate on the importance of manufacturing and services in the growth process. The two countries have taken two different routes to achieve growth rates of nearly 7 percent per annum. While China has followed a more traditional manufacturing led growth strategy India s growth has been largely .

• Kinh tế học
• Co integration
• Economic growth in Nigeria
• Information and communication technology
• Micro services companies
• Traditional personal services
• Foreign direct investment
• Economic growth
• Cointegration approach
• Terms of cointegration
• Cointegration for the case of Tunisia
• Cointegration regression
• Papaya markets
• Panel cointegration
• Regression and causality analysis
• Causality analysis in papaya markets
• Threshold cointegration
• Oil price increase
• Chinese stock market
• Brent crude oil index
• Oil price
• Industrial production index
• Panel cointegration test
• Oil importing countries
• EVIEWS tutorial
• Cointegration
• error correction
• Data transformation
• Augmented Dickey Fuller
• ADF test results
• Electricity consumption
• Economic growth in Vietnam
• A cointegration
• Causality analysis
• This paper investigates
• Bounds testing to cointegration
• Effect of FDI
• GDP and FDI inflows to Vietnam
• Evidence from transition countries
• Natural resources
• Oil abundance
• Human capital development
• Autoregressive distributed lag
• Multivariate cointegration analysis
• International portfolio diversification
• Financial integration
• Linearity test
• Unit root test
• Cointegration test
• Treasury bond rates
• APEC’s countries
• Johansen cointegration test
• TYDL augmented VAR procedure
• Bond market behavior
• Carbon dioxide emissions
• Bayer hanck cointegration technique
• Autoregressive distributed lag test
• Regional concentrations
• lessee tenants
• Thalassemia Disorders
• Neuroblastoma and Whole
• Genome Searches
• Neuroblastoma
• Risk Factors
• Infancy to Adulthood
• Pathogenesis of Acute
• Kidney Injury
• Oxidative and Nitrosative
• Ischemic Acute
• Oxidation Processes
• Wastewater Treatment
• X Ray Microtomography
• Quality Analysis
• Computer Based
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• Econometric time series
• Applied econometric time series
• Lecture Applied econometric time series
• Chuỗi thời gian
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• Error correction models
• Exchange rate
• Trade balance
• Currency depreciation
• Instrumental variable
• Fully modified ordinary least square
• Economic development
• Time series
• Structural break
• Stock prices
• Oil prices
• Stock prices in saudi Arabia
• Commodity index
• Hedging effect
• Safe haven effect
• Stock markets
• Real exchange rate
• Cointegration analysis
• Stock return
• Trading volume
• Johansen’s cointegration test
• Impulse respond function
• Pairwise granger causality test
• Amman stock exchange
• Financial development
• Industrial production
• ARDL cointegration approach
• Industrial production in Nigeria
• Long run equilibrium
• Exchange Rate and Foreign Exchange Reserve
• Official website of Reserve Bank of India
• Software E – Views
• Cointegration Test and Unit Root Test
• Energy consumption in Saudi Arabia
• Economic growth and pollution in Saudi Arabia
• Long and short run relationships
• Cointegration test and corroborates
• The alternative renewable sources
• Tourism promoting policies
• Economic development in Thailand
• Estimated normalized cointegration vectors
• Input Output Table
• Set of macroeconomic factors
• Exchange rate affect non oil GDP
• Oil rich country
• Non oil gross domestic product
• Fully modified ordinary smallest square approach