Economics Department

 

Date of this Version

2014

Document Type

Article

Citation

Journal for the Advancement of Developing Economies, Volume 3, Issue 1, 2014, pp. 69-83.

doi:10.13014/K2K64G89

Comments

Copyright 2014 JADE

Abstract

The effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent need for economic diversification in the country. Although no country is immune to such global crises, the over reliance on oil export revenue by Nigeria expose her economy excessively to external shocks. Therefore, this research examines the impact of aggregate non-oil sector and its determinant on economic growth. The bound test approach was explored to examine the long and short run effects of the non-oil export and its ensuing determinants. The result reveals a significant effect of non-oil export on economic growth in both the long and short run. Policies aimed at boosting the level and significance of the non-oil export were proposed.

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