time series analysis of non-oil export demand and economic performance in nigeria

This 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.