Determinants of Nigeria's non-oil import demand.

Authors

  • Eme Ichoku Hyacinth
  • Alwell Nteegah
  • Marius Ikpe

Keywords:

Non-oil import demand, Econometric model, Static specification, Insignificant relationship, Nigerian economy, C32, F14, F17

Abstract

Primarily, the study assesses the determinants of non-oil import demand in Nigeria. This is aimed at measuring the relative strengths and nature of effects of the variables that determine Nigeria’s non-oil import demand, and subsequently assessing the extent to which results are in conformity with those previously obtained on a wider aggregate of the Nigerian economy. An econometric method of analysis was employed. Results indicate deviations from the findings of earlier studies, as two key variables previously reported as significant (real exchange rate and real income) showed insignificant causational relationships in the model.

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Published

2015-10-16

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Section

Articles