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Determinants of Non-Oil Import in Nigeria From 1981 – 2016

Article scientifique 2022 Anglais

Résumé

Abstract This study investigated the determinant of non-oil import in Nigeria from 1981 – 2016 using Hechscher Ohlin theory. Different diagnostic test was carried out which include unit root test, co-integration test and Error correction model. The Augmented Dickey Fuller (ADF) and Philip-Peron unit root test was also carried out to check the long run and short run relationship of the variables. Co-integration test was carried out to determine if there is the existence of a long-run association between the variables. The ECM method was used to provide the relationship between the explanatory variables and the dependent variable. The ECM results revealed that factor abundance, gross domestic product and inflation are statistically significant while exchange rate and total reserve are statistically insignificant. Also, the result of the study revealed that all the explanatory variables are positively related to non-oil import in Nigeria except gross domestic product which is negatively related to non-oil import.

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(2022). Determinants of Non-Oil Import in Nigeria From 1981 – 2016. https://doi.org/10.21203/rs.3.rs-2063486/v1

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