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THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE

Authors: ONAKOYA Adegbemi

Publication Type: Journal article

Journal: Ago Iwoye Journal Of Social And Behavioural Sciences

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Abstract

Utilizing both the McCombie (1989) and McGregor and Swale (1985) test. The study investigated the applicability of the extended BPC growth model using Nigeria as a case study of a developing economy. The empirical analyses using the ARDL cointeration framework reveal that both the demand for import and export supply is income inelastic, whilst the supply of export is a direct ans elastic function ofworld income. A percentage increase in world income will lead to 6.63 percent in exports. The results show that growth in exports, the growth in real exchange rate and terms of trade are crucial to the economic growth process in Nigeria in the short run. However, little evidence of longerun relationship between the variables exist.

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ONAKOYA,A. . (0000). THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE, 4 (), 60-60.

ONAKOYA,A. . "THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE" 4, no (), (0000): 60-60.

ONAKOYA,A. and . (0000). THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE, 4 (), pp60-60.

ONAKOYAA, . THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE. 0000, 4 ():60-60.

ONAKOYA,Adegbemi , . "THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE", 4 . (0000) : 60-60.

O.Adegbemi , "THE EXTENDED BALANCE OF PAYMENT CONSTRAINED GROWTH MODEL AND NIGERIA’S LONG-RUN GROWTH PERFORMANCE" vol.4, no., pp. 60-60, 0000.

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