Abstract
Time-Varying Model for Non-Oil Export Volatility in Nigeria
Highlights
It is unequivocally indisputable that the export activities of a nation play important role in the macroeconomic performance of its economy and ceteris paribus, have the tendency of improving the gross domestic product (GDP) and general welfare of the people
This paper proposes a Bayesian time-varying parameter dynamic linear model to investigate major non-oil export predictors in the Nigerian economy
Empirical results show that Gross Domestic Product (GDP) and Lending Rate predict the level of fluctuation in non-oil export in Nigeria for the period under consideration
Summary
It is unequivocally indisputable that the export activities of a nation play important role in the macroeconomic performance of its economy and ceteris paribus, have the tendency of improving the gross domestic product (GDP) and general welfare of the people. This assertion has been corroborated in literature by Adenugba and Dipo (2013) as well as Sheridan (2014) who are of the view that export stimulates IASSL ISSN-2424-6271. This is in line with the Sustainable Development Goal 12 (SDG-12) which advocates for sustainable consumption and production patterns in an economy
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