Price Distortions, Exports, and Economic Growth: Evidence from the Non-Oil Sectors of Nigeria

Authors

  • Benedict N Akanegbu Assoc. Professor of Economics, Dept. of Economic, School of Social Sciences, Nasarawa State University, Keffi, Nasarawa State, Nigeria

DOI:

https://doi.org/10.18488/journal.11/2014.3.1/11.1.1.15

Abstract

This study examines the effects of price distortions on output in the non-oil sectors of the Nigerian economy. Specifically, the study tests the hypothesis: that price distortions are inversely related to non-oil output on the supply side; and also inversely related to the aggregate demand component such as non-oil exports on the demand side. The study adopts a model based on a modified neoclassical production function where non-oil exports are taken as production input. The analysis confirms the view that price distortions have significant negative influence on the non-oil sectors of the Nigerian economy.

Keywords:

Price distortions, Economic growth, Exports, Non-oil sectors, Neo-classical production function, Oil-boom, Misallocated resources

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Published

2013-12-27

How to Cite

Akanegbu, B. N. (2013). Price Distortions, Exports, and Economic Growth: Evidence from the Non-Oil Sectors of Nigeria. International Journal of Management and Sustainability, 3(1), 1–15. https://doi.org/10.18488/journal.11/2014.3.1/11.1.1.15

Issue

Vol. 3 No. 1 (2014)

Section

Articles