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

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  • Benedict N Akanegbu

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.

Suggested Citation

  • Benedict N Akanegbu, 2014. "Price Distortions, Exports, and Economic Growth: Evidence from the Non-Oil Sectors of Nigeria," International Journal of Management and Sustainability, Conscientia Beam, vol. 3(1), pages 1-15.
    • Handle: RePEc:pkp:ijomas:v:3:y:2014:i:1:p:1-15:id:939
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