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Monetary Policy and Export Diversification in Nigeria

Author

Listed:
  • Philip Ifeakachukwu Nwosa

    (Department of Economics, Faculty of Social Sciences, Federal University Oye-Ekiti, Ekiti State. Nigeria)

  • Akinyemi Alao Ajibola

    (Department of Economics, Accounting and Finance, College of Management Sciences, Bells University of Technology, Ota, Ogun State, Nigeria)

Abstract

This study examined the extent to which monetary policy has influenced export diversification in Nigeria for the period 1962 to 2014. The study employed descriptive and ordinary least squares techniques. The descriptive analysis revealed that the diversification exercise in Nigeria can only be expressed as average.

Suggested Citation

  • Philip Ifeakachukwu Nwosa & Akinyemi Alao Ajibola, 2018. "Monetary Policy and Export Diversification in Nigeria," Valahian Journal of Economic Studies, Sciendo, vol. 9(1), pages 17-28, April.
    • Handle: RePEc:vrs:vaecst:v:9:y:2018:i:1:p:17-28:n:2
    DOI: 10.2478/vjes-2018-0002
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    References listed on IDEAS

    as
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    5. Brainard, William C. & Cooper, Richard N., 1968. "Uncertainty and Diversification in International Trade," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 8(3), pages 1-29.
    6. Osakwe, Patrick N., 2007. "Foreign Aid, Resources and Export Diversification in Africa: A New Test of Existing Theories," MPRA Paper 2228, University Library of Munich, Germany.
    7. Hvidt, Martin, 2013. "Economic diversification in GCC countries: past record and future trends," LSE Research Online Documents on Economics 55252, London School of Economics and Political Science, LSE Library.
    8. Prebisch, Raúl, 1950. "The economic development of Latin America and its principal problems," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 29973, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monetary policy; export diversification; economic growth; Nigeria;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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