COINTEGRATION AND ERROR CORRECTION MODELS IN FISH EXPORT AND ECONOMIC GROWTH IN NIGERIA
Hussain Kehinde Ogunbadejo (Phd) and Lawal Ojo Jim-Saiki
Volume 3 Issue 2
Abstract
The study uses cointegration and error-correction models to examine the causal link between Nigerian fishery exports and economic growth. The study established evidence of a long-term association as well as a bi-directional causality between fishery exports and economic growth in Nigeria's fishing sector using annual data from 1980 to 2021. The results support the idea that there is no immediate cause-and-effect connection between the variables. The study recommended that the government should concentrate its efforts in this area in order to increase the productivity of the fishing sector and consequently, its potentials for output, which would ultimately encourage economic growth. Keywords: Economic Growth, Fish Exports, Cointegration, Error-Correction Models
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