Nigeria's Non-Oil Exports: Determinants of Supply and Demand, 1970-1990

May 1, 1994

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Inutu Lukonga. Nigeria's Non-Oil Exports: Determinants of Supply and Demand, 1970-1990, (USA: International Monetary Fund, 1994) accessed November 8, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper reviews Nigeria’s non-oil export performance during the period 1970-90, analyzes the factors underlying the dismal performance, and estimates the supply-price elasticity of the exports for both the short and long run. A distinguishing feature of the analysis is the incorporation of the effect of domestic demand in the export supply equation for agricultural commodity exports--a feature usually reserved for the manufactured goods where it is generally assumed that domestic demand competes with export demand. The results provide evidence of the adverse effects of restrictive government policies on exports and underscore the utility of pricing policy in eliciting export supply.

Subject: Agricultural commodities, Agricultural exports, Commodities, Export performance, Export prices, Exports, International trade, Prices

Keywords: Agricultural commodities, Agricultural exports, Commodity, Commodity export, Demand, Europe, Export, Export behavior, Export commodity, Export demand function, Export industries increase, Export performance, Export prices, Export promotion measure, Export promotion policy, Export promotion strategy, Export response, Export supply, Export supply function, Exports, Oil export, Price, West Africa, WP

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1994/059
Stock No:

WPIEA0591994
ISBN:

9781451965841
ISSN:

1018-5941

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