Proceedings of the 44th International Academic Conference, Vienna

TOTAL FACTOR PRODUCTIVITY AND MANUFACTURED EXPORT IN NIGERIA

TOPE ISAAC AWE

Abstract:

This study investigates the relationship between total factor productivity and manufactured export in Nigeria between 1973 and 2009. The study made use of time series data and adopted vector autoregressive (VAR) Model with its forecast error variance decomposition (FEVD) in investigating shock transmission among TFP and manufactured export. The study also estimates TFP in Nigeria using non-parametric approach. The empirical finding in the study revealed that TFP in Nigeria had been low and unstable, indicating a situation of poor and unstable technological growth in Nigeria. The study also found that both manufactured export and import of capital goods exhibited positive relationship with TFP in Nigeria. The findings also showed the existence of bi-directional causality between Total factor productivity and manufactured export in Nigeria. The paper recommended that government should improve technological efficiency i.e. TFP and import of capital goods in order to experience improvement in Nigeria manufactured export, government should also take drastic step in improving the growth of per capita output .

Keywords: Total Factor Productivity and Manufactured Export

DOI: 10.20472/IAC.2018.044.005

PDF: Download