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引用次数: 0
摘要
制造业是一个工业组成部分,被广泛视为社会和经济发展的基石。本研究调查了 1981-2019 年期间尼日利亚制造业出口绩效的驱动因素。鉴于模型中存在内生性问题,本研究在动态时间序列估计中采用了 GMM 估计器。制造业出口绩效采用制造业出口增长率、制造业出口占 GDP 的百分比以及制造业出口占出口总额的百分比来衡量。研究结果表明,贸易开放程度的提高、制造业附加值的增加、金融服务的获取、相对价格以及通过外国直接投资提高投资水平,这些因素被认为是有可能提高尼日利亚制造业出口绩效的决定性因素。基于这些发现,政策影响包括为制造业提供充足的资金和增加信贷分配,以及实施旨在促进获得金融服务的政策,以确保有效分配给首选部门。尼日利亚政府应实施消除贸易壁垒的政策,同时也应推行促进国家超常发展的政策。本文的结论部分将深入讨论根据实证研究结果提出的其他政策建议。
Drivers of Manufacturing Export Performance in Nigeria: An Application of the GMM Estimation Approach
Manufacturing is an industrial component that is widely regarded as the cornerstone of both social and economic development. This study investigates the drivers of manufacturing export performance in Nigeria for the period 1981-2019. Given the existence of endogeneity problem in the model, the study under a dynamic time series estimation employed GMM estimator. Manufacturing exports performance was measured using growth rate of manufactured exports, percentage of manufacturing export in GDP and manufactured export as percentage of total export. The results show that improvement in the degree of trade openness, increasing manufacturing value added, access to financial services, relative prices and increasing investment level through FDI were found to be the determinant factors that have tendency to enhance manufacturing exports performance in Nigeria. Based on these findings, policy implications include providing adequate financing and increasing credit allocation to the manufacturing sector, as well as implementing policies aimed at promoting access to financial services in order to ensure efficient distribution to the preferred sector. The Nigerian government should implement trade barriers-removal policies while also promoting policies that lead to the country's exceptional advancement. Other policy recommendations derived from the empirical findings are thoroughly discussed in the concluding part of the paper.