Yıl 2020, Cilt 11 , Sayı 1, Sayfalar 1 - 17 2020-06-30

Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach
Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach

Tomiwa ADEBAYO [1] , Abraham AWOSUSI [2] , Tolulope AJAYI [3]


This study aims to critically analyze the dynamic aid-growth interaction in Nigeria by revisiting the two-gap framework. The study utilized various unit root tests to verify the integration order of indicators utilized. The variables are integrated at a mixed level i.e. 1(0) and 1(1) thus, ARDL techniques were utilized to investigate the short and long-run interactions. Furthermore, a robustness check was carried out by utilizing FMOLS and DOLS. Findings of the FMOLS, and DOLS comply with the ARDL estimate. In the long run; (i) foreign aid, gross domestic saving and gross capital formation have positive and significant relationship with GDP growth while trade has an insignificant association with GDP growth; (ii) In the short run, all the independent variables have positive and significant link with GDP growth with the exemption of trade; (iii) the FMOLS and DOLS affirms the findings of the ARDL long-run estimate; and (iv) since trade has an insignificant relationship with GDP growth, this study refute the two-gap theory in the case of Nigeria. Recommendations are put forward based on the findings.
This study aims to critically analyze the dynamic aid-growth interaction in Nigeria by revisiting the two-gap framework. The study utilized various unit root tests to verify the integration order of indicators utilized. The variables are integrated at a mixed level i.e. 1(0) and 1(1) thus, ARDL techniques were utilized to investigate the short and long-run interactions. Furthermore, a robustness check was carried out by utilizing FMOLS and DOLS. Findings of the FMOLS, and DOLS comply with the ARDL estimate. In the long run; (i) foreign aid, gross domestic saving and gross capital formation have positive and significant relationship with GDP growth while trade has an insignificant association with GDP growth; (ii) In the short run, all the independent variables have positive and significant link with GDP growth with the exemption of trade; (iii) the FMOLS and DOLS affirms the findings of the ARDL long-run estimate; and (iv) since trade has an insignificant relationship with GDP growth, this study refute the two-gap theory in the case of Nigeria. Recommendations are put forward based on the findings.
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Birincil Dil en
Konular Sosyal
Bölüm Araştırma
Yazarlar

Orcid: 0000-0003-0094-1778
Yazar: Tomiwa ADEBAYO (Sorumlu Yazar)
Kurum: CYPRUS INTERNATIONAL UNIVERSITY
Ülke: Nigeria


Orcid: 0000-0002-3533-9181
Yazar: Abraham AWOSUSI
Kurum: NEAR EAST UNIVERSITY
Ülke: Nigeria


Orcid: 0000-0002-1745-6122
Yazar: Tolulope AJAYI
Kurum: EUROPEAN UNIVERSITY OF LEFKE
Ülke: Nigeria


Tarihler

Yayımlanma Tarihi : 30 Haziran 2020

Bibtex @araştırma makalesi { euljss789055, journal = {LAÜ Sosyal Bilimler Dergisi}, issn = {1309-2294}, eissn = {2148-8169}, address = {}, publisher = {Lefke Avrupa Üniversitesi}, year = {2020}, volume = {11}, pages = {1 - 17}, doi = {}, title = {Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach}, key = {cite}, author = {Adebayo, Tomiwa and Awosusı, Abraham and Ajayı, Tolulope} }
APA Adebayo, T , Awosusı, A , Ajayı, T . (2020). Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach . LAÜ Sosyal Bilimler Dergisi , 11 (1) , 1-17 . Retrieved from https://dergipark.org.tr/tr/pub/euljss/issue/56663/789055
MLA Adebayo, T , Awosusı, A , Ajayı, T . "Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach" . LAÜ Sosyal Bilimler Dergisi 11 (2020 ): 1-17 <https://dergipark.org.tr/tr/pub/euljss/issue/56663/789055>
Chicago Adebayo, T , Awosusı, A , Ajayı, T . "Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach". LAÜ Sosyal Bilimler Dergisi 11 (2020 ): 1-17
RIS TY - JOUR T1 - Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach AU - Tomiwa Adebayo , Abraham Awosusı , Tolulope Ajayı Y1 - 2020 PY - 2020 N1 - DO - T2 - LAÜ Sosyal Bilimler Dergisi JF - Journal JO - JOR SP - 1 EP - 17 VL - 11 IS - 1 SN - 1309-2294-2148-8169 M3 - UR - Y2 - 2020 ER -
EndNote %0 LAÜ Sosyal Bilimler Dergisi Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach %A Tomiwa Adebayo , Abraham Awosusı , Tolulope Ajayı %T Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach %D 2020 %J LAÜ Sosyal Bilimler Dergisi %P 1309-2294-2148-8169 %V 11 %N 1 %R %U
ISNAD Adebayo, Tomiwa , Awosusı, Abraham , Ajayı, Tolulope . "Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach". LAÜ Sosyal Bilimler Dergisi 11 / 1 (Haziran 2020): 1-17 .
AMA Adebayo T , Awosusı A , Ajayı T . Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach. LAÜ Sosyal Bilimler Dergisi. 2020; 11(1): 1-17.
Vancouver Adebayo T , Awosusı A , Ajayı T . Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach. LAÜ Sosyal Bilimler Dergisi. 2020; 11(1): 1-17.
IEEE T. Adebayo , A. Awosusı ve T. Ajayı , "Dynamic Aid-Growth Relationship in Nigeria: A Two-Gap Approach", LAÜ Sosyal Bilimler Dergisi, c. 11, sayı. 1, ss. 1-17, Haz. 2020