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The paper investigates the role of global supply chains in explaining the trade collapse of 2008-2009 and the long-term variations observed in trade elasticity. Building on the empirical results obtained from a subset of input-output matrices and the exploratory analysis of a large and...
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Nigeria for the period of 1981 to 2015. After establishing a long run relationship among the variables, the error correction … economic growth supporting the Keynesian and spend-tax hypothesis in Nigeria over the period of the study. We recommend that … the economy of Nigeria should be diversified into non-oil sector rather than relying solely on revenue from oil export. …
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