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- Title
INTERNATIONAL DEMONSTRATION EFFECT AND DOMESTIC SAVINGS IN NIGERIA: AN ECONOMETRIC ANALYSIS.
- Authors
AGBAWN, MATTHEW ONALO; ODERINDE, LUKMON OLADELE
- Abstract
The view posited by the International Demonstration Effects hypothesis is that exposure to developed country's consumption pattern will have negative effect on less developed countries domestic resource mobilization for development. This paper therefore attempts a validation of the international Demonstration Effect Hypothesis in Nigeria. The study employed annual time series data sourced from world development Indicators for the period 1996 and 2021. Autoregressive Distributed lag model (ARDL model) was adopted as the estimation technique for the study. The empirical results of the estimated models do not support the hypothesis that international demonstration effect when proxied with percent of the population with access to the internet depresses savings mobilization efforts in Nigeria over the period of the analysis. It is recommended that more rigorous analysis and alternative proxies be explored before a conclusive position could be taken on the proposition.
- Subjects
NIGERIA; DEVELOPING countries; RESOURCE mobilization; INTERNET access; TIME series analysis
- Publication
Journal of Academic Research in Economics, 2024, Vol 16, Issue 1, p7
- ISSN
2066-0855
- Publication type
Article