This study seeks to ascertain whether the Multi-Sectoral Balance of Payments Constrained Growth model is suitable to explain Nigeria's growth experience from 1981 to 2018. The paper explicitly incorporates the effects of intermediate imports and relative prices into the analysis. We employ the autoregressive distributed lag econometric procedure for the analysis. The outcome of the study shows that the Multi-Sectoral Balance of Payments Constrained Growth model correctly predicts Nigeria's growth path. It was found that manufactured export is one of the main determinants of the intermediate import demand function. Considerable reliance on this type of import to produce final exports could reduce the gains from trade, thus adversely affecting the GDP growth of the economy compatible with the BoP constrained growth model in the long run.

本研究旨在确定多部门国际收支限制增长模型是否适合解释尼日利亚从1981年至2018年的增长经验。本文将中间进口和相对价格的影响明确纳入分析。我们采用自回归分布滞后计量经济学程序进行分析。研究结果表明，多部门国际收支限制增长模型可以正确预测尼日利亚的增长路径。发现制成品出口是中间进口需求函数的主要决定因素之一。长期依赖此类进口来生产最终出口产品可能会减少贸易收益，从而长期影响与BoP约束增长模型相适应的经济的GDP增长。