Record Details

International trade and economic growth in Nigeria: An auto regressive and distributed LAG bound test approach

Journal of Economics Library

View Archive Info
 
 
Field Value
 
Title International trade and economic growth in Nigeria: An auto regressive and distributed LAG bound test approach
 
Creator UZONWANNE, Maria Chinecherem; NNAMDI AZIKIWE UNIVERSITY AWKA, ANAMBRA STATE, NIGERIA
 
Subject Economic Growth; Exports; Factor Endowment; Imports; ARDL.
F14; F43.
 
Description Abstract. This paper empirically investigated the impact of international trade on economic growth in Nigeria during the period 1981 – 2017. To achieve the purpose of this research, we estimated real GDP as a function of imports, exports, gross fixed capital formation, unemployment rates and exchange rate. The methods used are: the Autoregressive Distributed Lag (ARDL) techniques, Augmented Dickey- Fuller unit root test, Johansen co-integration test, error correction technique, and the Granger causality test. The empirical results revealed that: all the variables used are integrated of the same order, 1(1) except for unemployment and gross fixed capital formation which were integrated of order 1(0); also, the bound test revealed that there is evidence of the existence of a long run relationship among the variables used; while the causality test revealed that exports granger causes economic growth in Nigeria. Findings revealed that there is short run impact of export trade on economic growth. Also, causality runs from imports and exports to economic growth in Nigeria. Based on these findings, the study therefore recommends among other things that: the government should improve on her trade contents and concentrate on the exportation of labour intensive products and as a result, improve economic performance.Keywords. Economic growth, Exports, Factor endowment, Imports, ARDL.JEL. F14, F43.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2020-04-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/2024
10.1453/jel.v7i1.2024
 
Source Journal of Economics Library; Vol 7, No 1 (2020): March; 1-18
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/2024/2045
 
Rights Copyright (c) 2020 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0