© Cbn Journal Of Applied Statistics . 2014. Vol. 5 No. 1
Publisher: Central Bank of Nigeria
Foreign Trade-Economic Growth Nexus: Evidence From Nigeria
Nosakhare L. Arodoye, Milton A. Iyoha
KEYWORDS: Foreign Trade, Economic Growth, VAR and Nigeria.
ABSTRACT:This study examines the nexus between foreign trade and economic growth in Nigeria using quarterly time-series data for 1981Q1 through 2010Q4. In order to fully account for feedbacks, a vector autoregressive model is utilized. The results show that there is a stable, long- run relationship between foreign trade and economic growth. The variance decomposition results show that the predominant sources of Nigeria economic growth variation are due largely to “own shocks” and foreign trade innovations. The study therefore recommends adoption of trade expansion policies as a means of accelerating economic growth in Nigeria
OTHER ITEMS THAT MIGHT INTEREST YOUDoes Globalization Contribute To Economic Growth In Developing Countries? Some Empirical Lessons From Nigeria.Capital Market Efficiency And Economic Growth In NigeriaStock Market Performance And Economic Growth In Nigeria; A Causality InvestigationImpact Of Democracy On Foreign Direct Investment And Economic Growth In NigeriaThe Relationships Of Inflationary Trend, Agricultural Productivity And Economic Growth In Nigeria