Trade And Business Openness And Output Growth In Nigeria

155 pages Chapters 5 ID: BAM1253

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DepartmentBusiness Administration and Management
TypeProject
Pages155
Chapters5
FormatMS Word & PDF
Reference No.BAM1253

Abstract

TRADE AND BUSINESS OPENNESS AND OUTPUT GROWTH IN NIGERIA   ABSTRACT This research work studies the international competitiveness of the Nigerian economy in the global market by analyzing the relationship between trade openness and output growth in Nigeria. Using time-series data over the period 1970-2007, we show that output growth of the Nigeria economy is a function of two sets of shocks; (i) external shocks (openness and real exchange rate) and (ii) internal shocks (real interest rate and unemployment rate). A non-monotonic and an ANCOVA econometric models are postulated in  order to capt…

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