Trade Openness And Output Growth In Nigeria: An Econometric Analysis (1970-2007)

156 pages ID: ECO1071

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DepartmentEconomics
TypeProject
Pages156
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO1071

Abstract

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 capture the structural pattern of the relationship between openn…

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Pages156
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