EFFECT OF TRADE GLOBALIZATION ON THE REDUCTION OF POVERTY IN NIGERIA

EFFECT OF TRADE GLOBALIZATION ON THE REDUCTION OF POVERTY IN NIGERIA

Project Details

EFFECT OF TRADE GLOBALIZATION ON THE REDUCTION OF POVERTY IN NIGERIA



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Description

ABSTRACT

This research assessed the effect trade globalization on the reduction of poverty in Nigeria from 1997 to 2017. This adopts the econometric techniques of the Non-Monotonic modeling and the Analysis of variance (ANOVA) modeling. Secondary data was used for the estimation and was source from Central Bank Statistical Bulletin of 2017 volume. Results indicates international trade is playing a major role in economic growth of Nigeria but then, of all the variables applied as proxies to international trade, only Exchange rate (EXCHR) remains positive and significant while others remain insignificant. This indicates a major problem in the economy of the nation examined. It was concluded that not all the econometric test applied in this study show a statistically significant relationship between the dependent and independent variables from the model in both the long and short runs thus, foreign direct investment, exchange rate and total foreign trade has significant implications on the level of GDP in Nigeria. It therefore recommend that there should be an allowance for policies that allow access to a wider base of technological knowledge, it makes technological diffusion easier, it motivates research and avoids redundancies in research.

TABLE OF CONTENT

CHAPTER ONE: Introduction

1.1       Background of the study

1.2       Statement of problem

1.3       Objectives of the study

1.4       Research questions

1.5       Research hypotheses

1.6       Justification for the study

1.7       Scope of the study

1.8       Chapterisation of the Study

1.9       Definition of Terms

CHAPTER TWO: Literature Review

2.1        Conceptual Framework

2.1.1    Meaning of Trade Globalisation

2.1.2    Meaning of Poverty

2.1.3    Relationship between Trade Globalisation and Poverty

2.1.4    Factors linking trade globalisation and poverty reduction in Nigeria

2.1.5    Globalisation and the Nigerian Economy

2.2       Theoretical Framework

2.2.1    Theories of Poverty

2.2.2    Theories of Trade Globalisation

2.3       Empirical Review

CHAPTER THREE: Research Methodology

3.0       Introduction

3.1       Source of Data

3.2       Model Specification

3.3       Apriori Expectation

3.4       Methods of Analysis

3.5       Evaluation Criteria

3.5.1    Statistical Criterion

3.5.2    Econometric Criterion (Second Order Test)

CHAPTER FOUR: Data Presentation and Analysis of Result

4.0       Introduction

4.1       Restatement of Model

4.1.1    Data Presentation

4.2       Results and Discussions

CHAPTER FIVE: Summary, Conclusion and Recommendations

5.1       Summary

5.2       Conclusion

5.3       Recommendations

References

Appendix

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