THE IMPACT OF EXTERNAL TRADE ON ECONOMIC GROWTH IN NIGERIA (1981-2014)

THE IMPACT OF EXTERNAL TRADE ON ECONOMIC GROWTH IN NIGERIA (1981-2014)

Project Details

THE IMPACT OF EXTERNAL TRADE ON ECONOMIC GROWTH IN NIGERIA (1981-2014)



Contact Chris Research

Description

This study investigated the impact of external trade on economic growth in Nigeria. It focused on the determinants of international trade in Nigerian economy from 1981 – 2014. The method of estimation is based on the use of multiple regression techniques using the regress and regressed terminology. Time series secondary data were used for the analysis. The secondary data were obtained from such publications as World Bank Digest of Statistics, Central Bank of Nigeria Statistical Bulletin, International Financial Statistics etc. The result of the coefficient shows that volume of trade and lag of real GDP are positively significant to country RGDP. An increase in these variables eventually leads to increase in total volume of real gross domestic product. It is therefore recommended that in order to promote growth and development, conscious efforts should be made in the formulation of policies to create enabling environment that will promote non-oil exports, ensure growth induced imports and promote the use of local raw materials.
Key words: External Trade, Growth and Economy
TABLE OF CONTENTS
CHAPTER ONE
1.1 Background of the Study
1.2 Problem of the Study
1.3 Objective of the Study
1.4 Statement of Research Question
1.5 Statement of Research Hypothesis
1.6 Justification of Study
1.7 Scope of the Study
1.8 Plan of the Study
CHAPTER TWO
2.0 Literature Review
2.1 Conceptual Review
2.1.1 Modern Theory of Trade
2.2 Theoretical Review
2.2.1 Foreign Trade and Economic Growth in Nigeria
2.3 Empirical Review
CHAPTER THREE
3.1 Introduction
3.2 Source of Data
3.3 Re-Statement of Research Hypothesis
3.4 Method of Data Analysis/Estimation Techniques
3.5 Model Specification
3.6 Criteria for Decision Making
CHAPTER FOUR
4.1 Introduction
4.2 Data Presentation
4.3 Presentation of Result
4.4 Interpretation of Result
CHAPTER FIVE
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendations
References
Appendix

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