Does Trade Openness Engineer Economic Growth in Nigeria? (Empirical Evidence Covering 1991 to 2013)

Does Trade Openness Engineer Economic Growth in Nigeria? (Empirical Evidence Covering 1991 to 2013)

Ebere Ume Kalu

Contact

Chuke E Nwude

Contact

Nwonye Nnenna

Contact

University of Nigeria

Does Trade Openness Engineer Economic Growth in Nigeria? (Empirical Evidence Covering 1991 to 2013)

Article Fingerprint

ReserarchID

JJJBV

Does Trade Openness Engineer Economic Growth in Nigeria? (Empirical Evidence Covering 1991 to 2013) Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

This study examined whether trade openness engineers economic growth in Nigeria. The motivation stems from evaluating whether there is a significant contribution from trade openness proxied by net export (NEXP) to economic growth in Nigeria (GDP). The study employed the Classical Linear Regression Model (CLRM) using secondary data from 1991 to 2013. The ordinary Least Square Regression method represents the principal method of estimation combined with an array of other general/standard and diagnostic tests. The R2 explains that 97.7% of variation in GDP in the model is explained by the principal regressors. Export was found to be a positive and significant function of GDP but Import was positive and non-significant. This is consistent with theory as economies grow from exporting more than they import all things being equal.

References

24 Cites in Article

Reference Format

I Adelman (1984). Beyond Export-Led Growth.
Y Ahmed (1993). Bank of the North Pamphlets on Agricultural Financing. Various circulars and Policy Guidelines on Agricultural Financing in Bank of the North Limited.
R Anyanwu,D Jukes (1990). Food Safety control systems for developing countries.
J Anyanwu (1977). The Structure of Nigeria Economy.
S Anyanwu,U Ibekwe,O Adesope (2010). Figure 1.3. Africa’s output as a share of global gross domestic product, 2000-26.
T Awokuse (2008). Does Agriculture Really Matter for Economic Growth in Developing Countries?.
D Cervantes-Godoy,J Dewbre (2010). Economic Importance of Agriculture for Poverty Reduction.
Douglas Gollin,Stephen Parente,Richard Rogerson (2002). The Role of Agriculture in Development.
Yujiro Hayami,Vernon Ruttan (1970). Factor Prices and Technical Change in Agricultural Development: The United States and Japan, 1880-1960.
A Hirschman,M Rothschild (1973). Changing tolerance for income inequality development.
D Washington (Nove). American Economic Association.
E Hwa (1988). The Contribution of Agriculture to Economic Growth: Some Empirical Evidence.
B Johnston,J Mellor (1961). The Role of Agriculture in Economic Development.
Dale Jorgenson (1961). The Development of a Dual Economy.
W Levis (1954). Economic development with unlimited supplies of labour.
M Obadan,O Obayelu (2000). Savings, Investment and Growth Connections in Nigeria: Empirical Evidence 19.
T Odetola,Etunmuc (2013). Contributions of Agriculture to Economic Growth in Nigeria.
O Olajide,B Akinlabi,A Tijani (2012). Agricultural Resource and Economic Growth in Nigeria.
A Osuala (2010). Unknown Title.
Simon Goes,J (2013). Dissertation and Scholarly Research Recipes for Success.
G Ranis,J Fei (1961). A theory of economic development.
Ruttan Vernon,W (1985). The microeconomic approach to induced innovation: a reformulation of the Hayami and Ruttan model.
C Thirtle,L Lin,J Piesse (2003). The Impact of Research Led Agricultural Producivity Growth on Poverty Reduction in Africa, Asia and Latin America.
C Tirmner (1995). The Turnip, the New Husbandry, and the English Agricultural Revolution.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ebere Ume Kalu. 2016. \u201cDoes Trade Openness Engineer Economic Growth in Nigeria? (Empirical Evidence Covering 1991 to 2013)\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B4).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 16 Issue B4

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-B Classification JEL Code: A10

Submission ReceivedDecember 11, 2015
Peer Review Double Blind
Handling Editor
Accepted January 2, 2016
Published January 15, 2016

Version of record

v1.2

Issue date

May 21, 2016

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 103

Country: Nigeria

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Ebere Ume Kalu, Chuke E Nwude, Nwonye Nnenna (PhD/Dr. count: 0)

View Count (all-time): 155

Total Views (Real + Logic): 3776

Total Downloads (simulated): 1906

Publish Date: 2016 05, Sat

Monthly Totals (Real + Logic):

Month 1: 44 views
Month 2: 31 views
Month 3: 55 views
Month 4: 46 views
Month 5: 44 views
Month 6: 41 views
Month 7: 24 views
Month 8: 43 views
Month 9: 21 views
Month 10: 30 views
Month 11: 42 views
Month 12: 36 views
Month 13: 26 views
Month 14: 34 views
Month 15: 23 views
Month 16: 26 views
Month 17: 36 views
Month 18: 28 views
Month 19: 27 views
Month 20: 26 views
Month 21: 36 views
Month 22: 34 views
Month 23: 41 views
Month 24: 38 views
Month 25: 18 views
Month 26: 21 views
Month 27: 30 views
Month 28: 29 views
Month 29: 38 views
Month 30: 39 views
Month 31: 40 views
Month 32: 23 views
Month 33: 28 views
Month 34: 25 views
Month 35: 37 views
Month 36: 34 views
Month 37: 22 views
Month 38: 24 views
Month 39: 21 views
Month 40: 16 views
Month 41: 31 views
Month 42: 26 views
Month 43: 30 views
Month 44: 22 views
Month 45: 17 views
Month 46: 23 views
Month 47: 17 views
Month 48: 23 views
Month 49: 27 views
Month 50: 25 views
Month 51: 33 views
Month 52: 28 views
Month 53: 37 views
Month 54: 25 views
Month 55: 22 views
Month 56: 40 views
Month 57: 40 views
Month 58: 29 views
Month 59: 26 views
Month 60: 18 views
Month 61: 32 views
Month 62: 24 views
Month 63: 32 views
Month 64: 32 views
Month 65: 37 views
Month 66: 15 views
Month 67: 22 views
Month 68: 26 views
Month 69: 28 views
Month 70: 16 views
Month 71: 34 views
Month 72: 29 views
Month 73: 12 views
Month 74: 26 views
Month 75: 41 views
Month 76: 27 views
Month 77: 31 views
Month 78: 42 views
Month 79: 43 views
Month 80: 34 views
Month 81: 14 views
Month 82: 30 views
Month 83: 37 views
Month 84: 31 views
Month 85: 47 views
Month 86: 29 views
Month 87: 27 views
Month 88: 27 views
Month 89: 36 views
Month 90: 17 views
Month 91: 31 views
Month 92: 16 views
Month 93: 24 views
Month 94: 38 views
Month 95: 32 views
Month 96: 44 views
Month 97: 32 views
Month 98: 18 views
Month 99: 36 views
Month 100: 43 views
Month 101: 45 views
Month 102: 26 views
Month 103: 27 views
Month 104: 30 views
Month 105: 20 views
Month 106: 41 views
Month 107: 46 views
Month 108: 35 views
Month 109: 19 views
Month 110: 25 views
Month 111: 23 views
Month 112: 45 views
Month 113: 44 views
Month 114: 32 views
Month 115: 35 views
Month 116: 38 views
Month 117: 33 views
Month 118: 33 views
Month 119: 28 views
Month 120: 34 views

Total Views: 3776

Total Downloads: 1906

2026 Trends

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]