Adejuwon,, Joshua Adewale and Ojomolade,, Dele Jacob and Ugwulali, Ifeanyi Joseph (2021) International Trade Dynamism and Nigeria Economic Development. European Journal of Accounting, Auditing and Finance Research, 9 (8). pp. 44-56. ISSN European Journal of Accounting, Auditing and Finance Research
![[thumbnail of International Trade Dynamism.pdf]](https://tudr.org/style/images/fileicons/text.png)
Text
International Trade Dynamism.pdf - Published Version
Available under License Creative Commons Attribution Non-commercial.
Download (791kB)
Abstract
This study examines international trade dynamism and Nigeria economic development; Secondary data collected from Central Bank of Nigeria 2020 were analysed using Auto-regressive distributed lag (ARDL) and the unit roots test found to be stationary at levels and first difference. The results revealed long run relationship between the dependent and independent variables as inflation, bank lending rate, and foreign exchange rate and trade openness have negative co-efficient, the f-statistics of bound test, 11.9 is greater than the upper and lower bound. In the short run export, Balance of Trade (BOT) and import have negative coefficient and significance except import which is insignificant. Other variables have positive coefficient and are insignificant. Nigerians should refrain from the excessive consumption of imported goods and produce more exportable goods. The manufacturing industries should produce goods that can compete favourably in world market. These actions would improve the country’s Balance of Trade position.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 28 Mar 2022 13:29 |
| Last Modified: | 28 Mar 2022 13:29 |
| URI: | https://tudr.org/id/eprint/151 |
Actions (login required)
- View Item
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)