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Impact Of Trade Openness On The Economic Growth Of Nigeria
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The research evaluated the impact of trade openness on the economic growth of Nigeria 1988-2014. The study employed secondary time series data, sourced from Central Bank of Nigeria Statistical Bulletin 2014. A four variable model was developed comprising GDP as dependent variable and Trade Openness, Foreign Direct Investment and Exchange rate as independent variables and the Ordinary Least Squares (OLS) estimation technique of Multiple regression analysis was adopted. The findings of the research work includes: Trade Openness has a negative impact on Economic growth, Economic growth causes Trade Openness. Based on the findings, the study amongst others recommends that The Government should analyse Export promotion policy and import substitution policy should also be examined, so that country can take benefit from trade. The fiscal authorities should boost exports, encourage domestic products by dropping Excise duties and tariffs so as to boost home industries to trade their goods and services, That structural trade oriented policy should be adopted to enhance economic growth in Nigeria via high exports flows in order to accumulate more foreign proceeds to boost output growth rate in Nigeria
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CHAPTER ONE - [ Total Page(s): 1 ]CHAPTER ONE Background of the studyThe global economy is in a state of
transition from a set of strong national economies to a set of
interlinked trading groups. This transition has accelerated over the
past few years with the collapse of communism and the blending of the
world trading nations into a single market (Gillespie, Jeannet and
Hennessey ,( 2004) in Adelowokan and Maku(2013)). One of the most
important paths driving global development into the twenty-first century
is the ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 1 ]CHAPTER ONE Background of the studyThe global economy is in a state of
transition from a set of strong national economies to a set of
interlinked trading groups. This transition has accelerated over the
past few years with the collapse of communism and the blending of the
world trading nations into a single market (Gillespie, Jeannet and
Hennessey ,( 2004) in Adelowokan and Maku(2013)). One of the most
important paths driving global development into the twenty-first century
is the ... Continue reading---
ABSRACT -- [Total Page(s) 1]
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ABSRACT -- [Total Page(s) 1]
Page 1 of 1