GLOBALIZATION AND TRADE BALANCE IN NIGERIA: THE CAUSATION
GLOBALIZATION AND TRADE BALANCE IN NIGERIA: THE CAUSATION
Author(s): Ojevwe Theresa AkrohSubject(s): Supranational / Global Economy, Economic history, Transformation Period (1990 - 2010), Present Times (2010 - today), Globalization, Socio-Economic Research
Published by: Universitatea SPIRU HARET - Faculty of Accounting and Financial Management
Keywords: Globalization; Trade Balance; Nigeria; ARDL Bound test;
Summary/Abstract: The study investigates the effect of globalization on Nigeria trade balance from 1981 to 2020 using annual time series data. The stationarity test revealed a mixed order of integration which made us to adopt the ARDL bound test in analyzing the data, and the result shows that globalization proxy by trade openness, global oil price and foreign direct investment determine the level of trade balance of the economy. More so, the estimated model met both the necessary and enough conditions of long run relationship with the coefficient of adjustment having the right sign and significant. There is clear evidence of convergence to stability and that sustenance of the already trade measures will aid the process.
Journal: Journal of Academic Research in Economics (JARE)
- Issue Year: 14/2022
- Issue No: 3
- Page Range: 628-641
- Page Count: 14
- Language: English
- Content File-PDF