Select Currency
Translate this page

TRADE OPENNESS & OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)

Format: MS WORD  |  Chapter: 1-5  |  Pages: 87  |  1751 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

TRADE OPENNESS AND OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)

 

ABSTRACT

This research work studies the international competitiveness of the Nigerian economy in the global market by analyzing the relationship between trade openness and output growth in Nigeria. Using time-series data over the period 1970-2007, we show that output growth of the Nigeria economy is a function of two sets of shocks; (i) external shocks (openness and real exchange rate) and (ii) internal shocks (real interest rate and unemployment rate). A non-monotonic and an ANCOVA econometric models are postulated in  order to capture the structural pattern of the relationship between openness and output growth as well as the policy effect of structural Adjustment program (SAP). The result shows that there is an inverted U-shape (no-monotonic) relationship between openness and output growth in Nigeria and the optimum degree of openness for the economy is estimated to be about 67%. Also, the liberalization policy of the SAP has positive economic effect on the output growth. The ECM reveals that 79% of the equilibrium error is being corrected in the next period. We concluded that unbridled openness may have deleterious effect on the real growth of output of the Nigerian economy.

 

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1       Background of study

1.2  Trade openness and output growth                    

Historical Experience of the Nigeria economy          

1.2              Statement of the research problem                                        

1.3              Objectives of the study                                                                      

1.4              Statement of the research hypothesis                                    

1.5              Justification of the study                                                                   

1.6              Significance of the study                                                                   

1.7              Scope and limitation of the study                                          

CHAPTER TWO: LITERATURE REVIEW

2.1              Theoretical literature                                                              

2.1.2 Theory of customs union and free trade areas                  2.1.3Models of export-led growth                          

2.2              Empirical literature                 

2.3              Limitation of previous studies                                                           

CHAPTER THREE: METHODOLOGY 

3.1              Analytical framework                                                            

3.2              Model specification               

 3.2.1 Test of stationarity                                                                   3.2.2 Test of co integration                                       

 3.2.3 Error correction model                                                 

3.3       Justification of the model                                                                  

3.4       Estimation techniques                                                            

3.5       Evaluation Procedure                                                                                  3.5.1 Economic test (a priori expectation)                           

3.5.2 Statistical (first order) test                                            

3.5.3 Econometric (second order) test                       

3.6       Sources of data and software for estimation             

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS

4.1              Introduction                                                                                       

4.2              Presentations of regression results                                         

4.2.1Test of stationarity                                                         

4.2.2 Test of co integration                                                                

 4.2.3 The Error correction model (ECM)                              

4.3              Interpretation and Evaluation of result                                  4.3.1Evaluation based on economic criteria              

  4.3.2Evaluation based on statistical criteria                         

 4.3.3 Evaluation based on econometric criteria                    

4.4              Evaluation of the working Hypotheses                                             

CHAPTER FIVE: SUMMARY, POLICY PRESCRIPTION

AND CONCLUSION 

5.1              Summary                                                                                            

5.2              Policy Recommendations                                                                  

LIST OF TABLES AND FIGURES

Figure 1:          Growth Rate of Real GDP

Figure 2: Trend of Real GDP

Figure 3: Growth of Export and Import

Figure 4: The Degree of Openness

Table 1: Openness Indicators

Table 2: A Priori Expectation

Table 3: Results of Model 1

Table 4: Results of Model 2

Table 5: Results of Stationarity test

Table 6: Results of Co integration test

Table 7: Results of the Error Correction Model

Figure 5: Non- Monotonic Relationship between TPN and  RGDP

Table 8: Summary of the T-Test

Table 9: Pair-Wise Correlation Matrix

CHAPTER ONE

 INTROUDCTION

1.1       BACKGROUND OF STUDY             

    

  DOWNLOAD THE FULL PROJECT

TRADE OPENNESS & OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON TRADE OPENNESS & OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007) INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on TRADE OPENNESS & OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on TRADE OPENNESS & OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for TRADE OPENNESS & OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007), What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!