TRADE OPENNESS AND INDUSTRIAL OUTPUT GROWTH IN NIGERIA: EMPIRICAL LESSONS FOR DIVERSIFICATION

  • Peter N. MBA Department of Economics, University of Calabar, Nigeria
  • Anthony ORJI Department of Economics, University of Nigeria, Nigeria
  • Donald CHUKWUMAEZE Department of Economics, University of Calabar, Nigeria
  • Onyinye ANTHONY-ORJI Department of Economics, University of Nigeria, Nigeria

Abstract

This study examines the relationship between trade openness and industrial output growth in Nigeria using time series data, endogenous growth framework as well as export-led growth model. The adopted framework contends that domestic policies on trade liberalization cannot be avoided but harnessed for optimal benefit of the economy. The empirical results show that trade openness contribute positively to industrial output growth and supports general economic diversification. In the short-run, the dynamic impact of trade openness on industrial output growth is insignificant while its long-run impact is significant.

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Published
2020-01-23
How to Cite
MBA, Peter N. et al. TRADE OPENNESS AND INDUSTRIAL OUTPUT GROWTH IN NIGERIA: EMPIRICAL LESSONS FOR DIVERSIFICATION. Theoretical and Practical Research in the Economic Fields, [S.l.], v. 10, n. 2, p. 105-112, jan. 2020. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/4255>. Date accessed: 25 jan. 2022. doi: https://doi.org/10.14505//tpref.v10.2(20).03.