THE INFLUENCE OF EXTERNAL TRADE ON ECONOMIC GROWTH IN NIGERIA: I960 - 1983
THE INFLUENCE OF EXTERNAL TRADE ON ECONOMIC GROWTH IN NIGERIA: I960 - 1983
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Date
1986
Authors
OSHILIM, FIDELIS EZIMMADU
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Abstract
ABSTRACT
The Nigerian economy is an open one. This means
that external trade constitutes a substantial
proportion of the National output,, Although
substantial, the influence of external trade on the
growth of domestic output has not been established
because of the ambivalent effect external trade can
produce on an economy. Consequently, some authors
contend that external trade is an engine of growth.
On the other hand, another school of thought contends
that external trade retards economic growth.
However, the version of the argument that applies
to Nigeria has not been ascertained. That is why this
study undertakes to determine the influence of external
trade on economic growth in Nigeria for the period
1960 - 1983. In doing this two approaches were adopted.
These are the theoritical explanation which explains
the basis of external trade in Nigeria and the empirical
analysis which uses the two-gap model developed by
Chenery to estimate the relationship between different
conceptions of output and trade variables. Another
aspect of the empirical work is the comparative
analysis of two sub-periods of the analytical time frame.
The inference from the results of the regression
analyses indicate that the effects of external trade
on economic growth is indeterminate for a long period
of time since the effects changes according to the
changes in the trade fortunes of the country.
Description
A THESIS SUBMITTED TO THE POST-GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS FOR THE DEGREE OF MASTERS
OF SCIENCE IN THE DEPARTMENT OF ECONOMICS,
FACULTY OF ARTS AND SOCIAL SCIENCES, AHMADU
BELLO UNIVERSITY, ZARIA.
Keywords
INFLUENCE,, EXTERNAL,, TRADE,, ECONOMIC,, GROWTH,, NIGERIA:,, I960 - 1983