Trade Policy and the Nigerian Economy- An Econometric Investigation

The paper sets out to examine the impact of trade policy on the Nigerian economy. It specifically seeks to ascertain the effect of trade policies on the growth and development of the Nigerian economy as well as the performance of the non-oil export sector over the period 1970-2010. Nigeria's da...

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Bibliographic Details
Main Authors: Ogege, Samson, Mojekwu, J N
Format: Conference Proceeding
Language:English
Subjects:
Agricultural commodities
Agriculture
Correlation analysis
Councils
Exports
Generalized method of moments
Global economy
Impact analysis
International trade
Marketing
Petroleum industry
Product development
Studies
Trade policy
Trends
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Summary:The paper sets out to examine the impact of trade policy on the Nigerian economy. It specifically seeks to ascertain the effect of trade policies on the growth and development of the Nigerian economy as well as the performance of the non-oil export sector over the period 1970-2010. Nigeria's data set from the CBN Statistical Bulletin volume 18, (2009) and the America Reserves Bank during the period 1970-2010 was used. It employed Correlation analysis, Least Squares and General Method of Moments techniques to test the effect of trade policies on the performance of Nigerian economy. The finding shows that there is a negative relationship between trade policies and the Nigerian economy. Based on the above finding it was recommended that the nation should diversify rather than concentrating on the oil sector.
ISSN:2047-2854
2047-2862