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Trade openness and industrial growth: Evidence from Nigeria

Year: 2016

Type: article

Abstract: This study examines the long-run and short-run relationship between industrial production and trade openness in Nigeria during the period from 1986 to 2008 by using quarterly data. It employs the ARDL bounds testing methodology developed by M. Hashem Pesaran, Yongcheol Shin, and Richard J. Smith (2001). The results of both the long-run analysis and the short-run error correction model (ECM) indicate that trade openness has a significant and positive impact on industrial production. The Toda-Yamamoto causality analysis shows that there is one-way Granger causality, running from trade openness to industrial production.

Source: Panoeconomicus

DOI: 10.2298/pan150130029a

Authors: Fahad Adamu, Ergun Dogan

Institutions: Federal Ministry of Innovation, Science and Technology, Çankaya University

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W2542380974

FWCI: 1.7

Cites: 20

Cited by: 15

Related to: 10