Toward the path of economic expansion in Nigeria: The role of trade globalization

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.authoridJoshua, Udi/0000-0002-7862-0547
dc.contributor.authorJoshua, Udi
dc.contributor.authorSalami, Oladimeji M.
dc.contributor.authorAlola, Andrew A.
dc.date.accessioned2024-09-11T19:52:01Z
dc.date.available2024-09-11T19:52:01Z
dc.date.issued2020
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThere are debates regarding the effect of globalization on national economies, and whether or not trade openness has a significant positive or negative influence on economic expansion and development. Thus, this study is aimed at investigating the relationship between trade globalization and Nigeria's economic advancement. The autoregressive distributed lags (ARDL) model was employed for the time series data: real GDP, openness, foreign direct investment, and population growth over the period 1981-2017. The findings of this estimation revealed that population growth is significant but inhibitor of economic prosperity (real GDP) in the short term. However, the significant and long-run determinants of the real GDP are population growth and trade openness but not foreign direct investment. Furthermore, the Granger Causality test revealed that real GDP granger causes population growth. The study therefore concluded that trade openness and globalization are necessary for Nigeria's economic expansion and development. Consequently, the study opined that the land border closure policy recently implemented by the Nigerian government might necessitate a significant reassessment so that the economic development projections of the country are not hindered.en_US
dc.identifier.doi10.1111/wusa.12471
dc.identifier.endpage220en_US
dc.identifier.issn2471-4607
dc.identifier.issue2en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage205en_US
dc.identifier.urihttps://doi.org/10.1111/wusa.12471
dc.identifier.urihttps://hdl.handle.net/11363/7891
dc.identifier.volume23en_US
dc.identifier.wosWOS:000551585100003en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofJournal of Labor And Societyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.titleToward the path of economic expansion in Nigeria: The role of trade globalizationen_US
dc.typeArticleen_US

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