Akcije

Panoeconomicus
kako citirati ovaj članak
podeli ovaj članak

Metrika

  • citati u SCIndeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:1
  • preuzimanja u poslednjih 30 dana:1

Sadržaj

članak: 4 od 4  
Back povratak na rezultate
2017, vol. 64, br. 3, str. 297-314
Trade openness and industrial growth: Evidence from Nigeria
(naslov ne postoji na srpskom)
aFederal Ministry of Science and Technology, Kano State, Nigeria
bÇankaya University, Ankara, Turkey

e-adresafahadadamu07@gmail.com, ergundogan@cankaya.edu.tr
Ključne reči: trade openness; Nigeria; co-integration; ARDL method original scientific paper
Sažetak
(ne postoji na srpskom)
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.
Reference
*** (1994) Nigeria: Structural adjustment program: Policies, implementation, and impact. Washington, DC: World Bank, World Bank
Brown, R.L., Durbin, J., Evans.J.M. (1975) Techniques for Testing the Constancy of Regression Relationships over Time. Journal of the Royal Statistical Society, Series B (Methodological), 37(2); 149-192
Chang, C., Mendy, M. (2012) Economic growth and openness in Africa: What is the empirical relationship?. Applied Economics Letters, 19(18): 1903-1907
Chete, L.N., Olatunji, A.J., Adeyinka, F.M., Ogundele, O.O. (2014) Industrial development and growth in Nigeria: Lessons and challenges. World Institute for Development Economic Research Working Paper, 2014/019
Dufrenot, G., Mignon, V., Tsangarides, C. (2010) The trade-growth nexus in the developing countries: a quantile regression approach. Review of World Economics, 146(4): 731-761
Hye, Q.M.A. (2012) Long term effect of trade openness on economic growth in case of Pakistan. Quality & Quantity, 46(4): 1137-1149
Hye, Q.M.A., Lau, W. (2015) Trade openness and economic growth: empirical evidence from India. Journal of Business Economics and Management, 16(1): 188-205
Kim, D. (2011) Trade, growth and income. Journal of International Trade & Economic Development, 20(5): 677-709
Manole, V., Spatareanu, M. (2010) Trade openness and income - A re-examination. Economics Letters, 106(1): 1-3
Mohaddes, K., Pesaran, M. H. (2016) Oil Prices and the Global Economy: Is It Different This Time Around?. u: Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers, 2016(277):
Olufemi, S. (2004) Trade openness and economic growth in Nigeria: Further evidence on the causality issue. South African Journal of Economic and Management Sciences, 7(2): 299
Onakoya,, Adegbemi, B.O., Fasanya, I., Babalola.M.T. (2012) Trade Openness and Manufacturing Sector Growth: An Empirical Analysis for Nigeria. Mediterranean Journal of Social Science, 3(11); 637-646
Pesaran, H.M., Shin, Y. (1997) An autoregressive distributed lag modelling approach to cointegration analysis. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.153.3246&rep=rep1&type=pdf
Pesaran, H.M., Yongcheol, S., Smith, R.J. (2001) Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, str. 289-326
Sarkar, P. (2008) Trade Openness and Growth: Is There Any Link?. Journal of Economic Issues, 42(3): 763-785
Shahbaz, M. (2012) Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan. Economic Modelling, 29(6): 2325-2339
Toda, H.Y., Yamamoto, T. (1995) Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1-2): 225-250
Ulaşan, B. (2015) Trade openness and economic growth: panel evidence. Applied Economics Letters, 22(2): 163-167
Umoh, O.J., Effiong, E.L. (2013) Trade Openness and Manufacturing Sector Performance in Nigeria. Margin: The Journal of Applied Economic Research, 7(2): 147-169
Yanikkaya, H. (2003) Trade openness and economic growth: a cross-country empirical investigation. Journal of Development Economics, 72(1): 57-89
 

O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.2298/PAN150130029A
objavljen u SCIndeksu: 21.12.2017.
Creative Commons License 4.0