The Impact of International Trade on Economic Growth in Nigeria: An Econometric Analysis
Abstract
The study examines the effect of international trade on the economic growth of Nigeria from 1981 to 2015. The model specified economic growth measured by gross domestic product as dependent on international trade proxy by non-oil imports, oil imports, Non-oil exports, and oil exports. Secondary data was adopted and sourced from CBN statistical bulletin. Multiple regression estimation techniques with the aid of E-view version 9 was used to analyze the effects of international trade on the economic growth of Nigeria. It was evidenced that international trade has a significant positive impact on economic growth in Nigeria. The study recommends that government should reduce over-dependence on oil exports and increase and diversify its export base to earn more revenue.
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