Determinants of Nigeria-China Bilateral Trade in Manufacturing Products

Akpoilih, Roland; Farayibi, Adesoji

doi:10.2139/ssrn.2846061

Cited by 2 publications

(2 citation statements)

References 13 publications

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“…Thus, we reject the null hypothesis and conclude that a significant relationship exists between economic size measured by GDP and trade flows in Nigeria. This finding is also in line with the works of Eita (2008), Akpoilih and Farayibi (2015), and Oladipupo and Adedoyin (2019), who found a significant relationship between economic mass and trade flows.…”

Section: Discussion Of Findings Of the Fixed Effects Modelsupporting

confidence: 91%

Nigeria’s Bilateral Trade in Goods and Services with Selected International Trading Partners

K. Okogo,

O. Orubu,

T. Ezi

2023

IJMSSSR

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Over the period, Nigeria’s major export commodities are agricultural goods, solid minerals, energy goods manufactured goods, crude oil and other oil products of which petroleum crude accounted for about 79% of total export while imports consisted of refined petroleum, raw materials, cars, agricultural goods, energy goods and other manufacture products. Using the augmented gravity model approach, this study analysed Nigeria’s bilateral trade in goods and services with selected international partners namely Belgium, China, France, India, Italy, Netherlands, South Africa, Spain, United Kingdom, and United States for the period 1995–2020. This study estimated the pooled ordinary least square and the fixed effect estimation in a balanced panel model. It was found that trade flow in Nigeria is positively and significantly determined by gross domestic product, population, and common colony in both models. The result further showed that distance negatively and significantly affects trade flow in Nigeria while relative price was positive and significant in the pooled effect model and negatively significant in the fixed effect model. Common language was positively significant in the pooled effect model but was statistically insignificant in the fixed effect model. Lastly, real effective exchange rate was not statistically significant in explaining bilateral trade flow in Nigeria within the study period in both models. Based on the results and the implications it holds, the study recommends amongst others, that policies aimed at diversifying the economy away from oil towards a technological, service and export driven economy should be earnestly pursued. This study further concludes that policy actions and human capital development programmes are therefore required to convert the teeming population into active and effective labour force which will in turn improve the gross domestic product and consequently improve trade flow

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Section: Discussion Of Findings Of the Fixed Effects Modelsupporting

confidence: 91%

Nigeria’s Bilateral Trade in Goods and Services with Selected International Trading Partners

K. Okogo,

O. Orubu,

T. Ezi

2023

IJMSSSR

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“…Many Chinese companies have been attracted to invest and run their enterprises by the Ogun-Guangdong Free Trade Zone and Lekki Free Zone (Brautigam, Deborah, Farole, Thomas, & Tang, 2010;Hannafi Ibrahim et al, 2020;Zeng, 2016). Infrastructure projects jointly constructed by the two countries can be seen everywhere in Nigeria, such as bridges, ports, and airport terminals (Akpoilih & Farayibi, 2017;Babatunde & Low, 2013;Ighodaro, 2018). China is ready to further joint efforts with Nigeria to strengthen bilateral relations and strengthen cooperation on the Belt and the Road Initiative.…”

Section: Introductionmentioning

confidence: 99%

An Assessment of Nigerians Perception towards Chinese Foreign Direct Investments and Its Acceptability in Nigeria

Imanche¹,

Tian²,

Ayom³

et al. 2021

OJBM

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Perceptions play a critical role in international affairs. Politicians must be able to consider and forecast both challenges and opportunities. Public opinion has the power to change the course of politics. As the world becomes more interconnected, it's critical to comprehend how China is perceived and how this affects China's global effect. Although it only makes up a small part of overall Chinese OFDI, this investment class has recently drawn interest because of its sectoral and geographic diversification. Nigeria has been one of China's top 40 trading partners for more than five decades. For some time, it has been the leading African investment destination for Chinese investment in the continent. The pursuit of multilateral agreements has a significant effect on how countries engage in the political and economic realm. This study used both quantitative and qualitative methods. The study adopted simple random sampling techniques to allow for equal and unbiased respondents' participation in the primary data collection. The response scale was base on a 1 -5 points Likert scale. Secondary data was sourced from archival materials, published books or scholarly works, the internet, international organization official documents, journals, press releases, newspapers. The overall research accepts the study's alternative hypothesis, which shows that perhaps the ten outlined perceptions of Nigerians towards Chinese FDIs and its acceptability are heavily influenced by the success of FDI by Chinese investors and businesses in Nigeria's market climate. The importance and positive outcomes of such FDI are heavily reliant on Nigerian perceptions of Chinese FDI and their acceptability and the investment target region.

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Determinants of Nigeria-China Bilateral Trade in Manufacturing Products

Cited by 2 publications

References 13 publications

Nigeria’s Bilateral Trade in Goods and Services with Selected International Trading Partners

Nigeria’s Bilateral Trade in Goods and Services with Selected International Trading Partners

An Assessment of Nigerians Perception towards Chinese Foreign Direct Investments and Its Acceptability in Nigeria

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