Impact of International Trade on Economic Growth in Nigeria (1988-2012)

Adeleye, J O; Adeteye, O S; Adewuyi, M O

doi:10.5430/ijfr.v6n3p163

Cited by 23 publications

(14 citation statements)

References 17 publications

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“…In the t-test, the exchange rate variable (ln EXR) generated the t-statistic value of -4.372980 with a significant probability value of 0.0000 meaning that there is a significant negative effect between the exchange rate variable (ln EXR) on economic growth (GDP per capita). The results of this study are in accordance with the results of research from Grauwe and Schnabl (2008), Chirwa and Odhiambo (2016), Abubakar (2015), Gul et al, (2012), Barguellil et al, (2018) and Umaru et al, (2018) that the exchange rate negatively affects economic growth. One of the reasons for the increase in the exchange rate is the support for adequate export growth so that it will increase the demand for the national currency (Rudiawan and Meirinaldi, 2019).…”

Section: Effect Of Exchange Rate On Economic Growthsupporting

confidence: 92%

The Effect of Population Growth and Trade Openness on Economic Growth of the Oic Countries

Muharromy

Auwalin

2021

JESTT

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ABSTRAKPertumbuhan ekonomi memegang peranan penting dalam menentukan keberhasilan pembangunan sebuah negara, oleh karena itu setiap negara selalu menetapkan target pertumbuhan ekonomi yang stabil dalam tujuan pembangunan. Dalam prosesnya pertumbuhan ekonomi dipengaruhi oleh berbagai factor yang dapat mendorong atau bahkan menghambat laju pertumbuhan. Penelitian ini bertujuan untuk menganalisis pertumbuhan penduduk, keterbukaan perdagangan, inflasi, nilai tukar dan investasi terhadap pertumbuhan ekonomi 40 negara anggota Organisasi Kerjasama Islam (OKI) pada tahun 2005-2019 menggunakan pendekatan kuantitatif dengan teknik analisis regresi data panel fixed effect model dan menggunakan aplikasi Eviews 11dalam mengelola data penelitian. Hasil penelitian ini menunjukkan bahwa variabel pertumbuhan penduduk dan nilai tukar memiliki hubungan signifikan dan negatif terhadap pertumbuhan ekonomi, sedangkan keterbukaan perdagangan dan investasi berpengaruh signifikan dan positif. Sedangkan investasi tidak berpengaruh signifikan pada pertumbuhan ekonomi di Negara OKI. Berdasarkan hasil penelitian ini pemerintah dan pihak terkait diharapkan dapat mengendalikan tingkat pertumbuhan penduduknya serta mendorong sektor perdagangan internasional untuk meningkatkan pertumbuhan ekonomi mengingat tingkat keterbukaan perdagangan di Negara OKI masih dibawah potensinya.Kata Kunci: Pertumbuhan Ekonomi, Pertumbuhan Penduduk, Keterbukaan Perdagangan, Organisasi Kerjasama Islam. ABSTRACTEconomic growth plays an important role in determining the success of a country's development; therefore, each country always sets a target for stable economic growth in its development goals. In the process, economic growth is influenced by various factors that can encourage or even hinder the growth rate. The purpose of this study is to analyze the effect of population growth, trade openness, inflation, exchange rates and investment on the economic growth of 40 member countries of the Organization of Islamic Cooperation (OIC) in 2005-2019 using a quantitative approach with a fixed effect model panel data regression analysis technique and using the Eviews application. 11 in managing research data. The results of this study indicate that the variables of population growth and exchange rates have a significant and negative relationship to economic growth, while trade openness and investment have a significant and positive effect. Meanwhile, investment has no significant effect on economic growth in the OIC Country. Based on the results of this study, the government and related parties are expected to control the rate of population growth and encourage the international trade sector to increase economic growth considering that the level of trade openness in the OIC is still below its potential.Keywords: Economic Growth, Population Growth, Trade Openness, Organization of Islamic Cooperation

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Section: Effect Of Exchange Rate On Economic Growthsupporting

confidence: 92%

The Effect of Population Growth and Trade Openness on Economic Growth of the Oic Countries

Muharromy

Auwalin

2021

JESTT

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“…In several studies, trade openness has been found to be an important factor affecting the economic growth of developing countries. Adeleye et al (2015) investigated the effect of trade on growth in Nigeria, using error correction modelling techniques. The study found a long-run significant positive effect of trade, whereas other explanatory variables remained insignificant, which suggests that the economy derives substantial benefits from trade openness.…”

Section: Empirical Reviewmentioning

confidence: 99%

Comparative Performance of Trade Openness and Sovereign Debt Accumulation in Fostering Economic Growth of Sub-Saharan African Countries

Edo

2023

Foreign Trade Review

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In the last four decades, sub-Saharan African countries have witnessed a substantial increase in trade openness and sovereign debt (foreign public debt and domestic public debt). The direct and interactive effects of these factors on economic growth are investigated in this study. The investigation covers the period 1980–2020 and employs the generalised method of moment methodology. The estimation results reveal that the direct effect of trade openness and domestic public debt is significantly favourable. The direct effect of foreign public debt is, however, found to be unfavourable. The results also reveal that the interactive effect of trade openness and domestic public debt is significantly favourable, whereas the interactive effect of trade openness and foreign public debt is fairly favourable. The estimation results thus imply that trade openness and sovereign debt are complementary drivers of economic growth in sub-Saharan African countries. In spite of the favourable role of trade openness and sovereign debt, economic growth has yet to achieve the desired level, which does not augur well for employment and welfare. The prospects of growth could be enhanced by strengthening the impact of trade openness and sovereign debt. However, policy makers should be aware of the direct negative impact of foreign public debt on economic growth, and the need to put measures in place to manage it. JEL Codes: F23, H63, F43, O55

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“…(Aboubacar, Xu, & Ousseini, 2015) focused in whether the foreign aid (AID) has an important effect on economic growth in the member countries of the West African Economic and Monetary Union (WAEMU). (Adeleye, Adeteye, & Adewuyi, 2015) studied the effect of international trade on economic growth in Nigeria.…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Women's Civil and Political Rights in Lebanon and France and Their Impact on Economic Growth

Mourad¹,

Farhat²

2020

JPAG

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This study carried out a quantitative analysis of several variables in both Lebanon and France. Specific aspects related to education, unemployment, vulnerable employment, gender gap, and participation in parliamentary life were studied. We started from the rationale that human rights necessitate that human beings so it is imperative that each individual enjoy civil and political rights, which means in addition to the right to life and the right equality, there should be the right to the legal recognition and participation in public life whether through employment or elections. These rights have been recognized by the international human rights laws, mainly in the Universal Declaration of Human Rights by United Nations and by the existing local laws both in Lebanon and France.The tests of homogeneity for the panel data models from Lebanon and France have been implemented carefully considering the linear relationship between the real GDP as a dependent variable and three of the independent variables consisting of the rate of women teachers in the secondary education , the rate of female to male ratio in labor force participation , the rate of women's vulnerability to risks in the female labor force . The study demonstrated the importance of the Random Effects Model (REM) using the the log-transformed data. The study revealed a positive impact of both and on the real

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Impact of International Trade on Economic Growth in Nigeria (1988-2012)

Cited by 23 publications

References 17 publications

The Effect of Population Growth and Trade Openness on Economic Growth of the Oic Countries

The Effect of Population Growth and Trade Openness on Economic Growth of the Oic Countries

Comparative Performance of Trade Openness and Sovereign Debt Accumulation in Fostering Economic Growth of Sub-Saharan African Countries

Women's Civil and Political Rights in Lebanon and France and Their Impact on Economic Growth

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