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Impact of Trade Openness on Industrialization in Nigeria

Author

Listed:
  • Adebayo Mohammed Ojuolape
  • Deborah Boluwatife Adeniyi
  • Ayodele Folorunso Oshodi

    (University of Ilorin, Nigeria.)

  • Nusirat Ojuolape Gold

    (Kwara State University, Malete, Nigeria)

Abstract

The state of Nigeria as regards the effect of trade openness on industrialization is a major concern. This research helps to evaluate this effect. The variables show a long-run relationship, using the Bound Cointegration test. The final analytical result was gotten using ARDL (Auto-Regressive Distributed Lag) Co-integration and Long-run form. The results show that trade openness is not significant, and it is negatively related to industrialization. The implication of this is that it hinders industrialization in Nigeria. This is due to excess importation and infrastructure deficit, alongside other factors. The study recommended that existing policies should not be waved aside; there should be engaged in international industrial competitiveness and stabilization of the exchange rate.

Suggested Citation

  • Adebayo Mohammed Ojuolape & Deborah Boluwatife Adeniyi & Ayodele Folorunso Oshodi & Nusirat Ojuolape Gold, 2020. "Impact of Trade Openness on Industrialization in Nigeria," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 8(1), pages :15-22, March.
    • Handle: RePEc:ani:ipjhss:v:8:y:2020:i:1:p:15-22
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    References listed on IDEAS

    as
    1. M. V. Posner, 1961. "International Trade And Technical Change," Oxford Economic Papers, Oxford University Press, vol. 13(3), pages 323-341.
    2. Guerrieri, Luca, 2006. "The Inflation Persistence of Staggered Contracts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(2), pages 483-494, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    trade openness; industrialization; Nigeria;
    All these keywords.

    JEL classification:

    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other

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