IDEAS home Printed from https://ideas.repec.org/a/rnd/arjebs/v5y2013i10p696-707.html
   My bibliography  Save this article

Trade Liberalisation, Economic Growth and Human Resource Development in Nigeria: Causal Implications (1980-2009)

Author

Listed:
  • Aremo Adeleke Gabriel

Abstract

The study examined the causal links among trade liberalisation, economic growth and human resource development in Nigeria with a view to identifying the nexus connecting these three variables. Inferences of causality were drawn within the framework of Vector Auto-regression model employing techniques of analysis involving unit root test, cointegration and Granger causality tests. The findings that emerged from the analysis show that economic growth granger-caused both poverty level and trade liberalization in Nigeria. Besides, trade liberalization equally predicted poverty level. The study therefore concluded that it is desirable for government to initiate strategies that would further boost economic growth in Nigeria in order to alleviate poverty and to derive maximum benefits from trade liberalization. In addition, government should further diversify the productive base of the economy, and ensure proper integration of the key sectors of the economy to enhance output growth. In order to reduce poverty level, trade liberalization needs to be further embraced using multi-dimensional approaches such as more tariff reduction, and systematic reduction or removal of other forms of quantitative and qualitative restrictions on goods and services.

Suggested Citation

  • Aremo Adeleke Gabriel, 2013. "Trade Liberalisation, Economic Growth and Human Resource Development in Nigeria: Causal Implications (1980-2009)," Journal of Economics and Behavioral Studies, AMH International, vol. 5(10), pages 696-707.
    • Handle: RePEc:rnd:arjebs:v:5:y:2013:i:10:p:696-707
    DOI: 10.22610/jebs.v5i10.443
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/443/443
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/443
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jebs.v5i10.443?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lloyd A. Metzler, 1949. "Tariffs, International Demand, and Domestic Prices," Journal of Political Economy, University of Chicago Press, vol. 57(4), pages 345-345.
    2. Balasubramanyam, V N & Salisu, M & Sapsford, David, 1996. "Foreign Direct Investment and Growth in EP and IS Countries," Economic Journal, Royal Economic Society, vol. 106(434), pages 92-105, January.
    3. Dollar, David & Kraay, Aart, 2002. "Growth Is Good for the Poor," Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September.
    4. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
    5. Ravallion, Martin & Datt, Gaurav, 1996. "How Important to India's Poor Is the Sectoral Composition of Economic Growth?," The World Bank Economic Review, World Bank, vol. 10(1), pages 1-25, January.
    6. Ranis, Gustav & Stewart, Frances & Ramirez, Alejandro, 2000. "Economic Growth and Human Development," World Development, Elsevier, vol. 28(2), pages 197-219, February.
    7. repec:bla:reviec:v:8:y:2000:i:4:p:712-20 is not listed on IDEAS
    8. Hanson, G.H. & Harrison, A., 1995. "Trade, Technology and Wage Inequality," Papers 95-20, Columbia - Graduate School of Business.
    9. Christiana E. E. Okojie, 2002. "Gender and Education as Determinants of Household Poverty in Nigeria," WIDER Working Paper Series DP2002-37, World Institute for Development Economic Research (UNU-WIDER).
    10. Jones, Ronald W & Scheinkman, Jose A, 1977. "The Relevance of the Two-Sector Production Model in Trade Theory," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 909-935, October.
    11. David Gould & Roy Ruffin, 1995. "Human capital, trade, and economic growth," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(3), pages 425-445, September.
    12. Nancy L. Stokey, 1991. "Human Capital, Product Quality, and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 587-616.
    13. Domeland, Dorte, 2007. "Trade and human capital accumulation: evidence from U.S. immigrants," Policy Research Working Paper Series 4144, The World Bank.
    14. Gustav RANIS & Frances STEWART, 2001. "Growth And Human Development: Comparative Latin American Experience," The Developing Economies, Institute of Developing Economies, vol. 39(4), pages 333-365, December.
    15. Sailesh Tanna & Kitja Topaiboul, 2005. "Human Capital, Trade, FDI and Economic Growth in Thailand: What causes What?," DEGIT Conference Papers c010_046, DEGIT, Dynamics, Economic Growth, and International Trade.
    16. Lawrence H. Goulder & Barry Eichengreen, 1992. "Trade Liberalization in General Equilibrium: Intertemporal and Inter-industry Effects," Canadian Journal of Economics, Canadian Economics Association, vol. 25(2), pages 253-280, May.
    17. Angus Deaton and Jean Drèze & Jean Drèze, 2002. "Poverty and Inequality in India: A Reexamination," Working papers 107, Centre for Development Economics, Delhi School of Economics.
    18. Taiwo Peace Ogun, 2010. "Infrastructure and Poverty Reduction: Implications for Urban Development in Nigeria," WIDER Working Paper Series wp-2010-043, World Institute for Development Economic Research (UNU-WIDER).
    19. Yih‐chyi Chuang, 2000. "Human Capital, Exports, and Economic Growth: A Causality Analysis for Taiwan, 1952–1995," Review of International Economics, Wiley Blackwell, vol. 8(4), pages 712-720, November.
    20. Koji Miyamoto, 2003. "Human Capital Formation and Foreign Direct Investment in Developing Countries," OECD Development Centre Working Papers 211, OECD Publishing.
    21. Dr.Godwin Chukwudum Nwaobi, 2004. "Money And Output Interraction In Nigeria," Macroeconomics 0405012, University Library of Munich, Germany.
    22. Wong Hock Tsen, 2006. "Granger causality tests among openness to international trade, human capital accumulation and economic growth in China: 1952-1999," International Economic Journal, Taylor & Francis Journals, vol. 20(3), pages 285-302.
    23. Wolfgang F. Stolper & Paul A. Samuelson, 1941. "Protection and Real Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 9(1), pages 58-73.
    24. Stephan Klasen, 2003. "In Search of The Holy Grail: How to Achieve Pro-Poor Growth ?," Ibero America Institute for Econ. Research (IAI) Discussion Papers 096, Ibero-America Institute for Economic Research.
    25. Ogun, T. P., 2010. "Infrastructure and Poverty Reduction: Implications for Urban Development in Nigeria," WIDER Working Paper Series 043, World Institute for Development Economic Research (UNU-WIDER).
    26. repec:pri:rpdevs:deaton_dreze_poverty_india is not listed on IDEAS
    27. repec:pru:wpaper:7 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aremo Aremo, 2014. "Trade liberalization, Economic Growth and Poverty Level in Nigeria: Vector Auto-regression (VAR) Approach (1980-2009)," Journal of Economics and Behavioral Studies, AMH International, vol. 6(7), pages 591-606.
    2. Dalila Chenaf-Nicet, 2020. "Dynamics of Structural Change in a Globalized World: What Is the Role Played by Institutions in the Case of Sub-Saharan African Countries?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(4), pages 998-1037, September.
    3. repec:spo:wpecon:info:hdl:2441/10184 is not listed on IDEAS
    4. Thierry Mayer, 2006. "Policy Coherence for Development : A Background paper on Foreign Direct Investment," Working Papers hal-01065640, HAL.
    5. Temilola Osinubi, Tolulope, 2020. "The Role Of Income Inequality In The Globalisation-Poverty Nexus: Empirical Evidence From Mint Countries," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 7(2), pages 67-89, June.
    6. Mohamed Traoré, 2018. "Government spending and inclusive growth in sub-Saharan Africa: A panel VAR analysis," Working Papers hal-01940506, HAL.
    7. Sovna Mohanty, 2017. "Growth Effects of Economic Globalization: A Cross-Country Analysis," Working Papers id:12092, eSocialSciences.
    8. Susan Randolph & Elizabeth Kaletski, 2018. "Securing Economic and Social Rights: Obstacle or Handmaiden to Growth?," Economic Rights Working Papers 26, University of Connecticut, Human Rights Institute.
    9. J.Salcedo Cain & Rana Hasan & Devashish Mitra, 2010. "Trade Liberalization and Poverty Reduction: New Evidence from Indian States," Working Papers 3333, School of International and Public Affairs, Columbia University, revised Nov 2010.
    10. Mohamed Traoré, 2018. "Government spending and inclusive growth in sub-Saharan Africa: A panel VAR analysis," CERDI Working papers hal-01940506, HAL.
    11. Wu, Jyun-Yi & Hsu, Chih-Chiang, 2012. "Foreign direct investment and income inequality: Does the relationship vary with absorptive capacity?," Economic Modelling, Elsevier, vol. 29(6), pages 2183-2189.
    12. Dube, Smile, 2009. "Foreign Direct Investment and Electricity Consumption on Economic Growth: Evidence from South Africa," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 62(2), pages 175-200.
    13. Henri Bezuidenhout, 2009. "A Regional Perspective on Aid and FDI in Southern Africa," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 15(3), pages 310-321, August.
    14. Wen-Shuenn Deng & Yi-Chen Lin, 2013. "Parameter heterogeneity in the foreign direct investment-income inequality relationship: a semiparametric regression analysis," Empirical Economics, Springer, vol. 45(2), pages 845-872, October.
    15. Thompson, Henry, 2014. "An energy factor proportions model of the US economy," Energy Economics, Elsevier, vol. 43(C), pages 1-5.
    16. Sucharita Ghosh & Camilla Mastromarco, 2013. "Cross-border Economic Activities, Human Capital and Efficiency: A Stochastic Frontier Analysis for OECD Countries," The World Economy, Wiley Blackwell, vol. 36(6), pages 761-785, June.
    17. Kyuntae Kim & Hokyung Bang, 2008. "The Impact of Foreign Direct Investment on Economic Growth : A Case Study of Ireland," Development Economics Working Papers 22993, East Asian Bureau of Economic Research.
    18. Naoko Shinkai, 2000. "Does the Stopler-Samuelson Theorem Explain the Movement in Wages? The Linkage Between Trade and Wages in Latin American Countries," Research Department Publications 4237, Inter-American Development Bank, Research Department.
    19. repec:hal:wpspec:info:hdl:2441/10184 is not listed on IDEAS
    20. Naoko Shinkai, 2000. "¿Explica el teorema Stopler-Samuelson el desplazamiento de los salarios? El vínculo entre el comercio internacional y los salarios en países latinoamericanos," Research Department Publications 4238, Inter-American Development Bank, Research Department.
    21. Akisik, Orhan & Gal, Graham & Mangaliso, Mzamo P., 2020. "IFRS, FDI, economic growth and human development: The experience of Anglophone and Francophone African countries," Emerging Markets Review, Elsevier, vol. 45(C).
    22. repec:kap:iaecre:v:15:y:2009:i:3:p:310-321 is not listed on IDEAS
    23. Nunnenkamp, Peter, 2004. "Wachstumseffekte von Direktinvestitionen in Entwicklungsländern: warum hohe Erwartungen häufig enttäuscht werden," Open Access Publications from Kiel Institute for the World Economy 3217, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arjebs:v:5:y:2013:i:10:p:696-707. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/jebs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.