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Does Trade Liberalisation Policy Enhance Performance of Non-Oil Export Trade in Nigeria?

Author

Listed:
  • Marius Ikpe
  • Richard Okey Ojike
  • Kenneth Onyeanuna Ahamba

Abstract

Decades after the trade liberalisation policy shift, poor performance problem of non-oil export in Nigeria (a net-oil exporting economy) persists. Against this backdrop, and given the lack of analytical depth among Nigerian-specific studies, this study empirically provided answer to the question of whether trade liberalisation policy enhances non-oil export trade in Nigeria. The study adopted an Autoregressive Distributed Lag model approach to the analysis of the impact of trade liberalisation policy on non-oil export trade. Evidence provided support for trade liberalisation policy as the growth driver for non-oil export, a sector that exports more but earns little in terms of revenue. As a result, the study recommends a well thought-out public–private partnership arrangement for the efficiency of the private sector (a major player in non-oil export trade), to optimally harness the benefits of liberalisation in Nigeria’s non-oil trade sub-sector. JEL Codes: F14, F17, F41, F62

Suggested Citation

  • Marius Ikpe & Richard Okey Ojike & Kenneth Onyeanuna Ahamba, 2020. "Does Trade Liberalisation Policy Enhance Performance of Non-Oil Export Trade in Nigeria?," Foreign Trade Review, , vol. 55(2), pages 248-260, May.
    • Handle: RePEc:sae:fortra:v:55:y:2020:i:2:p:248-260
    DOI: 10.1177/0015732519894161
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    References listed on IDEAS

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    6. Zhang, Zhaoyong, 2001. "Trade Liberalization, Economic Growth and Convergence: Evidence From East Asian Economies," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 147-164.
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    8. Godwin Ukaiji Okpokpo & Innocent Abanum Ifelunini & Fidelis Osuyali, 2014. "Is Globalisation A Potent Driver of Economic Growth? Investigating the Nigerian Non-Oil Exports," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(6), pages 781-792, June.
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    More about this item

    Keywords

    Trade liberalisation; non-oil export; gains from trade; economic development; ARDL model; Nigeria;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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