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Full-Text Articles in Social and Behavioral Sciences
Impact Of Trade Openness On Economic Growth Among Ecowas Countries: 1975-2017, Victor U. Ijirshar
Impact Of Trade Openness On Economic Growth Among Ecowas Countries: 1975-2017, Victor U. Ijirshar
CBN Journal of Applied Statistics (JAS)
This study assesses the impact of trade openness on economic growth among ECOWAS countries using secondary data from 1975 to 2017. The study uses non-stationary heterogeneous dynamic panel models through the application of Pooled Mean Group (PMG) and Mean Group (MG) estimators since time dimension was more than cross-sections. Using the Hausman test, PMG estimator was preferred. Results show that trade openness has positive effects on growth in ECOWAS countries in the long-run but mixed effects in the short-run. The study therefore recommends that ECOWAS member countries improve cooperation among economic actors by using export consortia so as to help …
The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe
The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe
Bullion
This paper examines the factors constraining the growth of non-oil exports with a view to suggesting solution to redress the situation. In order to execute the task effectively, the rest of the paper is divided into four parts. Part two provides the macroeconomic background to export trade in Nigeria and reviews external trade policies that have been put in place by government. In part three, the issues involved in export promotion, financing and marketing are highlighted, simultaneously an x-ray of the institutional structure on which the sector relies. In part four, the authors analyse the impact of policies on the …
International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila
International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila
Bullion
Since the inception of SAP, the Federal Government has introduced many far reaching economic and financial measures aimed at promoting non-oil exports. Such measures include the promulgation of the incentives and Miscellaneous Provisions Decree, No. 18 of 11th July, 1986, the establishment of the Nigerian Export Import Bank (NEXIM) to provide different funds and financial assistance to exporters, the introduction of the Nigeria Economic Reconstruction Fund (NERFUND), the setting up of Small and Medium Scale Enterprises Fund (SMEs Fund) and the deregulation of the Foreign Exchange Market (FEM) which has resulted in significant depreciation of the naira exchange rate. The …
Nigeria’S External Trade In The First Quarter Of 1966, Research Department
Nigeria’S External Trade In The First Quarter Of 1966, Research Department
Economic and Financial Review
This article is a report on Nigeria’s external trade in the first quarter of 1966 and notes that Nigeria's external trade recorded a marked improvement in the first quarter of 1966 over the positions attained in the comparable periods of the past six years. The article further notes that this improvement was maintained in each of the three months of the quarter. There was thus a trade surplus of £4.8 million during the quarter in contrast to deficits of £6.0 million and £8.9 million in the first quarters of 1964 and 1965, respectively as indicated in Table 1. Tables 2- …