Disaggregated Impact Analysis of Trade on Growth: The Role of Financial Openness in Nigeria

• Autorzy: Beatrice Onawunreyi Omo-Ikirodah

Warianty tytułu

Szczegółowa analiza wpływu handlu na wzrost gospodarczy: rola otwartości finansowej w Nigerii

• Języki publikacji: EN

Abstrakty

EN

This paper decomposes and estimates the impact of foreign trade on economic growth and evaluates the relevance of financial openness in the relationship in Nigeria using annual time series data between 1987 and 2020. The key findings of the paper are that although trade positively drives economic growth, the effect is due largely to the contribution of the non-oil export component in the long run and short run. This, however, does not rule out the fact that non-oil import over the long run and short run or the overall value of import in the long run lead to a high economic growth in the economy provided higher degree of financial openness is tolerated. In that, subject to broadening the scope of financial openness, Nigeria's participation in international trade will result in rapid economic growth both in the long run and short run. (original abstract)

W artykule przedstawiono i oszacowano wpływ handlu zagranicznego na wzrost gospodarczy oraz oceniono znaczenie otwartości finansowej w relacjach w Nigerii na podstawie danych rocznych szeregów czasowych z lat 1987-2020. Najważniejsze wnioski są takie, że chociaż handel pozytywnie napędza wzrost gospodarczy, to efekt ten w dużej mierze wynika z wkładu komponentu innego niż eksport ropy w długim i krótkim okresie. Nie wyklucza to jednak, że długoterminowy i krótkoterminowy import ropy lub ogólna długoterminowa wartość importu prowadzą do wysokiego wzrostu gospodarczego w gospodarce, z jednoczesnym tolerowaniem wyższego stopnia otwartości finansowej. W związku z tym po rozszerzeniu zakresu otwartości finansowej udział Nigerii w handlu międzynarodowym będzie skutkował szybkim wzrostem gospodarczym, zarówno w długim, jak i krótkim okresie. (abstrakt oryginalny)

Słowa kluczowe

EN

Foreign trade; Economic growth; Export; Import; Oil

PL

Handel zagraniczny; Wzrost gospodarczy; Eksport; Import; Ropa naftowa

• Czasopismo: Olsztyn Economic Journal
• Rocznik: 2022
• Numer: nr 17 (1)
• Strony: 5--21

Twórcy

autor

Beatrice Onawunreyi Omo-Ikirodah

• University of Benin, Nigeria

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Identyfikatory

DOI

doi.org/10.31648/oej.7617