The Impact of Globalisation on the Growth of Nigerian Economy from 1960-2010: Error Correction Model Analysis

Shuaib, I. M.; Augustine, Ekeria O.; Frank, Ogedengbe A.

doi:10.9734/bjemt/2015/14698

Cited by 8 publications

(10 citation statements)

References 7 publications

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“…The findings of this study is in line with Chioma and Anokwuru [26] view, though they believed that more still needs to be done to ensure that the full benefits of globalisation are fully utilized in Nigeria economy. Which has been supported by Alimi and Atanda [20], Shuaib Ekeria, and Ogedengbe [23] that trade integration resulting from trade openness promotes economic growth.…”

Section: Empirical Reviewmentioning

confidence: 84%

“…This in a way still confirms that negligent effect of globalisation in the Nigeria economy, and therefore calls for all necessary policy efforts at positioning the economy in a form that can make her maximize the advantages of globalisation. The variable adopted by Sade and Izilein [22], does not take into account FDI and trade openness which was adopted by Shuaib, Ekeria and Ogedengbe [23] to support a significant effect of globalisation. While Nwakanma and Ibe [21] has revealed in there study that indeed globalisation promotes economic growth, due the study of Nwakanma and Ibe [21] was more focused on trade openness.…”

Section: Empirical Reviewmentioning

confidence: 99%

“…The co-integration test revealed that there is insignificant relationship between financial integration, human resource development and trade openness, while Gross fixed Capital Formation had a negative and insignificant impact on trade openness. Likewise, Shuaib, Ekeria, and Ogedengbe [23], adopted the same methodology and revealed that there is a significant relationship on economic growth.…”

Section: Empirical Reviewmentioning

confidence: 99%

“…The impact of globalisation on economic growth in Nigeria was the focus of the study by Shuaib, Ekeria and Ogedengbe [23]. The study covered from 1960-201, ordinary least squares (OLS) was used.…”

Section: Empirical Reviewmentioning

confidence: 99%

See 3 more Smart Citations

Economic Globalisation and Economic Growth Dynamics in Nigeria

Nwofia

Aworinde

2020

JEMT

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Globalisation has been a topical issue both in the industrialized and developing nations of the world, this is not unconnected with the impacts it had on the attainment of macroeconomic objectives of these nations. This connotes that globalisation is crucial because it is typically affected by exogenous shocks such as political regime shifts, international conflicts or trade liberalization and unexpected changes to business condition. It is on this premise that the study examined the impact of globalisation on economic growth in Nigeria. This study adopted ex post facto research design. The data were obtained from the KOF globalisation index of Swiss economic institute and World development Indicator of World Bank for the period 1970-2017 for Nigeria representing a total of forty-eight observations. The documents were already exposed to the scrutiny of the appropriate regulatory agencies and the data were analyzed using descriptive and inferential statistics employing the time series techniques of asymmetric co-integration. The study found that economic globalisation had long-run asymmetric cointegrating effect on economic growth in Nigeria (ɸ = 11.965, R2 =0.24, KOFECGI = 1.657, t- Stat = (46) = 3.784, p<0.05). The study further recommends that government policy should be designed in such way that it reduce overdependence on the highly industrialized economy, so as to avoid international shocks that might affect the economy negatively.

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Section: Empirical Reviewmentioning

confidence: 84%

Section: Empirical Reviewmentioning

confidence: 99%

Section: Empirical Reviewmentioning

confidence: 99%

Section: Empirical Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Economic Globalisation and Economic Growth Dynamics in Nigeria

Nwofia

Aworinde

2020

JEMT

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“…The findings revealed that globalization has negative effect on the Nigerian manufacturing sector in the long run, but the effect of globalization on the manufacturing sector is positive in the short run. The impact of globalization on economic growth in Nigeria was the focus of the study by Shuaib, Ekeria and Ogedengbe (2015). The study spanned 1960 to 2010 period.…”

Section: Empirical Reviewmentioning

confidence: 99%

Globalization And Economic Growth in Nigeria: A Cointegration Approach

Agbarha¹,

Peter²

2017

JIBE

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The broad objective of the study is to assess empirically, the relationship between major globalization indicators and economic growth in Nigeria. The paper covered the period between 1980 and 2015. The cointegration and Error correction mechanism were adopted. The result showed that current FDI and one period lagged FDI, one period lagged exchange rate, current Balance of Payment and two period lagged openness of the economy to the outside world have a positive and significant impact on the level of economic growth in Nigeria. The ECM shows a satisfactory speed of adjustment. The Johansson cointegration test indicates a long run equilibrium relationship among the variables. The result recommends policy to expand FDI and an increase in the level of trade liberalization

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International Competition and Entrepreneurship Development in Nigeria

Carol¹

2019

IJTSRD

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This study examines the influence of international competition on entrepreneurship development in Nigeria. Specifically, the study seeks to ascertain the effect of international competition, foreign direct investment, per capita income, technology, foreign aids, market size, poverty alleviation and employment generations on entrepreneurship development in Nigeria using an econometric regression model of the Ordinary Least Square (OLS) after determining stationarity of our variables using the ADF Statistic, as well as the cointegration of variables using the Johansen approach. It was discovered that the variables are stationary and have a long run impact/relationship with entrepreneurship development in Nigeria. From the result of the OLS, it was observed that apart from per capita income and market size that are not significant, every other variable-international competition, foreign direct investment, technology, foreign aids, and employment generation significantly influence entrepreneurship development in Nigeria. Based on the above findings, the study recommends that the government should focus on formulating polices that will address the challenges of international completion as it affects entrepreneurship development in Nigeria by vigorously protecting domestic investment. The government should also strive to improve on key factors that help entrepreneurs to thrive by addressing the problems of infrastructural decay, especially the issues of power supply and access to finance. Government needs to urgently address the dilapidated infrastructural facilities in the country, like roads, railways and provide adequate security to promote entrepreneurship in Nigeria.

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The Impact of Globalisation on the Growth of Nigerian Economy from 1960-2010: Error Correction Model Analysis

Cited by 8 publications

References 7 publications

Economic Globalisation and Economic Growth Dynamics in Nigeria

Economic Globalisation and Economic Growth Dynamics in Nigeria

Globalization And Economic Growth in Nigeria: A Cointegration Approach

International Competition and Entrepreneurship Development in Nigeria

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