Research Department, Central Bank of Nigeria.
Domestic economic growth, Trading partners, Income, Foreign Direct Investment (FDI), Gross Domestic Product (GDP)
The paper is a review of the paper "How much do trading partners matter for economic growth? by Vivek Arora and Athanasios Vamvakidis". The paper empirically examined the extent to which a country's longterm economic growth was influenced by the economic fortune of its trading partners. The study used panel data for over 100 countries to see if trading partners' growth had a strong effect on domestic growth. A strong relationship was found between the economic growth of a country and the economic conditions of its trading partners.
Yilkudi, D. J. (2009). How much do trading partners matter for economic growth? by Vivek Arora and Athanasios Vamvakidis ++ : a review. Economic and Financial Review, 47(3), 129â€“136.