Trade Liberalization, Non-Oil Export and Economic Growth in Nigeria

Authors

Jerome T. Andohol, Department of Economics, Benue State University, Makurdi, Nigeria.Follow
Terhemen Tarzoor, Department of Economics, Benue State University, Makurdi, Nigeria.
Dennis T. Nomor, Department of Economics, Benue State University, Makurdi, Nigeria.

Keywords

Capital, gross domestic product, labour, non-oil export, trade liberalization

Abstract

The study examines the impact of trade liberalization and non-oil exports on economic growth in Nigeria from 1986 to 2021. The study utilizes an autoregressive distributed lag model and found the combined effect of trade liberalization and non-oil exports to be positive and statistical significant. While trade liberalization alone may have negative consequences, its synergy with a robust non-oil export can drive sustainable economic growth. The study recommends that strategies to enhance non-oil exports should be encouraged to support the effectiveness of trade liberalization in promoting growth.

Publication Title

CBN Journal of Applied Statistics

Issue

1

Volume

15

First Page

83

Last Page

115

Recommended Citation

Andohol, Jerome T.; Tarzoor, Terhemen; and Nomor, Dennis T. (2024) "Trade Liberalization, Non-Oil Export and Economic Growth in Nigeria," CBN Journal of Applied Statistics (JAS): Vol. 15: No. 1, Article 4.
Available at: https://dc.cbn.gov.ng/jas/vol15/iss1/4