Trade Liberalisation and Exports in the Nigerian Economy: An Assessment
No Thumbnail Available
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
INSTITUTE FOR SOCIAL AND ECONOMIC CHANGE BAN GALORE
Abstract
Description
Various policy measures have been taken by the Nigerian government
since the advent of Structural Adjustment Programme (SAP) to improve
the external trade sector. This paper appraises the journey so far. Thus,
it develops a mixed quantitative-qualitative model designed to evaluate
export responses to trade liberalisation policies.
This paper, hypothesising a full effect of trade liberalisation in the long
run, has adopted the co-integration and error correction technique to
estimate the model. The results tend to suggest that trade liberalisation
is mildly effective. Thus, there are areas that raise some doubts about
the potency of trade liberali'Sation to bring about the desired economic
growth and development propelled by international trade. This model
can be used to evaluate the effectiveness of policy shifts, and hence its
appropriateness to provide a background for fine-tuning policy to achieve
the overall economic objectives
Keywords
HB Economic Theory