TRADE OPENESS AND OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)

TRADE OPENNESS AND OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)   

TABLE OF CONTENTS  

Title page                                                                                          Approval page                                                                                          Dedication                                                                                         Acknowledgment                                                                             Abstract                                                                                            Table of contents                                                                              List of tables and figures                                                                     CHAPTER ONE: INTRODUCTION 1.1     Background of the study                                                               1.1.2  Trade openness and output growth                                Historical Experience of the Nigeria economy              

Statement of the research problem                                  Objectives of the study                                                   Statement of the research hypothesis                              Justification of the Study                                                 Significance of the Study                                                Scope and limitation of the study                                   

CHAPTER TWO: LITERATURE REVIEW

Theoretical literature                                                      

2.1.2 Theory of customs union and free trade areas                         2.1.3Models of export-led growth                                           

Empirical literature                                                         Limitation of previous studies                                         

CHAPTER THREE: METHODOLOGY 

Analytical framework                                                      Model specification                                                       

        3.2.1 Test of stationarity                                                          3.2.2 Test of cointegration                                                                 3.2.3 Error correction model                                                     3.3     Justification of the model                                                            3.4     Estimation techniques                                                             3.5     Evaluation Procedure                                                              3.5.1 Economic test (a priori expectation)                                3.5.2 Statistical (first-order) test                                                         3.5.3 Econometric (second-order) test                                                3.6     Sources of data and software for estimation                                CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS

Introduction                                                                   Presentations of regression results                                 

4.2.1Test of stationarity                                                                   4.2.2 Test of cointegration                                                                 4.2.3 The Error correction model (ECM)                                 

Interpretation and Evaluation of result                              

4.3.1Evaluation based on economic criteria                                      4.3.2Evaluation based on statistical criteria                                      4.3.3 Evaluation based on econometric criteria                      

Evaluation of the working Hypotheses                             

CHAPTER FIVE: SUMMARY, POLICY PRESCRIPTION AND CONCLUSION 

Summary                                                                      Policy Recommendations                                              

APPENDIX                                                                     I        APPENDIX                                                                     II APPENDIX                                                                     III (A) APPENDIX                                                                     III (B) APPENDIX                                                                     III(C) APPENDIX                                                                     III (D) APPENDIX                                                                     III (E) APPENDIX                                                                     III (F) APPENDIX                                                                       IV APPENDIX                                                                       V APPENDIX                                                                      VI     APPENDIX                                                                      VII APPENDIX                                                                      VIII  APPENDIX                                                                       IX APPENDIX                                                                       X APPENDIX                                                                       XI APPENDIX                                                                       XII

LIST OF TABLES AND FIGURES Figure 1:     Growth Rate of Real GDP Figure 2: Trend of Real GDP Figure 3: Growth of Export and Import Figure 4: The Degree of Openness Table 1: Openness Indicators Table 2: A Priori Expectation Table 3: Results of Model 1 Table 4: Results of Model 2 Table 5: Results of Stationarity test Table 6: Results of Cointegration test Table 7: Results of the Error Correction Model Figure 5: Non- Monotonic Relationship between TPN and  RGDP Table 8: Summary of the T-Test Table 9: Pair-Wise Correlation Matrix

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