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Published:
May 26, 2020Keywords:
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Liberalization of Foreign Trade and Manufacturing Output in Nigeria
Abstract
The study examined the effects of trade liberalization on the Nigerian manufacturing sector output between 1980 and 2015. Johansen test was used to determine the existence or otherwise of a long run relationship among the variables. The Impulse Response test was also applied to ascertain the direction of causality and the ripple effects of the shock of one variable on the other respectively. The findings concluded that all the moderating variables had long-run relationship with manufacturing output. There was no significant relationship between trade liberalization and the output of the Nigerian manufacturing sector in both the short and long run.
Key words: Industrialization, Liberalization, Trade Openness, Gross Domestic Product, Inflation Rate, Real exchange rate, Foreign Direct Investment.
