ABSTRACT
This
research work examined the impact of international trade on Nigeria’s economic
growth for the sample period 1970-2009. It aimed at reviewing the benefits of
international trade in Nigeria. In an attempt to examine this, an econometric
approach known as ordinary least square (OLS) was used. The F-text, T-test,
standard error (S. E.) test, coefficient of multiple determination (R2),
and Durbin Watson statistics (DW) were used for the statistical tests. In the
model, GDP,
export, Import, exchange rate, interest rate were used to capture
the study. Secondary data for the period of 1970-2009 was also used for the
study. Among the findings was that export, import, exchange rate and interest
rate were positively related to economic growth in Nigeria. The researcher
recommended the need for Government to create the environment that would
attract foreign investment that would in turn engender increased technology and
economic growth. There is also need for trade liberalization and import
substitution polices, with effective monetary and fiscal policy mix that would
ensure increase economic growth.
TABLE OF CONTENTS
Title
page i
Approval
page ii
Dedication
iii
Acknowledgment iv
Abstract
vi
Table
of contents vii
CHAPTER ONE: Introduction 1
1.1 Background of the Study 1
1.2 Statement of the Problem 4
1.3 Objective of the Study 6
1.4 Statement of Hypotheses 6
1.5 Significance of the Study 6
1.6 Scope of the Study 7
CHAPTER TWO: Literature Review 8
2.1 Theoretical Literature 8
2.2 Empirical Literature 16
CHAPTER THREE: 20
3.1
Methodology 20
3.2
Model
Specification 20
3.3
Method of
Evaluation 21
3.4
Date Required and
Sources 23
CHAPTER FOUR:
4.0
Presentation of Results 24
4.1 Analysis of Results 24
4.2 Test of hypothesis 26
4.3 Implication of the Study 27
CHAPTER FIVE: Summary of Findings, Conclusion
and
Policy Recommendations 28
5.0 Summary of Findings 28
5.1 Conclusion 29
5.2 Policy Recommendations 29
Bibliography 32
Appendix One 34
Appendix Two 36
A RESEARCH PROJECT PRESENTED TO THE DEPARTMENT OF ECONOMICS,
FACULTY OF SOCIALSCIENCES.
EBONYI STATE UNIVERSITY, ABAKAILIKI
IN PARTIAL FULFILLMENT OF
THE REQUIREMENTS FOR THE AWARD
OF BACHELOR OF SCIENCE (B.Sc) HONOURS
DEGREE IN ECONOMICS