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Trade Liberalisation and Exports in the Nigerian Economy: An Assessment

Alege, P. O. (2005) Trade Liberalisation and Exports in the Nigerian Economy: An Assessment. Journal of Social and Economic Development, 7 (2). pp. 159-174.

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Abstract

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

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 12 Mar 2015 21:59
Last Modified: 12 Mar 2015 21:59
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3884

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