University Links: Home Page | Site Map
Covenant University Repository

Trade Openness and Economic Performance of ECOWAS Members - Reflections From Ghana And Nigeria.

Osabuohien, E. S. C. (2007) Trade Openness and Economic Performance of ECOWAS Members - Reflections From Ghana And Nigeria. African Journal of Business and Economic Research, 2 (2 & 3). pp. 57-73.

[img]
Preview
PDF - Published Version
Download (1356Kb) | Preview

Abstract

Trade openness is believed to stimulate economic growth due to its influence in integrating world economies and generating better markets. The study examined the impact of trade openness on economic performance of ECOWASMembers focusing on Ghana and Nigeria (1975-2004).Data sourced from IFS and others, were analyzed employing ADF/PP stationarity, cointegration and vector error correction techniques. A unique long-run relationship between economic performance, trade openness, real government expenditure, labour force and real capital stock for both Ghana and Nigeria was established, while about 88.9"10 and 83.1"10 errors made in the previous period were found to be corrected in the current period for the respective countries. In addition, trade openness and real government expenditure impact positively the economies of Ghana and Nigeria. However, the effectswere higher in the former than the latter.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Adewole Adewumi
Date Deposited: 04 Jul 2011 18:37
Last Modified: 13 Dec 2011 21:13
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/396

Actions (login required)

View Item View Item