Trade Openness and Economic Growth Nexus in Nigeria Economy: Role of Institutional Quality
Ajala Moshood Abiola PhD
Abstract
The connection between trade openness and economic development has garnered considerable scholarly attention, particularly regarding emerging economies. This study conducted an empirical investigation into the relationship between Trade Openness and Economic Growth in Nigeria from 1980 to 2023. The study utilized the Autoregressive Distributed Lag (ARDL) Estimation Technique, and the results indicated a long-run relationship between Trade Openness and Economic Growth. Therefore, the study suggests that those in positions of authority should prioritize the improvement of Nigeria's trade policies and investment environment. Additionally, it is advised that the government implement careful monetary policies aimed at managing inflation while still fostering investment and economic growth.
Keywords
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