Impact of Trade Openness on Industrialization in Nigeria

Adebayo Mohammed Ojuolape, Deborah Boluwatife Adeniyi, Ayodele Folorunso Oshodi () and Nusirat Ojuolape Gold
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Ayodele Folorunso Oshodi: University of Ilorin, Nigeria.
Nusirat Ojuolape Gold: Kwara State University, Malete, Nigeria

Pakistan Journal of Humanities and Social Sciences, 2020, vol. 8, issue 1, p: 15-22

Abstract: The state of Nigeria as regards the effect of trade openness on industrialization is a major concern. This research helps to evaluate this effect. The variables show a long-run relationship, using the Bound Cointegration test. The final analytical result was gotten using ARDL (Auto-Regressive Distributed Lag) Co-integration and Long-run form. The results show that trade openness is not significant, and it is negatively related to industrialization. The implication of this is that it hinders industrialization in Nigeria. This is due to excess importation and infrastructure deficit, alongside other factors. The study recommended that existing policies should not be waved aside; there should be engaged in international industrial competitiveness and stabilization of the exchange rate.

Keywords: trade openness; industrialization; Nigeria (search for similar items in EconPapers)
JEL-codes: L69 P45 (search for similar items in EconPapers)
Date: 2020
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