Financial Openness and Poverty Level: The Empirical Investigation in Nigeria

Oluwayemisi Kadijat Adeleke and Omowunmi Monisola Ajeigbe
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Oluwayemisi Kadijat Adeleke: Department of Economics, Redeemer’s University, Ede, Osun State, Nigeria
Omowunmi Monisola Ajeigbe: Department of Economics, Redeemer’s University, Ede, Osun State, Nigeria

International Journal of Research and Innovation in Social Science, 2021, vol. 5, issue 2, 158-164

Abstract: This study examined the effect of financial openness on poverty level in Nigeria from 1981 to 2018, using Autoregressive Distributed Lag (ARDL) technique. The study found that the lagged value of poverty has a positive and significant relationship with itself. This buttresses the point that poverty in the previous period’s filters directly into the present period. Again, the study found that financial deepening has an inverse and significant effect on poverty, while financial openness was found to have a positive and significant impact on poverty. Finally, the lagged value of growth rate, investment, inflation and institutional quality has an inverse and significant effect on poverty.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:5:y:2021:i:2:p:158-164

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