Trade Openness and Poverty Reduction in Nigeria

Olufemi Samuel Adegboyo (), Olubunmi Omotayo Efuntade (), Dominic Olorunleke Olugbamiye () and Alani Olusegun Efuntade ()
Additional contact information
Olufemi Samuel Adegboyo: Federal University Oye-Ekiti
Olubunmi Omotayo Efuntade: Afe Babalola University
Dominic Olorunleke Olugbamiye: Federal University Oye-Ekiti
Alani Olusegun Efuntade: Federal University Oye-Ekiti

EuroEconomica, 2021, issue 2(40), 211-220

Abstract: This study examines the impact of trade openness on poverty in Nigeria between 1985 and 2020. The study employs Auto-Regressive Distributed Lag (ARDL) estimation technique and the result reveals that domestic credit to the private sector as a ratio of Gross Domestic Product (GDP), electric power consumption, primary school enrollment rate and KOF globalization index reduce poverty in Nigeria, while GDP per capita stimulate poverty in Nigeria. Thus, this study recommends that the economy should be made more open to allow exportation of goods produced by the poor in order to further reduce poverty. Furthermore, the citizens should be motivated to enroll in school to reduce illiteracy and poverty in Nigeria.

Keywords: Poverty reduction; trade openness (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dj.univ-danubius.ro/index.php/EE/article/view/1473/1731 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2021:i:2:p:211-220

Access Statistics for this article

More articles in EuroEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Florian Nuta ().