Does Trade Liberalisation Policy Enhance Performance of Non-Oil Export Trade in Nigeria?

Marius Ikpe, Richard Okey Ojike and Kenneth Onyeanuna Ahamba

Foreign Trade Review, 2020, vol. 55, issue 2, 248-260

Abstract: Decades after the trade liberalisation policy shift, poor performance problem of non-oil export in Nigeria (a net-oil exporting economy) persists. Against this backdrop, and given the lack of analytical depth among Nigerian-specific studies, this study empirically provided answer to the question of whether trade liberalisation policy enhances non-oil export trade in Nigeria. The study adopted an Autoregressive Distributed Lag model approach to the analysis of the impact of trade liberalisation policy on non-oil export trade. Evidence provided support for trade liberalisation policy as the growth driver for non-oil export, a sector that exports more but earns little in terms of revenue. As a result, the study recommends a well thought-out public–private partnership arrangement for the efficiency of the private sector (a major player in non-oil export trade), to optimally harness the benefits of liberalisation in Nigeria’s non-oil trade sub-sector. JEL Codes: F14, F17, F41, F62

Keywords: Trade liberalisation; non-oil export; gains from trade; economic development; ARDL model; Nigeria (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sae:fortra:v:55:y:2020:i:2:p:248-260

DOI: 10.1177/0015732519894161

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