Trade Liberalization and Poverty Alleviation in Nigeria: The Complementary Role of Institutions

Muftau Olarinde and A. A. Bello ()
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A. A. Bello: Usmanu Danfodiyo University

Chapter Chapter 14 in Trade, Investment and Economic Growth, 2021, pp 215-238 from Springer

Abstract: Abstract This paper investigates the response of poverty to shocks in trade liberalization and the impacts of the latter and its complement on the former in Nigeria over a period of 1981–2015. Adopting both time-varying parameter (TVP) approach of state-space model and FMOLS, the result revealed that growth in macroeconomic policies indicators and institutions was on the average a declining function of poverty while policies inconsistencies have resulted into a sharp upward and downward movement in poverty rate. The interacting terms provide evidence in support of the need for trade complementarities in reducing poverty.

Keywords: State-space model; Fully Modified OLS; Poverty; Trade liberalization; Institutions (search for similar items in EconPapers)
JEL-codes: D58 F13 I38 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-6973-3_14

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DOI: 10.1007/978-981-33-6973-3_14

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