This page presents an excerpt of the available research material, including the Preliminary Pages, Table of Contents, Abstract, Chapters One to Five, and References. It provides a comprehensive overview of the study, enhancing readability and accessibility for students, and researchers seeking complete material on the topic stated above.
I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Economics for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Exchange Openness and Output Growth in Nigeria (An Econometric Analysis) provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.
PRELIMINARY PAGES
CHAPTER ONE:
Introduction
- 1.1 Background of study
- 1.2 Statement of the research problem
- 1.3 Objectives of the study
- 1.4 Statement of the research hypothesis
- 1.5 Justification of the study
- 1.6 Significance of the study
- 1.7 Scope and limitation of the study
CHAPTER TWO:
Literature Review
- 2.1 Theoretical literature
- 2.1.2 Theory of customs union and free trade areas 2.1.3Models of export-led growth
- 2.2 Empirical literature
- 2.3 Limitation of previous studies
CHAPTER THREE:
Methodology
- 3.1 Analytical framework
- 3.2 Model specification
- 3.2.1 Test of stationarity
- 3.2.2 Test of co integration
- 3.2.3 Error correction model
- 3.3 Justification of the model
- 3.4 Estimation techniques
- 3.5 Evaluation Procedure 3.5.1 Economic test (a priori expectation)
- 3.5.2 Statistical (first order) test
- 3.5.3 Econometric (second order) test
- 3.6 Sources of data and software for estimation
CHAPTER FOUR:
Presentation And Analysis Of Results
- 4.1 Introduction
- 4.2 Presentations of regression results
- 4.2.1 Test of stationarity
- 4.2.2 Test of co integration
- 4.2.3 The Error correction model (ECM)
- 4.3 Interpretation and Evaluation of result
- 4.3.1 Evaluation based on economic criteria
- 4.3.2 Evaluation based on statistical criteria
- 4.3.3 Evaluation based on econometric criteria
- 4.4 Evaluation of the working Hypotheses
CHAPTER FIVE:
Summary, Policy Prescription And Conclusion
- 5.1 Summary
- 5.2 Policy Recommendations
- REFERENCES
This research work studies the international competitiveness of the Nigerian economy in the global market by analyzing the relationship between trade openness and output growth in Nigeria. Using time-series data over the period 1970-2007, we show that output growth of the Nigeria economy is a function of two sets of shocks;
- External shocks (openness and real exchange rate) and
- Internal shocks (real interest rate and unemployment rate).
A non-monotonic and an ANCOVA econometric models are postulated in order to capture the structural pattern of the relationship between openness and output growth as well as the policy effect of structural Adjustment program (SAP).
The result shows that there is an inverted U-shape (no-monotonic) relationship between openness and output growth in Nigeria and the optimum degree of openness for the economy is estimated to be about 67%. Also, the liberalization policy of the SAP has positive economic effect on the output growth. The ECM reveals that 79% of the equilibrium error is being corrected in the next period. We concluded that unbridled openness may have deleterious effect on the real growth of output of the Nigerian economy.
1.1 Introduction
… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, Research hypothesis and questions, limitation of the study and definition of terms.…
