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Trade Openness and Economic Growth in Selected Ecowas Member Countries (1975-2004)

Trade Openness and Economic Growth in Selected Ecowas Member Countries (1975-2004)

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DEDICATION

This research material, titled “Trade Openness and Economic Growth in Selected Ecowas Member Countries (1975-2004)” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

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 Business Administration and Management (BAM) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Trade Openness and Economic Growth in Selected Ecowas Member Countries (1975-2004) 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.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    ABSTRACT

    As common as globalization, its conceptualization is difficult to capture, this is because of its trans-disciplinary nature. Concentrating on the economic viewpoint, the study examined the impact of trade openness (which involve the process that promotes the integration of interdependence among nations by reducing barriers to trade, migration, capital flow and technology transfer) on economic growth of selected ECOWAS member countries hinging on outward growth orientedness.

    Analyzing the secondary data sourced from IFS and Polity IV descriptively and with OLS multiple regression method (after ascertaining the order of variables stationarity) the following findings were made:(1) Average Ivorian lives better than his/her counterparts in other countries in the region. (2) Few Member States especially Burkina Faso had not considerably opened her economy.

    (3) Trade openness was statistically significant and impacted positively on the economies of Nigeria and Ghana but a different story holds for others. (4) Evidence from the study also shows that prevailing socio-political situation in the region was counter productive except in Ghana and Cote d'Ivoire. (5) Government spending had not yielded sufficient returns in economic growth process of Members especially in Nigeria and Mali.

    It was recommended, among others, that Member States should follow the current trend of trade openness but efforts should be made to process their primary products to at least intermediate stage and also the importation of consumer goods should be reduced. This means that appropriate trade policy within the region can help in maximizing the opportunities that are latent in trade openness. It was equally emphasized that viable private sector activities and harmonious socio-political climate are crucial for economic growth.


    Trade Openness and Economic Growth in Selected Ecowas Member Countries (1975-2004)

    CHAPTER ONE

    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 technical terms.…

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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