freign trae an enmi grwth eviene frm nigeria：尼日利亚对外贸易与经济增长的实证.pdfVIP

Arabian Journal of Business and Management Re view (OMAN Chapter) Vol. 2, No.1; Aug 2012 FOREIGN TRADE AND ECONOMIC GROWTH: EVIDENCE FROM NIGERIA 1 2 John Sylvester AFAHA , Aiyelabola Omolayo Oluwatobi 1Department of Economics, College of Social and Management Caleb University, Imota Lagos, Nigeria 2 Department of Economics, College of Social and Management Caleb University, Imota Lagos, Nigeria **Correspondence Author 26 Arabian Journal of Business and Management Re view (OMAN Chapter) Vol. 2, No.1; Aug 2012 ABSTRACT Foreign trade enlarges the market for a country’s output. Exports may lead to increase in national output and may become an engine of growth. Expansion of a country’s foreign trade may energize an otherwise stagnant economy and may lead it on to the path of economic growth and prosperity. The relationship between trade and growth is envisaged through an export led growth strategy. The study focuses on the impact of trade on Nigeria economic growth. In carrying out this project, linear multiple regression analysis techniques was used in assessing various components of foreign trade. Data used in this study were extracted from CBN statistical bulletin, 2011 edition. The regression analysis was carried out using E-views statistical tool. From the analysis the results shows that export, exchange rate, and per capital income are positively related while economic openness, import are negatively related to output (proxy by GDP) of Nigeria with 60%, 0.4%, 101%, 41%, 1.2% respectively and the Adjusted R2 is 0.99 for the period of 19