An analysis of the impact of tariffs on economic growth in Nigeria
( Pp. 53-58)
More about authors
Adie Joseph Adie
Fakultet ekonomiki
University of Calabar Ofem Lekam Ujong (PhD), Fakultet ekonomiki
University of Calabar
University of Calabar Ofem Lekam Ujong (PhD), Fakultet ekonomiki
University of Calabar
Abstract:
This paper examines the extent to which tariff has brought about economic growth in Nigeria between the period of 1981-2018. The ordinary least square method of regression was used to determine the individual parameter estimate. The F-test was used to determine the significance of the entire regression. Econometric analysis was also used to determine the impact of tariff and other variables like real gross domestic products as a proxy to economic growth, export, exchange rate and trade openness on economic growth in Nigeria. The findings from the regression result show that tariff had a positive relationship with economic growth in Nigeria, but it was statistically insignificant for this research. This paper also presents tariff, export and exchange rate as co-contributors in the stimulation of economic growth in Nigeria as was seen in their positive relationship with real gross domestic products, but trade openness had a negative impact on economic growth.
How to Cite:
Adie J.A., Ofem L.U., (2020), AN ANALYSIS OF THE IMPACT OF TARIFFS ON ECONOMIC GROWTH IN NIGERIA. Economic Problems and Legal Practice, 2 => 53-58.
Reference list:
Awokuse, T., O. (2008) Trade openness and economic growth: is growth export-led or import-led Applied Economics, 40, 161-173.
Barro, R., J., and Sala-i-Martin, X (1995) Economic growth. New York: McGraw-Hill.
Central bank of Nigeria(CBN), (2018) economic financial review, vol. 45, no 1, 47-88
Edwards, S. (1998) Openness, productivity and growth: what do we really know The Economic Journal, 108(447), 383 - 398.
Egger, H., and Kreickemeier, U (2009) Firm Heterogeneity and the Labor Market Effects of Trade Liberalization. International Economic Review, 50, (1), 187-216.
Frankel, J. A. and Romer, D. (1999) Does trade cause growth The American Economic Review, 89(3), 379 - 399.
Harrison, A., and Hanson, G. (1999) Who gains from trade reform Some remaining puzzles. Journal of Development Economics, 50, 125-54.
Harrison, A. (1996) quot;Openness and growth: a time-series, cross-country analysis for developing countries quot;, Journal of Development Economics, 48(2), 419 - 447.
Irwin, D., A. (2002) Interpreting the tariff-growth correlation of the late 19th century. American Economic Review, Papers and Proceedings 92:165-9.
Maddion, Agnos. (1995). Monitoring the world economy. 1920-1990. OCED publishers, Paris.
O Rourke, K. (2000) Tariffs and growth in the late 19th century. Economic Journal, 110, 456-83.
Rodriguez, F. and Rodrik, D. (2001) Trade policy and economic growth: a sceptic s guide to the cross-national evidence, NBER Macroeconomics Annual 2000,261 - 324 (Cambridge, MA: MIT Press).
Walde, K. and Wood, C. (2005) The empirics of trade and growth: where are the policy recommendations , International Economics and Economic Policy, 1(2 - 3), 275 - 292.
www.http://worldbankindicators.org
Yanikkaya, H. (2003) Trade openness and economic growth quot;Journals of economic growth quot; vol 72, pp.37-89
Barro, R., J., and Sala-i-Martin, X (1995) Economic growth. New York: McGraw-Hill.
Central bank of Nigeria(CBN), (2018) economic financial review, vol. 45, no 1, 47-88
Edwards, S. (1998) Openness, productivity and growth: what do we really know The Economic Journal, 108(447), 383 - 398.
Egger, H., and Kreickemeier, U (2009) Firm Heterogeneity and the Labor Market Effects of Trade Liberalization. International Economic Review, 50, (1), 187-216.
Frankel, J. A. and Romer, D. (1999) Does trade cause growth The American Economic Review, 89(3), 379 - 399.
Harrison, A., and Hanson, G. (1999) Who gains from trade reform Some remaining puzzles. Journal of Development Economics, 50, 125-54.
Harrison, A. (1996) quot;Openness and growth: a time-series, cross-country analysis for developing countries quot;, Journal of Development Economics, 48(2), 419 - 447.
Irwin, D., A. (2002) Interpreting the tariff-growth correlation of the late 19th century. American Economic Review, Papers and Proceedings 92:165-9.
Maddion, Agnos. (1995). Monitoring the world economy. 1920-1990. OCED publishers, Paris.
O Rourke, K. (2000) Tariffs and growth in the late 19th century. Economic Journal, 110, 456-83.
Rodriguez, F. and Rodrik, D. (2001) Trade policy and economic growth: a sceptic s guide to the cross-national evidence, NBER Macroeconomics Annual 2000,261 - 324 (Cambridge, MA: MIT Press).
Walde, K. and Wood, C. (2005) The empirics of trade and growth: where are the policy recommendations , International Economics and Economic Policy, 1(2 - 3), 275 - 292.
www.http://worldbankindicators.org
Yanikkaya, H. (2003) Trade openness and economic growth quot;Journals of economic growth quot; vol 72, pp.37-89
Keywords:
tariff, economic growth, export, exchange rate, GDP.
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