INTERNATIONAL TRADE AND ECONOMIC GROWTH IN NIGERIA 1985 - 2022
Prof Osuka, Boniface O. Department Of Banking And Finance, Imo State University, Owerri, Imo State Prof Ojiegbe, Josephine N. Department Of Banking And Finance, Imo State University, Owerri, Imo State Joeojiegbe@hotmail.com Ihejirika, Francis I De
Volume 3, Issue 2, September 2023
This paper examined the impact of international trade on economic growth in Nigeria for the period 1985 to 2022. The independent variables are export of goods and services, import of goods and services, trade openness, exchange rate and foreign exchange. The test for unit root, co integration, autocorrelation, bounds and Auto regression Distributive Lag (ARDL) were conducted in this study. The researchers concluded that international trade has profound impact on economic growth in Nigeria and it was also recommended among other things that monetary authorities should ensure the stability of exchange rate in Nigeria.