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首页> 外文期刊>European Journal of Business and Management >Trade Liberalisation and Imported Inputs in Nigeria: Gains or Losses?
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Trade Liberalisation and Imported Inputs in Nigeria: Gains or Losses?

机译:尼日利亚的贸易自由化和进口投入:收益还是损失?

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Nigeria, just like other nations exchange goods and services with different economies around the world. Tellingly, this exchange arose because countries discover that they do not have all the material resources they need; hence bilateral or multilateral engagement with regards to foreign purchase becomes unavoidable. This study investigated whether there was growth in the importation of indispensable raw materials in Nigeria, using annual data from 1970 to 2014 taken from the World Bank and the Central Bank of Nigeria. The annual time series were examined for unit root. To check for long run relationship, the Johansen cointegration test was applied. The study adopted Ordinary Least Squares (OLS) estimation technique and an error correction modelling (ECM) approach. Findings from the study indicate a statistically significant increase in the growth of raw materials importation both in the long run and short run. Therefore, the government is advised to remove any bottleneck that impedes the imports of invaluable raw materials required for local production. When this is sincerely done, productivity gains could be maximised.
机译:尼日利亚与其他国家一样,与世界各地的不同经济体交换商品和服务。可以说,之所以发生这种交流,是因为各国发现自己没有所需的所有物质资源。因此,在国外购买方面的双边或多边参与不可避免。这项研究使用了世界银行和尼日利亚中央银行从1970年到2014年的年度数据,调查了尼日利亚必不可少的原材料进口量是否有所增长。检查年度时间序列的单位根。为了检查长期关系,应用了约翰逊协整检验。该研究采用了普通最小二乘(OLS)估计技术和纠错建模(ECM)方法。该研究的结果表明,从长期和短期来看,原材料进口的增长在统计上都显着增加。因此,建议政府消除任何阻碍进口本地生产所需的宝贵原材料的瓶颈。真诚地做到这一点,可以最大程度地提高生产率。

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