Can globalisation induce economic growth in less developed economies? Evidence from Nigeria small open economy
Loading...
Date
2011-12
Journal Title
Journal ISSN
Volume Title
Publisher
Sabinet
Abstract
Effects of globalisation on economic growth in Nigeria were examined. The study methododology was mainly
Error Correction Mechanism. The findings revealed that globalisation has negative impact on economic growth
in the long run, but positive in the short run. This suggests that while Nigeria participates in globalisation
exercise, caution should be exercised in opening up all its growing sectors to international competition, so as
not to permanently stiffen the growth of these sectors in the long run with its accompanied negative impacts on
the economy
Description
Keywords
Globalisation, Economic growth, Error correction model, Small open economy
Citation
Aremo, A. G., & Aiyegbusi, O. O. (2011). Can globalisation induce economic growth in less developed economies? Evidence from Nigeria small open economy. Journal of Emerging Trends in Economics and Management Sciences, 2(6), 511-519.