ARTÍCULO
TITULO

The Relationship Between Trade Openness and Economic Growth: The Case of Ghana and Nigeria

Hlalefang Khobai    
Nwabisa Kolisi    
Clement Moyo    

Resumen

This study purposed to determine the long run relationship between trade openness and economic growth in Ghana and Nigeria covering the period between 1980 and 2016. It incorporated investment, exchange rates and inflation as the additional variables. To test for stationarity of the data, the augments Dickey-Fuller (ADF) (Dickey and Fuller, 1981), the Phillips and Perron (1988) and the DF-GLS test proposed by Elliot, Rothenberg and Stock (1996) were used. The Autoregressive distributed lag (ARDL) model was employed in this study to examine the long run relationship between the variables. The findings of the study suggested existence of a long run relationship among the variables for both countries. The results further showed that trade openness has a positive impact on economic growth and significant at the 1% level in Ghana while in Nigeria trade openness has a negative but insignificant effect on economic growth. These results imply that different policy measures should be put into place for each of these two countries.Keywords: Trade Openness, Economic growth, ARDL, Nigeria and GhanaJEL Classifications: C1, F14, F41, F43

 Artículos similares

       
 
Kamil Albert Homski     Pág. 37 - 44
The first aim of this study was to measure the efficiency of the R&D sector in the EU countries. The findings have indicated that the sector?s efficiency was different in particular countries. It was more than three times higher in the most efficient... ver más

 
Jakub Staniszewski     Pág. 7 - `18
The paper reviews the economic theories that describe the relationship between agricultural productivity growth and economic development. Historical examples of such relationships are also presented. The review proves that improvements in the productivit... ver más

 
Huseyin Avunduk     Pág. 20 - 33
Today, manufacturing industries are trying to maintain and increase their competitiveness in an environment where constantly changing uncertainty prevails. The industry is increasingly searching for new technology to respond quickly and at low cost to fl... ver más

 
Axellina Muara Setyanti,Setyo Tri Wahyudi     Pág. 208 - 219
Abstract: FDI - employment relationship has been a major concern of many researchers due to it's various findings. FDI is stated that able to trigger growth in employment, however, on the other hand, some have found that employment conditions affect FDI ... ver más
Revista: Jurnal Economia

 
I Wayan Gde Sarmawa,Ida Ayu Oka Martini,Ida Ayu Putu Widani Sugianingrat     Pág. 249 - 266
Abstract: Companies are constantly trying to maintain customer trust and loyalty in an effort to preserve business sustainability. Implementing environmental concerns in the form of Corporate Social Responsibility (CSR) is expected to achieve both of the... ver más
Revista: Jurnal Economia