TRADE OPENNESS AND ECONOMIC DEVELOPMENT IN NIGERIA

Abstract

The study examined the impact of trade openness on economic development in Nigeria for
the period of 1981-2018. Time series data and econometric techniques like ADF Unit Root
Test, Cointegration and ARDL model were used. It was found that there is a long run and
positive relationship between Trade Openness and economic growth in Nigeria. The study
concluded that trade openness is an important determinant of economic growth. The study
therefore recommends that government provide sound trade policies that guarantee and
enhance, trade openness for national and international economic integration and boost
economic development.