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EFFECT OF TRADE GLOBALIZATION ON THE REDUCTION OF POVERTY IN NIGERIA
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Table of contents
CHAPTER ONE: Introduction 1
1.1 Background of the study 1
1.2 Statement of problem 3
1.3 Objectives of the study 4
1.4 Research questions 4
1.5 Research hypotheses 4
1.6 Justification for the study 4
1.7 Scope of the study 5
1.8 Chapterisation of the Study 5
1.9 Definition of Terms 6
CHAPTER TWO: Literature Review 7
2.1 Conceptual Framework 7
2.1.1 Meaning of Trade Globalisation 7
2.1.2 Meaning of Poverty 11
2.1.3 Relationship between Trade Globalisation and Poverty 14
2.1.4 Factors linking trade globalisation and poverty reduction in Nigeria 18
2.1.5 Globalisation and the Nigerian Economy 22
2.2 Theoretical Framework 24
2.2.1 Theories of Poverty 24
2.2.2 Theories of Trade Globalisation 26
2.3 Empirical Review 27
CHAPTER THREE: Research Methodology 31
3.0 Introduction 31
3.1 Source of Data 31
3.2 Model Specification 31
3.3 Apriori Expectation 32
3.4 Methods of Analysis 32
3.5 Evaluation Criteria 32
3.5.1 Statistical Criterion 33
3.5.2 Econometric Criterion (Second Order Test) 33
CHAPTER FOUR: Data Presentation and Analysis of Result 34
4.0 Introduction 34
4.1 Restatement of Model 34
4.1.1 Data Presentation 34
4.2 Results and Discussions 35
CHAPTER FIVE: Summary, Conclusion and Recommendations 38
5.1 Summary 38
5.2 Conclusion 39
5.3 Recommendations 39
References 41
Appendix 44
Abstract
This research assessed the effect trade globalization on the reduction of poverty in Nigeria from 1997 to 2017. This adopts the econometric techniques of the Non-Monotonic modeling and the Analysis of variance (ANOVA) modeling. Secondary data was used for the estimation and was source from Central Bank Statistical Bulletin of 2017 volume. Results indicates international trade is playing a major role in economic growth of Nigeria but then, of all the variables applied as proxies to international trade, only Exchange rate (EXCHR) remains positive and significant while others remain insignificant. This indicates a major problem in the economy of the nation examined. It was concluded that not all the econometric test applied in this study show a statistically significant relationship between the dependent and independent variables from the model in both the long and short runs thus, foreign direct investment, exchange rate and total foreign trade has significant implications on the level of GDP in Nigeria. It therefore recommend that there should be an allowance for policies that allow access to a wider base of technological knowledge, it makes technological diffusion easier, it motivates research and avoids redundancies in research
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