scholarly journals OVER THREE DECADES OF TRADE LIBERALISATION IN NIGERIA: IMPLICATIONS FOR INDUSTRIAL REVOLUTION

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Geraldine E. Nzeribe ◽  
Chinecherem M. Uzonwanne ◽  
Uju R. Ezenekwe
Keyword(s):  
Trade Liberalization ◽  
Structural Adjustment ◽  
Industrial Revolution ◽  
Trade Openness ◽  
Trade Liberalisation ◽  
Trade Policies ◽  
Bounds Testing ◽  
Positive Effect ◽  
Opening Up ◽  
Ardl Bounds Testing Approach

The quest for a self-reliant and industrialised economy made Nigeria adopt several policies, over the years, towards opening up the economy to the industrialised world. The 1986 structural adjustment programme and other successive reforms were aimed at liberalising the economy. This study, using the ARDL bounds testing approach and interaction of trade liberalization dummy with trade openness, investigates if trade liberalization led to industrialization or de-industrialisation during the period under review and finds that trade liberalisation actually led to de-industrialisation but the interaction of trade liberalization and trade openness has positive effect on industrialization. The study recommends that liberalization of the economy should be handled with caution and should be accompanied by dynamic and flexible trade policies that will boost exports, especially industrial exports

scholarly journals Trade openness and FDI in Zimbabwe: What does data tell us?

2015 ◽  
Vol 12 (4) ◽  
pp. 303-311 ◽  
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Causal Relation ◽  
Trade Openness ◽  
Trade Policies ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Study Find ◽  
Long Run ◽  
Causality Relationship ◽  
Bounds Testing Approach

The study focus on the causal relation between trade openness and foreign direct investment (FDI) in Zimbabwe. The choice for the country came about due to the consideration that such an area on trade openness and FDI has not been adequately covered in Zimbabwe. In the absence of consensus in the literature about the causal relation between trade openness and FDI, it has been found not to be easy to formulate effective FDI and international trade policies. Scores of researchers have failed to agree on the causality relationship between trade openness and FDI. Some have said trade openness boost FDI inflow while other researchers, though few are of the opinion that it is FDI that accelerates trade openness of the host country. On the other hand, some authors maintain that both FDI and trade openness affect each other whilst others says no relationship exist between the two variables. Using the ARDL (Autoregressive distributed lag)-bounds testing approach, this study find that there is no long run relationship between FDI and trade openness in Zimbabwe.

Trade Liberalization, Infrastructure Development, and FDI in India and China

2020 ◽  
pp. 1414-1441
Author(s):  
Rajib Bhattacharyya
Keyword(s):  
Trade Liberalization ◽  
Global Economy ◽  
Time Series Data ◽  
Trade Openness ◽  
Analytical Framework ◽  
Infrastructure Development ◽  
China And India ◽  
The One ◽  
Opening Up ◽  
India And China

The two largest economies in Emerging Asia, China and India, are considered to be the ‘power houses' of global economy. China and India adopted the policy of ‘opening up to the outside world' respectively in 1978 and 1991. Trade openness and infrastructure development has been acknowledged as crucial pre-conditions for attracting foreign direct investment (FDI). China's path of development was guided by the so called fast growing nations, which laid substantial emphasis on building strong infrastructural base at great speed. But India, on the other hand did not adopt the strategy of building infrastructure base prior to the growth of demand, like the one which has been followed by most successful Asian countries achieving rapid infrastructure development. So early opening up and improved infrastructure has attracted more FDI in China than in India. So the present study seeks to examine the relationship between trade liberalization, infrastructure development and FDI inflows in India and China using secondary time series data in a comparative analytical framework.

Trade Liberalization, Infrastructure Development, and FDI in India and China

2017 ◽  
pp. 258-284
Author(s):  
Rajib Bhattacharyya
Keyword(s):  
Trade Liberalization ◽  
Global Economy ◽  
Time Series Data ◽  
Trade Openness ◽  
Analytical Framework ◽  
Infrastructure Development ◽  
China And India ◽  
The One ◽  
Opening Up ◽  
India And China

The two largest economies in Emerging Asia, China and India, are considered to be the ‘power houses' of global economy. China and India adopted the policy of ‘opening up to the outside world' respectively in 1978 and 1991. Trade openness and infrastructure development has been acknowledged as crucial pre-conditions for attracting foreign direct investment (FDI). China's path of development was guided by the so called fast growing nations, which laid substantial emphasis on building strong infrastructural base at great speed. But India, on the other hand did not adopt the strategy of building infrastructure base prior to the growth of demand, like the one which has been followed by most successful Asian countries achieving rapid infrastructure development. So early opening up and improved infrastructure has attracted more FDI in China than in India. So the present study seeks to examine the relationship between trade liberalization, infrastructure development and FDI inflows in India and China using secondary time series data in a comparative analytical framework.

scholarly journals Does Trade Liberalization Reduce Poverty in Mali? Evidence from ARDL Bounds Testing Approach

2020 ◽  
Vol 12 (9) ◽  
pp. 11
Author(s):  
Adjouro Togo
Keyword(s):  
Trade Liberalization ◽  
Poverty Reduction ◽  
Infant Mortality Rate ◽  
Capita Consumption ◽  
Bounds Testing ◽  
Bounds Testing Approach ◽  
Per Capita ◽  
Testing Approach ◽  
Per Capita Consumption ◽  
Ardl Bounds Testing Approach

This paper investigates the impact of trade liberalization on poverty reduction in Mali over the period 1986-2018. Like Magombeyi and Odhiambo (2017), we will use three measures of poverty (namely per capita consumption, infant mortality rate and life expectancy) to capture its multidimensional aspects. Using the ARDL bounds testing approach, the findings indicate that there is a negative relationship between trade liberalization and three proxies of poverty reduction in the long-run. However, it significantly only decreased per capita consumption. Yet, in the short-run, trade liberalization has a positive and significant effect on per capita consumption and life expectancy. In contrast, it has a negative and significant impact on the infant mortality rate. From these findings, it can be said that in Mali, the effect of trade liberalization on poverty reduction is not sensitive to poverty proxies but depends on complementary policies. Factors such as financial deepening, education, consumer price index institutional quality, and infrastructure development seem to influence the relationship between trade liberalization, and poverty reduction.

Globalization, Institutions, and Ethnic Inequality

2021 ◽  
pp. 1-33
Author(s):  
Nils-Christian Bormann ◽  
Yannick I. Pengl ◽  
Lars-Erik Cederman ◽  
Nils B. Weidmann
Keyword(s):  
Trade Liberalization ◽  
Ethnic Groups ◽  
Trade Openness ◽  
Economic Globalization ◽  
Domestic Institutions ◽  
Theoretical Argument ◽  
Ethnic Inequality ◽  
Marginalized Groups ◽  
State Apparatus ◽  
Over Time

Abstract Recent research has shown that inequality between ethnic groups is strongly driven by politics, where powerful groups and elites channel the state's resources toward their constituencies. Most of the existing literature assumes that these politically induced inequalities are static and rarely change over time. We challenge this claim and argue that economic globalization and domestic institutions interact in shaping inequality between groups. In weakly institutionalized states, gains from trade primarily accrue to political insiders and their co-ethnics. By contrast, politically excluded groups gain ground where a capable and meritocratic state apparatus governs trade liberalization. Using nighttime luminosity data from 1992 to 2012 and a global sample of ethnic groups, we show that the gap between politically marginalized groups and their included counterparts has narrowed over time while economic globalization progressed at a steady pace. Our quantitative analysis and four qualitative case narratives show, however, that increasing trade openness is associated with economic gains accruing to excluded groups in only institutionally strong states, as predicted by our theoretical argument. In contrast, the economic gap between ethnopolitical insiders and outsiders remains constant or even widens in weakly institutionalized countries.

Sign in / Sign up

Export Citation Format

Share Document