Izvorni znanstveni članak
https://doi.org/10.2478/zireb-2021-0001
An Empirical Investigation of the Relationship between Financial Development and Merchandise Trade in Nigeria
Oluwafemi Mathew Adeboje
orcid.org/0000-0002-7490-6951
; Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan
Isiaka Akande Raifu
orcid.org/0000-0001-9677-8906
; Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan
Frank I. Ogbeide
; Research, Policy & International Relations Department, Nigeria Deposit Insurance Corporation, Abuja
Olusegun Abiola Orija
; Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan
Sažetak
This study examines the empirical relationship between financial development and merchandise trade in Nigeria using annual data from 1981 to 2014. The empirical analysis is also carried out on the disaggregated components of the trade, that is, merchandise export and import, for robust analysis. Estimation results based on error correction model show that there exists significant long run positive relationship between financial development and export in Nigeria over the period under study. There is need for government to therefore provide enabling environment for financial sector to thrive through sound macroeconomic policies for effective economic diversification through export.
Ključne riječi
Error correction model; merchandise trade; financial development
Hrčak ID:
257991
URI
Datum izdavanja:
31.5.2021.
Posjeta: 624 *