Does Real Income and Population Matter in Evaluating Domestic Trade Performance? Evidence from Nigeria
Main Article Content
Abstract
Domestic trade has been a key sector in the Nigerian economy in terms of economic sustainability, following its performance and resiliency in both tranquil and turbulent periods. Using Autoregressive Distributed Lag (ARDL) model for the period 2012Q3 to 2022Q3, this study examines the impact of factors driving trade growth in Nigeria. The findings show that growth in the country’s population and per capita income are the major factors driving domestic trade growth in Nigeria in both short-run and long-run periods. Also, changes in exchange rates positively impact domestic trade growth in the long-run period; information technology, in terms of growth in numbers of internet subscriptions, as well as trade openness, do not have a significant impact on trade growth. We suggest that the government expand internet coverage across the country and intentionally deepen the awareness of growing trade globalisation and its benefits to citizens and the nation’s economic growth.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Once the manuscript is accepted for publication, authors shall transfer the copyright to the publisher. If the submitted manuscript is not accepted for printing by the journal, the authors shall retain all their rights. The following rights on the manuscript are transferred to the publisher, including any supplementary materials and any parts, extracts or elements of the manuscript:
- the right to reproduce and distribute the manuscript in printed form, including print-on-demand;
- the right to print prepublications, reprints and special editions of the manuscript;
- the right to translate the manuscript into other languages;
- the right to reproduce the manuscript using photomechanical or similar means including, but not limited to photocopy, and the right to distribute these copies;
- the right to reproduce and distribute the manuscript electronically or optically using and all data carriers or storage media, and especially in machine readable/digitalized form on data carriers such as hard drive, CD-ROM, DVD, Blu-ray Disc (BD), Mini Disc, data tapes, and the right to reproduce and distribute the article via these data carriers;
- the right to store the manuscript in databases, including online databases, as well as the right to transmit the manuscript in all technical systems and modes;
- the right to make the manuscript available to the public or to closed user groups on individual demand, for use on monitors or other readers (including e-books), and in printable form for the user, either via the Internet, online service, or via internal or external networks.