FOREIGN TRADE AND POVERTY IN NIGERIA, 1981-2019
Authors:
Egbuche, Anthony Aniegboka, Phd
Abstract:
The study investigated the aftermath effect of foreign trade on poverty in Nigeria. Data range 1981-2019 sourced from World Bank, Central Bank of Nigeria National Bureau of Statistics. Autoregressive Distributed Lag (ARDL) was deployed for analysis of econometric architype, 93%. The outcome attests fickle were of order I(1) and I(0). ARDL bound test observation attest to a long-run convergence of the fickle. It was determined that net export has a positive sign, but inconsequential aftereffect on poverty both for shut and long run. Trade liberalization was compelling and decisive and connected to poverty in the short and long run. The exchange rate has confidence after effect on lack on the short and negative effect on poverty in the long run. EDB has pessimistic after effect on poverty in the short run and confident aftereffect in the long run. These impacts are not symbolic on the shut and long run. The long-run friendship conforms to the theoretical postulation. This result implies then short-run as Nigeria improves on world EDB ranking could deteriorate and poverty remain a challenge.