THE IMPACT OF INTERNATIONAL TRADE ON THE DEVELOPMENT OF COMMERCE AND INDUSTRY IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The project set out to examine the impact of international trade on the development of commerce and industry in Nigeria, the variables used for this study are GDP, Volume of Import, Volume of Export, Net Export and Trade Openness. The methodology used is Ordinary Least Squares (OLS) and E-new software package. The main objective of this study is to examine the relationship between international trade and economic growth, and to examine the impact of international trade on the development of commerce and industry in Nigeria. The T-test is used to determine the significance of the individual parameter estimates. The F-test is used to determine the significance of the entire regression plan. The regression result shows that NEXP (Net Export) and VIMP (Volume of Import has a positive relationship with GDP) while Trade openness and VIMP (Volume of Import has a negative relationship with GDP). The researcher made the following recommendations among others: The federal government of Nigeria should put in more efforts in encouraging local manufacturers to produce more.
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