<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</abstract>

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.

An Empirical Investigation of the Relationship between Financial Development and Merchandise Trade in Nigeria

Research, Policy & International Relations Department, Nigeria Deposit Insurance Corporation

Ph.D. is a Principal Economist in the Research, Policy & International Relations Department

Department of Economics, Faculty of Economics and Management Sciences

Zagreb International Review of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This study examines the empirical relationship between financial development and merchandise trade in Nigeria using annual data from 1981 to 2014. The...

An Empirical Investigation of the Relationship between Financial Development and Merchandise Trade in Nigeria

Data publikacji: 29 maj 2021

Zakres stron: 1 - 20

DOI: https://doi.org/10.2478/zireb-2021-0001

Słowa kluczowe
Error correction model, merchandise trade, financial development

© 2021 Oluwafemi Mathew Adeboje et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

An Empirical Investigation of the Relationship between Financial Development and Merchandise Trade in Nigeria

Data publikacji: 29 maj 2021

Zakres stron: 1 - 20

DOI: https://doi.org/10.2478/zireb-2021-0001

Słowa kluczoweError correction model, merchandise trade, financial development

© 2021 Oluwafemi Mathew Adeboje et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Słowa kluczowe
Error correction model, merchandise trade, financial development