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Economic globalization and economic performance dynamics: Some new empirical evidence from Nigeria

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dc.title Economic globalization and economic performance dynamics: Some new empirical evidence from Nigeria en
dc.contributor.author Verter, Nahanga
dc.contributor.author Osakwe, Christian Nedu
dc.relation.ispartof Mediterranean Journal of Social Sciences
dc.identifier.issn 2039-9340 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2015
utb.relation.volume 6
utb.relation.issue 1
dc.citation.spage 87
dc.citation.epage 96
dc.type article
dc.language.iso en
dc.publisher Mediterranean Center of Social and Educational Research
dc.identifier.doi 10.5901/mjss.2015.v6n1p87
dc.relation.uri http://www.mcser.org/journal/index.php/mjss/article/view/5441
dc.subject ARDL approach en
dc.subject Cointegration en
dc.subject Development en
dc.subject Economic growth en
dc.subject FDI en
dc.description.abstract The study focuses on the macro-economic impact of leading economic globalization indicators on the Nigerian economy, during the period from 1980 to 2012. The findings from this study lend credence to the FDI-led growth hypothesis in developing economies. Moreover, migrants’ remittances inflow was found to be positively associated with economic performance, albeit in the short-run only. In contrast, the KOF dimension of economic globalization index (ECGI) was found to have an adverse effect on economic performance in the long-run and equally showed proof of a negative relationship in the short-run even though it was statistically insignificant. Similarly, real effective exchange rate and trade openness were found to be statistically insignificant in the short-run and long-run. Policy makers in Nigeria should endeavour to create robust legislation and credible institutional frameworks that would not only encourage more capital flows into the shores of Nigeria, but also would protect the country’s ‘interest’ in the midst of ongoing economic globalization. © 2015 Mediterranean Journal of Social Sciences. All rights received. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1004514
utb.identifier.obdid 43872873
utb.identifier.scopus 2-s2.0-84923091825
utb.source j-scopus
dc.date.accessioned 2015-05-28T11:39:06Z
dc.date.available 2015-05-28T11:39:06Z
dc.rights Attribution 3.0 International
dc.rights.uri https://creativecommons.org/licenses/by/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Osakwe, Christian Nedu
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