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ANALYSIS OF THE IMPACT OF TARIFFS ON ECONOMIC GROWTH IN NIGERIA (1980-2010)

ABSTRACT

This study looks at the impact of tariff on the economic growth of Nigeria. It examines the extent to which tariff has brought about economic growth in Nigeria between the period of 1980-2010. Tariff which is a form of tax or trade restriction levied on imported goods, in order to encourage the infant industries from international competitions, this can boost economic growth. The ordinary least square method of regression was used to analysis the relationship between tariff and economic growth. the T-test was used to determine the individual parameter estimate. The F-test was used to determine significance of the entire regression. Econometric analysis also was used to determine the impact of the tariff and other variables like real gross domestic product as a proxy to economic growth, export, exchange rate and trade openness on economic growth in Nigeria. The findings from the regression result show that tariff has a positive statistical significant impact on economic growth in Nigeria. In conclusion, tariff including the other variables all work together to stimulate economic growth. It was recommended that policy on trade should be made to improve tariff imposition in Nigeria.

 

TABLE OF CONTENTS

Approval page - - - - - - - - - - -i

Dedication - - - - - - - - - - - -ii

Acknowledgement - - - - - - - - - -iii

Abstract - - - - - - - - - - - -v

Table of contents - - - - - - - - - - -vi

 

CHAPTER ONE

INTRODUCTION

1.1 Background of the study - - - - - - - - -1

1.2 Statement of research problem - - - - - - - -3

1.3 Objective of the research study - - - - - - - -4

1.4 Statement of the hypothesis - - - - - - - -5

1.5 Relevance of the study - - - - - - - - -5

1.6 Limitation of the study - - - - - - - - -6

 

CHAPTER TWO

LITERATURE REVIEW

2.1 Literature Review - - - - - - - - -7

2.2 Theoretical review - - - - - - - - -8

2.3 Arguments for trade barriers - - - - - - - -12

2.3.1 Infant industry arguments - - - - - - - -12

2.3.2 protecting consumers arguments - - - - - - -13

2.3.3 National security argument - - - - - - - -13

2.3.4 Retaliation argument - - - - - - - - -13

2.3.5 Protecting domestic employment argument - - - - -14

2.3.6 wage protection argument - - - - - - - -14

2.3.7 Protection against dumping - - - - - - - -15

2.4 Empirical literature - - - - - - - - -16

2.5 Limitations previous studies - - - - - - - -22

 

CHAPTER THREE

METHODOLOGY

3.1 Methodological Framework - - - - - - - -24

3.2 Model - - - - - - - - - - -25

3.3 Model Specification - - - - - - - - -25

3.4 Economic Aprion (Battery Test) - - - - - - -26

3.4.1 Stationary (Unit Root) Test - - - - - - - -26

3.4.2 Co-Integration - - - - - - - - - -27

3.5 Technique Of Estimation - - - - - - - -27

3.6 Method Of Result Evaluation - - - - - - - -28

3.7 Source of Data- - - - - - -- - - -31

 

CHAPTER FOUR

EMPIRICAL RESULT

4.1 Presentation of regression results - - - - - - -32

4.1.1 Stationary (unit root analysis) - - - - - - - -32

4.1.2 Co-integration test - - - - - - - - -34

4.2 Evaluation of regression result - - - - - - - -35

4.2.1 Evaluation based on economic apriori criteria - - - - -36

4.2.2 Evaluation based on statistical criteria - - - - - -37

4.2.3 Evaluation based on econometric criteria - - - - - -40

4.2.4 Evaluation of research hypothesis - - - - - - -46

4.3 Research findings - - - - - - - - -46

 

CHAPTER FIVE

SUMMARY, POLICY RECOMMENDATIONS AND CONCULSION

5.1 summary of research findings - - - - - - - -47

5.2 Policy recommendations - - - - - - - - -47

5.3 Conclusion- - - - - - - - - - -50

Bibliography- - - - - - - - - - -51

Appendix- - - - - - - - - - - -53


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