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September 5, 2025

Effect of foreign trade on inclusive growth in Nigeria: A vector Error Correction Model (VECM) approach.

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Authors

KOKazeem Opeyemi OladapoRORasheed Oyaromade

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Overview

Observational analysis revealed trade openness moderately enhances inclusive growth in Nigeria, suggesting macroeconomic adjustments are needed.

Key Points

  • Trade openness has a moderate positive effect on inclusive growth, with a coefficient of 0.006.
  • Inflation negatively affects inclusive growth, undermining growth inclusivity significantly.
  • Labour force participation is positively associated with inclusive growth, but foreign direct investment has minimal impact.
  • Structural rigidities limit short-run effects of trade openness and other variables on inclusive growth.

Cite This Study

Oladapo et al. (2025) studied this question.

synapsesocial.com/papers/68c238d2b210217d64778ddbhttps://doi.org/10.59568/ijebm-2025-1-2-05
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