Browsing by Author "Adamu, Fahad Muhammad"
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Article Citation Count: Adamu, F.M., Doğan, E. (2017). Trade openness and industrial growth: evidence from Nigeria. Panoeconomicus, 64(3), 297-314. http://dx.doi.org/10.2298/PAN150130029ATrade openness and industrial growth: evidence from Nigeria(Savez Ekonomista Vojvodine, 2017) Adamu, Fahad Muhammad; Doğan, Ergün; 43080This study examines the long-run and short-run relationship between industrial production and trade openness in Nigeria during the period from 1986 to 2008 by using quarterly data. It employs the ARDL bounds testing methodology developed by M. Hashem Pesaran, Yongcheol Shin, and Richard J. Smith (2001). The results of both the long-run analysis and the short-run error correction model (ECM) indicate that trade openness has a significant and positive impact on industrial production. The Toda-Yamamoto causality analysis shows that there is one-way Granger causality, running from trade openness to industrial production.Master Thesis Citation Count: Adamu, F. M. (2014). Trade openness and industrial performance in Nigeria: evidence from autoregressive distributed lag (ARDL) models. Usaini, M. (2014). The role of small and medium scale enterprises in Nigerıan economic growth: an empirical analysıs. Yayımlanmamış yüksek lisans tezi. Ankara. Çankaya Üniversitesi Sosyal Bilimler Enstitüsü.Trade openness and industrial performance in Nigeria: evidence from autoregressive distributed lag (ARDL) models(2014) Adamu, Fahad MuhammadThis study seeks to examine the long-run and short-run relationship between industrial production, trade openness, nominal effective exchange rate and inflation gin Nigeria from 1986 to 2008. To accomplish this, the study employed the ARDL bounds test to co-integration proposed by (Pesaran, et-al 2001). In order to determine the time series characteristics of variables used in the regression, the study adopted the approach of Augmented Dickey-Fuller (ADF) and Philips Perron (PP) unit root tests. The results of the both long-run analysis and short-run of error correction model (ECM) indicated that trade openness and inflation rate have a significant positive and negative impact respectively on industrial production. Nominal effective exchange rate has no effect on industrial production. Stability tests were also conducted using CUSUM and CUSUMQ, the parameters of the model lied within its critical bounds of 5 percent significance levels, therefore the results strongly suggested that the residuals are within the boundaries. The study concludes that for Nigeria to achieve persistence industrial performance the country should stabilize the monetary policies relative to inflation and exchange rate.