Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
Can Globalisation Induce Economic Growth In Less Developed Economies? Evidence from Nigeria Small Open Economy
by Aremo Adeleke Gabriel and Aiyegbusi Oluwole Oladipo

Abstract:
Effects of globalisation on economic growth in Nigeria were examined. The study methododology was mainly Error Correction Mechanism. The findings revealed that globalisation has negative impact on economic growth in the long run, but positive in the short run. This suggests that while Nigeria participates in globalisation exercise, caution should be exercised in opening up all its growing sectors to international competition, so as not to permanently stiffen the growth of these sectors in the long run with its accompanied negative impacts on the economy

Keywords: globalisation, economic growth, error correction model, small open economy

Download full paper