TRADE OPENESS AND OUTPUT GROWTH IN NIGERIA: AN ECONOMETRIC ANALYSIS (1970-2007)

TABLE OF CONTENTS
Title page                                                                                         
Approval page                                                                                         
Dedication                                                                                        
Acknowledgement                                                                            
Abstract                                                                                           
Table of contents                                                                             
List of tables and figures                                                                     
CHAPTER ONE: INTRODUCTION
1.1     Background of study                                                              
1.1.2  Trade openness and output growth                               
Historical Experience of the Nigeria economy              

    1. Statement of the research problem                                 
    2. Objectives of the study                                                  
    3. Statement of the research hypothesis                             
    4. Justification of the study                                                
    5. Significance of the study                                               
    6. Scope and limitation of the study                                   

CHAPTER TWO: LITERATURE REVIEW

    1. Theoretical literature                                                      

2.1.2 Theory of customs union and free trade areas                        
2.1.3Models of export-led growth                                           

    1. Empirical literature                                                        
    2. Limitation of previous studies                                         

CHAPTER THREE: METHODOLOGY 

    1. Analytical framework                                                     
    2. Model specification                                                       

        3.2.1 Test of stationarity                                                         
3.2.2 Test of co integration                                                                
3.2.3 Error correction model                                                    
3.3     Justification of the model                                                           
3.4     Estimation techniques                                                            
3.5     Evaluation Procedure                                                             
3.5.1 Economic test (a priori expectation)                               
3.5.2 Statistical (first order) test                                                        
3.5.3 Econometric (second order) test                                               
3.6     Sources of data and software for estimation                                
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS

    1. Introduction                                                                  
    2. Presentations of regression results                                 

4.2.1Test of stationarity                                                                  
4.2.2 Test of co integration                                                                
4.2.3 The Error correction model (ECM)                                 

    1. Interpretation and Evaluation of result                              

4.3.1Evaluation based on economic criteria                                     
4.3.2Evaluation based on statistical criteria                                     
4.3.3 Evaluation based on econometric criteria                      

    1. Evaluation of the working Hypotheses                             

CHAPTER FIVE: SUMMARY, POLICY PRESCRIPTION
AND CONCLUSION 

    1. Summary                                                                     
    2. Policy Recommendations                                              

APENDIX                                                                     I       
APENDIX                                                                     II
APENDIX                                                                     III (A)
APENDIX                                                                     III (B)
APENDIX                                                                     III(C)
APENDIX                                                                     III (D)
APENDIX                                                                     III (E)
APENDIX                                                                     III (F)
APENDIX                                                                       IV
APENDIX                                                                       V
APENDIX                                                                      VI    
APENDIX                                                                      VII
APENDIX                                                                      VIII 
APENDIX                                                                       IX
APENDIX                                                                       X
APENDIX                                                                       XI
APENDIX                                                                       XII

LIST OF TABLES AND FIGURES
Figure 1:     Growth Rate of Real GDP
Figure 2: Trend of Real GDP
Figure 3: Growth of Export and Import
Figure 4: The Degree of Openness
Table 1: Openness Indicators
Table 2: A Priori Expectation
Table 3: Results of Model 1
Table 4: Results of Model 2
Table 5: Results of Stationarity test
Table 6: Results of Co integration test
Table 7: Results of the Error Correction Model
Figure 5: Non- Monotonic Relationship between TPN and  RGDP
Table 8: Summary of the T-Test
Table 9: Pair-Wise Correlation Matrix

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