Home
World Journal of Advanced Research and Reviews
International Journal with High Impact Factor for fast publication of Research and Review articles

Main navigation

  • Home
    • Journal Information
    • Editorial Board Members
    • Reviewer Panel
    • Abstracting and Indexing
    • Journal Policies
    • Our CrossMark Policy
    • Publication Ethics
    • Issue in Progress
    • Current Issue
    • Past Issues
    • Instructions for Authors
    • Article processing fee
    • Track Manuscript Status
    • Get Publication Certificate
    • Join Editorial Board
    • Join Reviewer Panel
  • Contact us
  • Downloads

eISSN: 2581-9615 || CODEN: WJARAI || Impact Factor 8.2 ||  CrossRef DOI

Research and review articles are invited for publication in March 2026 (Volume 29, Issue 3) Submit manuscript

Interative effects of trade openness and foreign direct investment on economic growth in Nigeria

Breadcrumb

  • Home
  • Interative effects of trade openness and foreign direct investment on economic growth in Nigeria

Oriaku Christiana Eberechukwu, Iduma Modesta Chinyere and Egede Dickon Ihenchukwukwu *

Department of Economics, Enugu State University of Science and Technology, Nigeria.
 
Research Article
World Journal of Advanced Research and Reviews, 2024, 21(02), 633-646
Article DOI: 10.30574/wjarr.2024.21.2.0338
DOI url: https://doi.org/10.30574/wjarr.2024.21.2.0338
 
Received on 15 December 2023; revised on 29 January 2024; accepted on 01 February 2024
 
The study examined the interactive effects of trade openness and foreign direct investment on economic growth in Nigeria over the period of 1982 to 2021. Specifically, the study sought to: determine the effects of trade openness on the economic growth in Nigeria and ascertain the effects of foreign direct investment on the economic growth in Nigeria. These variables consist of real gross domestic product (RGDP), Foreign Direct Investment (FDI), trade openness (TRAOPEN), inflation rate (INFLA), exchange rate (EXR) and trade tariff (TRADE). The variables used in the model were foreign direct investment (FDI), trade openness (TRAOPEN), and trade tariff (TRADE). The methods of data analysis was Autoregressive distributive lag Model. The following findings were stipulated; trade openness (TRAOPEN) has positive and significant impact on real gross domestic product (RGDP) its probability value of 0.0001 was less than 0.05 but it was positive and significant impact on real gross domestic product (RGDP) its probability value of 0.0027 was less than 0.05 in long run; foreign direct investment (FDI) has positive and significant impact on real gross domestic product (RGDP) its probability value of 0.0001 was less than 0.05 but it was positive and significant impact on real gross domestic product (RGDP) its probability value of 0.0027 was less than 0.05 in long run. The study recommends that policymakers of Nigeria government should consistently formulate and implement policies that would increase their annual inflows of FDI and their degree of trade openness.
 
Trade openness: Foreign Direct Investment: Economics growth
 
https://wjarr.com/sites/default/files/fulltext_pdf/WJARR-2024-0338.pdf

Preview Article PDF

Oriaku Christiana Eberechukwu, Iduma Modesta Chinyere and Egede Dickon Ihenchukwukwu. Interative effects of trade openness and foreign direct investment on economic growth in Nigeria. World Journal of Advanced Research and Reviews, 2024, 21(2), 633-646 . Article DOI: https://doi.org/10.30574/wjarr.2024.21.2.0338

Copyright © Author(s). All rights reserved. This article is published under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, sharing, adaptation, distribution, and reproduction in any medium or format, as long as appropriate credit is given to the original author(s) and source, a link to the license is provided, and any changes made are indicated.

All statements, opinions, and data contained in this publication are solely those of the individual author(s) and contributor(s). The journal, editors, reviewers, and publisher disclaim any responsibility or liability for the content, including accuracy, completeness, or any consequences arising from its use.

Get Certificates

Get Publication Certificate

Download LoA

Check Corssref DOI details

Issue details

Issue Cover Page

Editorial Board

Table of content

Copyright © 2026 World Journal of Advanced Research and Reviews - All rights reserved

Developed & Designed by VS Infosolution