EFFECT OF TRADE OPENNESS AND OUTPUT GROWTH IN NIGERIA: A STUDY OF 2000-2020

Abstract

The study examined the effect of trade openness and output growth in Nigeria from 2000-2020. Methodology adopted was quantitative and descriptive design where the researcher gathered the data necessary for the work through secondary sources. The study was based on trade openness and economic growth in Nigeria from 2000 to 2020. The sampling frame which comprises of the trade openness variables of {import, export and Output Growth} as independent variable while Gross Domestic product and Per Capital Income as dependent variables). For the purpose of this study the method of data collection used is secondary data which was collected from Central bank of Nigeria Statistical Bulletin 2022. The Smart PLS was used to test the relationships among the variables and revealed that there is significant effect between imports and gross domestic product in Nigeria. The mean of each variable reflected that Output Growth (OPG) was 4.6489, Import (IMP) was 7.5944, Export (EXP) was 7.7245. It was acknowledged that significant effect exists between imports and Output Growth in Nigeria. Export and OPG has no significant effect on eco-nomic growth in Nigeria with 2000 and 2020.