Competition, trade openness and economic growth: time series evidence from Nigeria
by Umar Muhammad Bello; Theresa Onaji-Benson
International Journal of Competitiveness (IJC), Vol. 1, No. 4, 2019

Abstract: This paper investigates the relationship among competition, trade and economic growth in Nigeria over the period 1981 to 2015, using quarterly dataset, while controlling for financial development and institutions. Johansen's cointegration approach and vector error correction model (VECM) served as the methods of analyses. The results indicate that, in the absence of strong institutions, trade openness is more beneficial to growth than competition. While in the presence of strong institutions, competition is more beneficial to economic growth than trade openness. This suggests that within the Nigerian context competition and trade openness are substitutes for promoting economic growth.

Online publication date: Tue, 08-Oct-2019

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