GLOBALIZATION AND ITS IMPACT ON ECONOMIC GROWTH OF THE NIGERIAN ECONOMY (1986 – 20
TABLE OF CONTENTS
Table of contents
1.1. Background of the study
1.2. Statement of the study
1.3. Objectives of the study
1.4. Statement of hypotheses
1.5. Significance of the study
1.6. Scope and limitations of the study
2.1. Globalization as a concept
2.1.2. Strands of thought of Globalization.
2.1.3. Forces of Globalization.
2.1.4. Globalization in the context of finance and capital flows and Foreign Direct Investment.
2.1.5. Challenges of globalization for Nigeria.
2.2 Empirical Literature
2.3. Limitations of the previous study
3.1. Model specification
3.2 Methods of evaluation.
3.2.1. Statistical Tests (First order tests)
3.2.2 Econometric Tests (Second order tests)
3.2.3. Economic Apriori Criteria.
3.3. Data required and source/ Software package.
PRESENTATION AND ANALYSIS OF RESULT
4.1. Presentation of regression result
4.2. Result interpretation
4.2.1. Evaluation based on Economic Criteria
4.2.2. Statistical test (First order test)
4.2.3. Econometric test (Second order test)
SUMMARY, POLICY RECOMMENDATION AND CONCLUSION
5.2. Policy Recommendation
This research work Globalization and its impact on the growth of the Nigerian economy from periods of 1986 to 2008 is basically to determine the impact of globalization on the Gross Domestic Product of the Nigerian economy as well the impact of financial integration on the Nigerian economy. It was found out in recent years that the Nigerian economy has developed economically wise due to globalization. Globalization being a process of interconnections between countries of the world has turned out to have a positive effect on the Nigerian economy most especially in the telecommunication and industrial sectors of the Nigerian economy.
This work shows the impact and those variables responsible for the impact. From evaluation and analysis of result, this work shows that only Foreign Direct Investment proved to have a positive impact on the Nigerian economy through globalization and hence it should be given lots of concern. Other variables used alongside Foreign Direct Investment, in judging this impact were Real Interest rate, Openness and Real Exchange Rate.
Also necessary recommendations were made at the concluding part of this work (chapter five) to help boost the economic growth and development of Nigeria based on the indices used if properly applied and implemented.
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