This paper empirically integrates the interplay between import substitution\nand export promote on the Nigerian economy in conjunction with the theoretical\nposition of the protectionist and the free trade activist and how this has\nhelped in promoting the Nigerian economy over the years. A disaggregate\nanalysis of importation and exportation is conducted using a time series data between\nthe periods 1981 to 2016. Series of econometric estimation tools were\nadopted in this study. Findings reveal that Non-oil export and Non-oil import\nseems to significantly promote economic integration in Nigeria. This report\nfurther gave in a support to trade protectionist and the trade liberalize advocates.\nThe result of the causality test shows that before any nation could attract\nforeign inflows, the economy must be in good form as foreign investor only\ninvests in an economy whose receiving capacity can sustain their investment.\nThe study therefore concludes that before any nation could embrace liberalization,\nthere must have been a level of threshold of industrial development in\nsuch nation.
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