International records / OpenAlex research

Effect of Globalization on Economic Growth in Nigeria

This study explores the impact of globalization on economic growth in Nigeria from 1981 to 2021. The study employs various econometric techniques to analyze the data, including unit root tests, cointegration bound tests, and error correction modeling. The unit root tests reveal that certain key variables, such as the degree of openness (DOP), exchange rate (EXCR), interest rate (INTR), and foreign direct investment (LNFDI), exhibit stationarity at the first difference level (I(1)), while inflation rate (INF) and real GDP growth rate (RGDPGR) remain stationary at the level (I(0)). This mixed st…