International records / OpenAlex research

International Trade Agreements and Financial System Development in Nigeria

This study examines the short-run and long-run determinants of CAR using the Autoregressive Distributed Lag (ARDL) modelling approach, employing annual data from 2000 to 2024. The mixed order of integration among the variables, confirmed through unit root tests, justified the use of the ARDL framework. The ARDL bounds test produced an F-statistic of 22.078, surpassing the upper bound critical value at the 1% level, thereby confirming the existence of a long-run cointegrating relationship between CAR, TROR, ATR, TVC, and TRB. The short-run results revealed that TROR had a significant negative c…