The paper examined the effects of capital inflow on economic growth and also investigated the role of trade openness in foreign capital inflow/growth nexus in Nigeria. This is with a view to testing the modernization hypothesis in Nigeria. The paper adopted the Principal Component Analysis (PCA)...

This study investigated the relative effectiveness of trade and policy shocks on sectoral output growth in a small open Nigerian economy. It is a country-specific, time-series study that verifies whether there is a difference in the effect of sectoral output response to policy shocks in Nigeria....

The study specifically investigated the causality between the openness variable and economic growth, using data from the Nigerian economy. Previous studies in Nigeria have interpreted the regression results of output variables on the export trade variable as providing support for trade...