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Implications of Free Trade Area For Poverty, Household Welfare And Economic Development In Nigeria
ISSN: 2706 - 9346
Publisher: author
Implications of Free Trade Area For Poverty, Household Welfare And Economic Development In Nigeria
Indexed in
Social Sciences
ARTICLE-FACTOR
1.3
Article Basics Score: 2
Article Transparency Score: 3
Article Operation Score: 2
Article Articles Score: 2
Article Accessibility Score: 3
SUBMIT PAPER ASK QUESTION
International Category Code (ICC):
ICC-0202
Publisher: International Journal Of Social Sciences And Economic Revi..
International Journal Address (IAA):
IAA.ZONE/2706111889346
eISSN
:
2706 - 9346
VALID
ISSN Validator
Abstract
Purpose of the study: The study aims to investigate the implications of free trade areas for poverty, household welfare and economic development in Nigeria. Methodology: This study employed a fully modified least squares (FMOLS) regression technique. The income per capita and unemployment out of many macroeconomics indexes were employed in this study to measure welfare and poverty implications of free trade area respectively. To enable the study, determine the policy and decision-making implications of the free trade area on Nigeria economy, historical data were drawn from the central bank statistical bulletin for 27 years. Main findings: The estimated results revealed that the income per capita (welfare) model demonstrated a fair view of free trade scenarios as indicated by the explanatory variables; export contributions to gross domestic product and foreign direct investment contributed positively to the welfare of the individual. B...
