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ECONOMIC GROWTH AND GLOBALIZATION IN NIGERIA: A CAUSALITY ANALYSIS
ABSTRACT
The Neoclassical proposition of improving the economic growth especially of growing economies has widely been refuted by most studies due to the latter’s inability to utilize the opportunities of increased international trade. The study deviated from the common norm of studying the impact of globalization on economic growth to examining at the causality relationship between economic growth and globalization in Nigeria. Result of the study showed that the null hypothesis of globalization not granger causing economic growth should be accepted at 5% level. This in a way still confirms the negligent effect of globalization in the Nigerian economy and therefore calls for all necessary policy efforts at positioning the economy in a form that can make her maximize the advantages of globalization.
Key words: Economic growth, Nigerian export and import,Granger causality