3.

0 Research Methodology

This section deals with identification of variables, specification of suitable model, method and
techniques of estimation, method of data analysis and sources of data under study.

3.1 Research design

The study will also utilize annual time series data spanning from 2013-2022 to evaluate the
relationship between International trade and Economic growth in Nigeria.

3.2 Sources of Data Collection

This research will employed annual time series data on the variable under consideration to cover
a total period of 10 years (2013-2022) in the estimation of functions. These data will be sourced
from the Central Bank of Nigeria (CBN) statistical Bulletin annual report, and statement of
Account; and the National Bureau of Statistics (NBS).

Unit Root Test:

The unit root test is necessary in this study so as to verify if our time series data is stationary or
non-stationary.

This is because non-stationary time series data will be unreliable in making economic
predictions. This may lead to incorrect and spurious regression results from which further
inferences becomes meaningless using the Dickey fuller (1981) tests (Gujarati et al, 2012).

Literature table
 Author and Year Country and Scope Methodology Major find

S/N

Variable Estimation method

A delibera
internal c
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al 2020 2010) Import, Export, Complexity Index, trade and
Inequality Product space and the innovatio
Product Gini Index
2 Jude Nigeria (1981-2017) Gross Domestic Product, Johansen co-integration The vecto
Chukwunyere Net export , Trade test, Vector Error that while
Iwuoha (2020) Openness, Real correction model positive in
Exchange Rate, Foreign economic
Direct Investment trade ope
rate, inter
direct inv
negative i
economic

23 Stephen Egoro A. Nigeria(1981-2015) Gross Domestic Product, Multiple Regression Internatio

and Obah Daddy Import, Export Econometric with E- significan
Obah (2017) views, the Durbin- economic
Watson statistics it is a cata
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3 Azeez B.A et al Nigeria(2000-2012) Gross Domestic Product, Ordinary Least Square Internatio
(2014) Import, Export, Trade significan
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Adeleye J.O et al Nigeria(1988-2012) Gross Domestic Product, Unit Root Test- Total expo
(2015) Balance of Trade, Augmented Dickey- and signif
4 Import, Export, Balance Fuller Test remain in
of Payment, Error term Internatio
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11 Richard C. Nigeria (1980-2018) Ordinary Least Square, Human Development Trade pol
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value Statistical Criteria, economic
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Trade openness Error Correction policy reg
Mechanism trade ope
exchange
economic

14 Omoke P.C (2010) Nigeria(1970-2005) Financial development, Augmented Dickey- Growth le

Trade openness, Fuller test, Phillip- be pursue
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15 Julius Edekin A. 42 developing International trade, Ordinary Least Square The findin
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Olufemi(2012) 2014) Development, Exchange relationsh
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positive a
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16 Saibu Muibi Nigeria(1970-2000) Export, Import, Augmented Dickey- Trade gro

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Causality Test. nexus exis
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17 Redmond T. and 30 countries (1990- Financial development, Unit root test, Monitorin
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