DETERMINANTS OF IMPORT IN NIGERIAN

DETERMINANTS OF IMPORT IN NIGERIAN

Table of Contents

CHAPTER ONE. 3

1.0  INTRODUCTION.. 3

1.1 BACKGROUND TO THE STUDY. 3

1.2 STATEMENT OF THE PROBLEM… 7

1.3 OBJECTIVES OF THE STUDY. 7

1.4 RESEARCH QUESTION.. 8

1.5 STUDY HYPOTHESES. 8

1.6 SIGNIFICANCE OF THE STUDY. 8

1.7 ORGANISATION OF THE STUDY. 9

CHAPTER TWO.. 10

2.0. LITERATURE REVIEW… 10

2.1. CONCEPTUAL ISSUE. 10

2.2.1. THE GROWTH OF IMPORTS IN NIGERIA.. 12

2.2.2. TRADE POLICY TRENDS AND OBJECTIVES. 13

2.2.3. SAP AND TRADE PERFORMANCE. 14

2.2.4. TREND IN IMPORT CONTROL MEASURES. 15

2.2.5. STYLIZED FACTS ON TRADE POLICIES, OIL PRICES AND IMPORT. 18

2.2.6. IMPORT DEMAND THEORIES AND MODEL. 19

2.2.7. SAVING, INVESTMENT, AND THE BALANCE OF TRADE: 23

2.2.8. MORE DEBATES ON THEORIES OF IMPORT DEMAND.. 24

2.2.9. Demand and the Demand Curve. 25

2.3.0. Gross domestic product: 26

2.3.1. Exchange Rate Systems: 30

2.3.2. Consumer Price Index (CPI): 34

2.4 EMPIRICAL LITERATURE. 36

CHAPTER THREE. 40

3.0 METHODOLOGY. 40

3.1 INTRODUCTION.. 40

3.2 Model Specification. 40

3.3 METHOD OF EVALUATION.. 41

3.3.1 ECONOMIC CRITERIA: 41

3.3.2 STATISTICAL CRITERIA: 41

3.3.3 ECONOMETRIC CRITERIA: 42

3.4 JUSTIFICATION OF THE MODEL: 42

3.5 DATA REQUIRED AND SOURCES. 42

3.6 ECONOMETRIC SOFTWARE: 43

DETERMINANTS OF IMPORT IN NIGERIAN