ANAYLSIS OF THE IMPACT OF TARIFFS ON ECONOMIC GROWTH IN NGERIA (1980-2010)

ABSTRACT
This study looks at the impact of tariff on the economic growth of Nigeria. It examines the extent to which tariff has brought about economic growth in Nigeria between the period of 1980-2010. Tariff which is a form of tax or trade restriction levied on imported goods, in order to encourage the infant industries from international competitions, this can boost economic growth. The ordinary least square method of regression was used to analysis the relationship between tariff and economic growth. the T-test was used to determine the individual parameter estimate. The F-test was used to determine significance of the entire regression. Econometric analysis also was used to determine the impact of the tariff and other variables like real gross domestic product as a proxy to economic growth, export, exchange rate and trade openness on economic growth in Nigeria. The findings from the regression result show that tariff has a positive statistical significant impact on economic growth in Nigeria. In conclusion, tariff including the other variables all work together to stimulate economic growth. It was recommended that policy on trade should be made to improve tariff imposition in Nigeria.

CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY.



Protection  in  form  of tariff  and  free  trade  have
long  been
argued
in
economic  theory  and  economic  history. However , it  is  possible
to  say
that
the
precise  relationship  between trade  barriers  in  form
of  tariff  or  free  trade

in  the  long  run  economic  growth  remains  a  difficult  theoretical  issue  that  is

being explored in a variety of ways.

Simithian  and  Ricardian  conclusion  reinforced  by the Hercscher-ohlin  theorem

recommend free trade
as  the  best
commercial  partners. This doctrine
that
is
focused  on  improvement  in  the  level  of  income  is  based  on
static
framework that may limit the interpretation of the long run effect.



Relationship
between
economic
growth
and  tariffs
depends
mostly
on the
characteristics
of
a
country. Tariff  can
benefit
a
country
depending on
whether it  is
developed  or
developing
or
developed (a developed
one
seems
to lose) either big or
small
country and
whether it
has
comparative
advantage
in  sector  receiving protection. Tariffs  are  imposed  on  imported  goods  and
are
used  to  refer
to
schedule
of duties applicable to a list of  commodities
as
the















commodities imported or exported. These taxes could be assessed either as a percentage of volume of the commodity concerned (ad valorem), or on the.....

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Item Type: Project Material  |  Attribute: 57 pages  |  Chapters: 1-5
Format: MS Word  |  Price: N3,000  |  Delivery: Within 30Mins.
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