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Economic Globalization, Income Inequality and Economic Growth in Nigeria: A Static Data Analysis (1986-2010)

ABC Journal of Advanced Research

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Title Economic Globalization, Income Inequality and Economic Growth in Nigeria: A Static Data Analysis (1986-2010)
 
Creator Ogunyomi, Oluwatosin O.
Daisi, Olusegun Richard
Oluwashikemi, Rasaq Adebola
 
Subject Economic Globalization, Financial Globalization, Trade Globalization, Economic Growth and Income Inequality
 
Description This study examines the impact of economic globalization on income inequality and economic growth in Nigeria from 1986 to 2010. The study methodology was mainly Static Linear Econometric Model. Two models were used to test the two dependent variables simultaneously. The findings revealed that economic globalization had caused a widening income inequality as well as reduced economic growth of Nigerian economy due to much emphasis on financial globalization and other macroeconomic imbalances rather than trade globalization. It is therefore recommended that for Nigeria economy to exploit the gains of economic globalization just like the Asian Tigers, the Government should demonstrate good governance at all tiers of government through protectionist domestic policy, fiscal efficiency, political stability, adequate infrastructural provisions and encourages entrepreneurship development in Non-oil sectors to drastically reduce income equality between the unskilled and skilled labours. 
 
Publisher i-Proclaim
 
Contributor
 
Date 2013-12-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://i-proclaim.my/archive/index.php/abcjar/article/view/179
 
Source ABC Journal of Advanced Research; Vol 2, No 2 (2013): 4th Issue; 130-143
2312-203X
2304-2621
 
Language eng
 
Relation http://i-proclaim.my/archive/index.php/abcjar/article/view/179/181
 
Rights Copyright (c) 2016 Oluwatosin O. Ogunyomi, Olusegun Richard Daisi, Rasaq Adebola Oluwashikemi
http://creativecommons.org/licenses/by-nc/4.0