Globalisation, Economic Growth and Income Inequality in Nigeria
Bibliographic Data
| ID | 14955105 |
|---|---|
| Authors | NWOSA Philip Ifeakachukwu (Federal University Oye Ekiti, corresponding author) |
| Year | 2020 |
| Volume | 14 |
| Issue | 2 |
| Pages | 202-212 |
| Publication date | 2020-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Indian Journal of Human Development (JOURNAL) |
| Journal identifiers | ISSN: 0973-7030 • E-ISSN: 2456-480X |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/0973703020948484 |
| OpenAlex | W3082988740 |
| Language | EN |
| Citations received | 1 |
| References cited | 16 |
This article examines the link between globalisation, economic growth and income inequality in Nigeria using annual secondary data over the period 1981–2018. Specifically, it attempts to examine the following questions: (a) What is the direction of causation among globalisation, economic growth and inequality? (b) What is the impact of globalisation and economic growth on inequality? (iii) Do trade globalisation and financial globalisation have differential impacts on inequality in Nigeria? The article used both vector error correction modelling (VECM) and auto-regressive distributed lag (ARDL) techniques. The VECM results show a unidirectional causality from inequality and globalisation to economic growth in the long run, whereas a unidirectional causation was observed from inequality to economic growth in the short run. The ARDL estimate shows that globalisation and economic growth are significant determinants of inequality in Nigeria. Furthermore, it is observed that trade and financial globalisation influenced income inequality differently. In the light of these findings, the article recommends that the foreign direct investment should be channelled towards empowering the poor, and the dividends of economic growth should be evenly distributed to reduce the income inequality gap
Development economics · Econometrics · Economic globalization · Economic inequality · Economics · Globalization · Granger causality · Income distribution · Income inequality metrics · Inequality · Macroeconomics · Market economy · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Sustainable Development and Environmental Policy
Bounds testing approaches to the analysis of level relationships
Income distribution, political instability, and investment
Inequality and Economic Growth
Human Capital, Economic Growth, and Regional Inequality in China
Globalization and its discontents
Foreign Direct Investment and Income Inequality in Mexico, 1990–2000
Economic Openness, Democracy, and Income Inequality
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |