David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
In as much as trade fosters economic development, it also exacerbates poverty, especially in the sub Saharan African (SSA) countries. Against this backdrop, this study will increase our understanding of the estimation of non-oil commodity trade flows between Nigeria and the U.S. More specifically, the study aims to analysing the impact of African Growth Opportunity Act (AGOA) on the U.S. imports of non-oil products from Nigeria. The research objectives are woven around the following questions:- What is the nature of Nigeria's and U.S.'s foreign trade policies with particular reference to non-oil trade?- What are the patterns, magnitude, composition and trends in Nigeria-US non-oil trade?- Which economic sectors possess greatest potential for fostering trade in the non-oil sector between Nigeria and the U.S.?- What is the impact of AGOA on the diversification and growth of non-oil exports in Nigeria?This study adopts the difference-in-differences (DiD) as the research methodology. Within the Nigerian context, DiD intuitively compares the trends in imports of AGOA non-oil products before and after AGOA with the pattern of imports of non-AGOA non-oil products before and after AGOA, controlling for the timing of AGOA, import capacity and economic performance of both U.S. and Nigeria.Using the World Trade Organisation (WTO) Integrated Data Base (IDB), the empirical analysis reveals that AGOA non-oil products increased by as much as 182 per cent with the implementation of AGOA, while the non-AGOA non-oil products fell by 76 per cent. Conclusively, AGOA has had a considerably positive impact on the Nigerian non-oil sector at the general level. The policy implication of the empirical analysis is the need for the U.S. to expand the product coverage and opportunities of AGOA non-oil products in order for AGOA to achieve its objectives of using trade as a potent tool for promoting economic growth in SSA.
|Keywords||No keywords specified (fix it)|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Patrick De Pelsmacker & Wim Janssens (2007). A Model for Fair Trade Buying Behaviour: The Role of Perceived Quantity and Quality of Information and of Product-Specific Attitudes. Journal of Business Ethics 75 (4):361 - 380.
Macleans A. Geo-Jala & Garth L. Mangum (2000). The Foreign Corrupt Practices Act's Consquences for U.S. Trade: The Nigerian Example. [REVIEW] Journal of Business Ethics 24 (3):245 - 255.
Sam Okoro, Flexibility in the Commons: Entrenching the Lessons From Kyoto in International Economic Law: A Case Study of Cdm in the Energy Sector.
Stephen Person (2012). Saving Animals From Oil Spills. Bearport Pub..
Uwafiokun Idemudia (2009). Oil Extraction and Poverty Reduction in the Niger Delta: A Critical Examination of Partnership Initiatives. [REVIEW] Journal of Business Ethics 90 (1):91 - 116.
Gabriel Eweje (2009). Labour Relations and Ethical Dilemmas of Extractive MNEs in Nigeria, South Africa and Zambia: 1950-2000. [REVIEW] Journal of Business Ethics 86 (2):207 - 223.
Bedford A. Fubara (1986). Targeting Strategy for Technological Acquisition in the Sub-Saharan Oil Exporting States of Africa: The Nigerian Experience. [REVIEW] Journal of Business Ethics 5 (5):351 - 363.
Gabriel Eweje (2006). Environmental Costs and Responsibilities Resulting From Oil Exploitation in Developing Countries: The Case of the Niger Delta of Nigeria. [REVIEW] Journal of Business Ethics 69 (1):27 - 56.
Added to index2009-01-28
Total downloads15 ( #114,157 of 1,101,815 )
Recent downloads (6 months)2 ( #191,891 of 1,101,815 )
How can I increase my downloads?