IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0092.html
   My bibliography  Save this article

Does Globalization Lead to Increased Poverty in Africa? Empirical Evidence from Nigeria

Author

Listed:
  • Ogbuaku, Henry N.

    (University of Lagos, Economics Department, Faculty of Social Sciences)

  • Adebisi, Ademola

    (University of Lagos, Economics Department, Faculty of Social Sciences)

  • Feridun, Mete

    (Faculty of Economics and Administrative Sciences, Cyprus International University)

Abstract

In the last two decades, with increasing globalization, many developing countries have seen severe financial crises, as well as sharp increases in unemployment and poverty in the short run. this article aims at investigating the empirical relationship between globalization and poverty based on nigerian data spanning the period between 1980 and 2001. Using multiple and log-inverse regressions based on average yearly GDP per capita, trade openness and financial openness, we find evidence that trade openness has a significant adverse impact on poverty, whereas, financial openness has a positive effect. Evidence further suggests that the positive effect of financial openness is not strong enough to offset the negative effect of trade openness. Keywords: globalization, poverty, economic growth.

Suggested Citation

  • Ogbuaku, Henry N. & Adebisi, Ademola & Feridun, Mete, 2006. "Does Globalization Lead to Increased Poverty in Africa? Empirical Evidence from Nigeria," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 59(1), pages 63-82.
    • Handle: RePEc:ris:ecoint:0092
    as

    Download full text from publisher

    File URL: http://www.iei1946.it/RePEc/ccg/OGBUAKU%20ET%20AL%2063_82.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Temilola Osinubi, Tolulope, 2020. "The Role Of Income Inequality In The Globalisation-Poverty Nexus: Empirical Evidence From Mint Countries," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 7(2), pages 67-89, June.

    More about this item

    Keywords

    globalization; poverty; economic growth.;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0092. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angela Procopio (email available below). General contact details of provider: https://edirc.repec.org/data/cacogit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.