GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY
The study examined the impact of globalization on poverty rate with evidence from middle-income country. It focused on Nigeria for the period spanning 1981 to 2018. The study employed the ARDL estimation technique, and the results showed that globalization had negative and significant impact on pov...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2021-05-01
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| Series: | Economic Review |
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| Online Access: | http://er.ef.untz.ba/index.php/er/article/view/49 |
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| author | Philip Ifeakachukwu Nwosa Temitope Adebisi Adeoye |
| author_facet | Philip Ifeakachukwu Nwosa Temitope Adebisi Adeoye |
| author_sort | Philip Ifeakachukwu Nwosa |
| collection | DOAJ |
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The study examined the impact of globalization on poverty rate with evidence from middle-income country. It focused on Nigeria for the period spanning 1981 to 2018. The study employed the ARDL estimation technique, and the results showed that globalization had negative and significant impact on poverty rate in Nigeria. Therefore, the conclusion was made that globalization had contributed significantly in reducing poverty rate in Nigeria. The study recommended the need for the government to maintain strong economic and political global ties with the rest of the world. This would encourage more foreign investors and business opportunities in the country which would aid reduction of poverty rate in Nigeria. More so, there is the need to ensure that the dividend of economic growth from globalization is properly shared among the poor, as this would reduce the number of the poor people below the poverty line.
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| format | Article |
| id | doaj-art-3941fd8a4df94fb8ba4d160460f2989b |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2021-05-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-3941fd8a4df94fb8ba4d160460f2989b2025-02-10T00:30:51ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2021-05-01191GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRYPhilip Ifeakachukwu Nwosa0Temitope Adebisi Adeoye1Department of Economics, Faculty of Social Sciences, Federal University Oye-Ekiti, NigeriaDepartment of Economics, Faculty of Social Sciences, Federal University Oye-Ekiti, Nigeria The study examined the impact of globalization on poverty rate with evidence from middle-income country. It focused on Nigeria for the period spanning 1981 to 2018. The study employed the ARDL estimation technique, and the results showed that globalization had negative and significant impact on poverty rate in Nigeria. Therefore, the conclusion was made that globalization had contributed significantly in reducing poverty rate in Nigeria. The study recommended the need for the government to maintain strong economic and political global ties with the rest of the world. This would encourage more foreign investors and business opportunities in the country which would aid reduction of poverty rate in Nigeria. More so, there is the need to ensure that the dividend of economic growth from globalization is properly shared among the poor, as this would reduce the number of the poor people below the poverty line. http://er.ef.untz.ba/index.php/er/article/view/49globalizationpovertyARDL |
| spellingShingle | Philip Ifeakachukwu Nwosa Temitope Adebisi Adeoye GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY Economic Review globalization poverty ARDL |
| title | GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY |
| title_full | GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY |
| title_fullStr | GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY |
| title_full_unstemmed | GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY |
| title_short | GLOBALIZATION AND POVERTY: EVIDENCE FOR LOWER-MIDDLE INCOME COUNTRY |
| title_sort | globalization and poverty evidence for lower middle income country |
| topic | globalization poverty ARDL |
| url | http://er.ef.untz.ba/index.php/er/article/view/49 |
| work_keys_str_mv | AT philipifeakachukwunwosa globalizationandpovertyevidenceforlowermiddleincomecountry AT temitopeadebisiadeoye globalizationandpovertyevidenceforlowermiddleincomecountry |