ABSTRACT
This study looks at the impact of tariff on the
economic growth of Nigeria. It examines the extent to which tariff has brought about
economic growth in Nigeria between the period of 1980-2010. Tariff which is a
form of tax or trade restriction levied on imported goods, in order to
encourage the infant industries from international competitions, this can boost
economic growth. The ordinary least square method of regression was used to
analysis the relationship between tariff and economic growth. the T-test was
used to determine the individual parameter estimate. The F-test was used to
determine significance of the entire regression. Econometric analysis also was
used to determine the impact of the tariff and other variables like real gross
domestic product as a proxy to economic growth, export, exchange rate and trade
openness on economic growth in Nigeria. The findings from the regression result
show that tariff has a positive statistical significant impact on economic
growth in Nigeria. In conclusion, tariff including the other variables all work
together to stimulate economic growth. It was recommended that policy on trade
should be made to improve tariff imposition in Nigeria.
CHAPTER ONE
INTRODUCTION
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1.1
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BACKGROUND OF THE STUDY.
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Protection in
form of tariff and
free trade have
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long been
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argued
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in
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economic
theory and economic
history. However , it is possible
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to
say
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that
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||
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the
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precise relationship between trade barriers
in form
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of
tariff or free
trade
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in the
long run economic
growth remains a
difficult theoretical issue
that is
being
explored in a variety of ways.
Simithian and
Ricardian conclusion reinforced
by the Hercscher-ohlin theorem
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recommend free trade
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as
the best
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commercial partners. This doctrine
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that
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is
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|||||||||
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focused on improvement
in the level
of income is
based on
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static
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framework that may limit the interpretation of the long
run effect.
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Relationship
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between
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economic
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growth
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and tariffs
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depends
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mostly
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on the
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||||||
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characteristics
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of
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a
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country. Tariff can
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benefit
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a
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country
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depending
on
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||||||
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whether
it is
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developed or
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developing
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or
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developed
(a developed
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one
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seems
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|||||||
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to lose)
either big or
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small
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country
and
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whether
it
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has
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comparative
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advantage
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in sector
receiving protection. Tariffs
are imposed on
imported goods and
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are
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||||||||||||
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used to
refer
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to
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schedule
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of duties applicable to a
list of commodities
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as
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the
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commodities imported or exported. These taxes could be
assessed either as a percentage of volume of the commodity concerned (ad
valorem), or on the...
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