Abstract
This study evaluated global financialisation, trade facilitation and international flows. The study specifically examined the effect of tariffs imposed on export and import, information and communications technology (ICT) development and usage in business, documents to import and documents to export (Numbers) and labour force in the economy on the net national income of Nigeria. Data collected were analysed using the ARDL model. The result of the analysis shows that the tariff imposed on export and import is negative and insignificantly impacted the net national income of Nigeria. It was also observed that ICT development and usage in business has a positive and insignificant effect on the cash flow rate in Nigeria. The study further shows a positive but insignificant impact of documents to import and documents to export (Numbers) on the net national income of Nigeria. It was also observed that the labour force in an economy has a positive but insignificant effect on the net national income of Nigeria. The study clarifies that trade flow is continuously increasing in Asian countries. It benefits all those countries that are actively performing well in international trade. It helps them with economic development and rising living standards. But some trade facilitation determinants need to be improved for a better advantage. Improvement in these determinants will result in an increase in trade volume with faster and cheaper trade flow.
Highlights
In the most recent couple of years, the international exchange stood out enough to be noticed by created and non-industrial nations as a necessary procedure for the fast financial turn of events and boosting organisations on the nearby and international level
A series of tests were conducted to establish the effect of global financialisation and trade facilitation on international flows in Nigeria
In international trade, time and expenses have a greater impact on trade flow
Summary
In the most recent couple of years, the international exchange stood out enough to be noticed by created and non-industrial nations as a necessary procedure for the fast financial turn of events and boosting organisations on the nearby and international level. As Asia's exchange share is integrated for the elevated planet, Asian countries accept the most outstanding share of international trade. It has been steadily increasing since mid-1970, when it was less than 5%; later in 2008, it was included in a 22 per cent offer in the international exchange share (Ali and Dadush,[ 2]). This fast growth in overall trade supported money-related products. Trading countries benefit from a seamless and transparent trade system, increasing overall trade.
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