IMPACT OF GLOBALISATION ON ECONOMIC GROWTH IN NIGERIA

This study examines the impact of globalization on economic growth in Nigeria between 1980 and 2018 using secondary data. The study uses the ARDL model in the contemporary econometric techniques of unit root test, cointegration and Error Correction mechanism within the framework of the Pesaran et al. (2001). The study reveals that gross fixed capital formation has significant impact on economic growth in Nigeria in the long run while trade openness and foreign direct investment were not having significant impact on economic growth in Nigeria in the long run. This shows that any decision made on the gross fixed capital formation will have a strong causality effect at 10.5% decrease to the economy growth of Nigeria.