20.500.12556/RUP-22249 International Trade and Economic Growth in an Oil-Dependent Country: Case of Nigeria Mednarodna trgovina in gospodarska rast v državi, odvisni od nafte: primer Nigerije This paper examines the effect of disaggregated international trade on the economic growth of Nigeria. The data and specified model were analysed with Autoregressive Distributed Lag and Toda-Yamamoto techniques. It was found that both non-oil and oil exports enhance economic growth. However, non-oil and oil imports impede economic growth. Furthermore, overall causality results revealed that while non-oil and oil exports and non-oil imports had bi-directional causality with economic growth, nonoil imports did not have causality with economic growth. Consequently, the government should prioritise export-led policy to facilitate economic performance in Nigeria. Findings emphasised the need for the diversification of the economy for higher economic growth and sustainability inthe long run. The paper enriches the literature on the relationship between international trade and economic growth in Nigeria by adequately disaggregating trade components to reflect the economic structure of the Nigerian economy. Also, it brings new empirical findings on the trade-growth relationship in an oil-dependent developing country. This study can provide a theoretical framework for research in countries that oil dependent. Pričujoči članek preučuje vpliv razčlenjene mednarodne trgovine na gospodarsko rast Nigerije. Podatki in izbrani model so bili analizirani z uporabo metod ARDL (iz angl. Autoregressive Distributed Lag) in Toda-Yamamoto. Ugotovljeno je bilo, da tako izvoz naftnih kot nenaftnih proizvodov spodbuja gospodarsko rast. Medtem pa uvoz naftnih in nenaftnih proizvodov gospodarsko rast zavira. Nadalje so rezultati vzročnosti pokazali, da obstaja obojesmerna vzročnost med izvozom (naftnim in nenaftnim) ter nenaftnim uvozom in gospodarsko rastjo, medtem ko ni bilo ugotovljene vzročnosti med naftnim uvozom in gospodarsko rastjo. Zato bi morala vlada dati prednost izvozno usmerjeni politiki za spodbujanje gospodarske uspešnosti v Nigeriji. Ugotovitve poudarjajo potrebo po diverzifikaciji gospodarstva za doseganje višje gospodarske rasti in dolgoročne trajnosti. Članek bogati literaturo o povezavi med mednarodno trgovino in gospodarsko rastjo v Nigeriji z ustrezno razčlenitvijo trgovinskih komponent, ki odražajo gospodarsko strukturo nigerijskega gospodarstva. Poleg tega prinaša nova empirična spoznanja o povezavi med trgovino in rastjo v državi v razvoju, ki je odvisna od nafte. international trade economic performance trade policy developing economies ARDL Toda-Yamamoto mednarodna trgovina gospodarska uspešnost trgovinska politika države v razvoju ARDL Toda-Yamamotoo true false false Angleški jezik Slovenski jezik Članek v reviji 2025-12-18 13:11:57 2025-12-18 13:11:58 2025-12-23 03:05:13 0000-00-00 00:00:00 2025 0 0 no. 2 Vol. 23 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2025-06-30 1854-6935 https://doi.org/10.26493/1854-6935.23.147-174 https://ojs.upr.si/index.php/fm/article/download/181/84 1 0e69936e-dc0b-11f0-8f0b-005056ac49c0 https://repozitorij.upr.si/Dokument.php?lang=slv&id=32312 MGT_Adekunle_Oludayo_2025.pdf MGT_Adekunle_Oludayo_2025.pdf 1 DC9071FCFB84EE5C7EE8FDE683C631DA 05f3c535d352b08ec5d6847c5bf16d0858423e6dcc7f290167b46d4b53dc0856 4b3fd5ba-dc0b-11f0-8f0b-005056ac49c0 https://repozitorij.upr.si/Dokument.php?lang=slv&id=32313 Založba Univerze na Primorskem 0 0 0