1. International Trade and Economic Growth in an Oil-Dependent Country: Case of NigeriaOludayo Adekunle, 2025, izvirni znanstveni članek Opis: 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.
Ključne besede: international trade, economic performance, trade policy, developing economies, ARDL, Toda-Yamamoto
Objavljeno v RUP: 18.12.2025; Ogledov: 115; Prenosov: 0
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2. Can Increased Intra-Continental Trade Partnerships Diversify Export Baskets in Africa?Sibusiswe Mchani, Andrew Phiri, 2025, izvirni znanstveni članek Opis: The study investigates the potential of the African Continental Free Trade Area (AfCFTA) agreement in fostering diversified export baskets through increased intra-continental trade partnerships. It aims to evaluate how these trade partnership influence export diversification within Africa. Using network analysis, it develops three indices to measure the degree, closeness, and prestige of trading partners across 54 African countries from 2000 to 2020. These indices, along with traditional estimators, reveal two key findings. Firstly, the quality of trade partnerships, focusing on ‘who’ a country trades with, holds more significance than quantity. Secondly, there is a geographical imbalance, where the effect of trade partnerships turns negative for countries with higher product diversification. In conclusion, while intra-continental trade diversification shows promise, more advanced African nations may experience diminishing returns, suggesting a need for expanding trade networks beyond the continent for sustained export diversification.
Ključne besede: trade partner diversification, product diversification, AFCFTA agreement
Objavljeno v RUP: 18.12.2025; Ogledov: 131; Prenosov: 0
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8. Ottoman merchants in the Adriatic : trade and smugglingMaria Pia Pedani, 2008, izvirni znanstveni članek Opis: In the 15th century sultans discovered the economic importance of the Adriatic. They accepted doges' rule on this sea but, at the end of the 16th century, the presence of Christian and Muslim pirates marred the relations between the two states. Ottoman merchants used to cross the Adriatic to reach the markets of Venice and Ancona. Besides regular trade there was also smuggling: above all arms were exported to the Empire while wheat went westwards. Several links united the two commercial communities: for instance, subjects of the Republic embarked sometimes on Ottoman ships; in the ports of the Serenissima the sultan's merchants used to pay the same customs as Venetians and, sometimes, they also insured themselves with Venetian companies. The wars of the end of the 17th century put a momentary stop to Muslim commercial activities in Venice and in the Adriatic. However, at the beginning of the following century, Albanian vessels charged with Ottoman goods appeared again at St. Mark's docks, even if soon after, in the 1720s', short-sighted Venetian protectionist politics pushed them to prefer the port of Trieste.
Ključne besede: Ottoman empire, Venice, Adriatic sea, trade, smuggling
Objavljeno v RUP: 10.07.2015; Ogledov: 5034; Prenosov: 24
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