ROLE OF INSTITUTIONS AND PRODUCT DIFFERENTIATION IN IMPORTS SURGE:
Evidence from China-Nigeria Trade Flows
ROLE OF INSTITUTIONS AND PRODUCT DIFFERENTIATION IN IMPORTS SURGE:
Evidence from China-Nigeria Trade Flows |
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Category: Journal Articles
Author: Adeolu O. Adewuyi & Damilola F. Arawomo
Volume: 55 Issue No:3 Year:2013
Abstract: With a modified import demand framework, this study examines the role of institutions and product differentiation (PD) in the surge in imports into Nigeria from an emerging partner (China). The computed PD index shows that Chinese products imported by Nigeria are highly differentiated, and the degree of differentiation varies across sectors and sub-sectors. Empirical analysis shows that, beyond the traditional factors (income and prices), institutions and PD are major drivers of import surge, which produced both independent and joint effects. Results on the joint effect suggest that through PD, Chinese firms absorb the adverse effects of declining institution quality (such as waning level of compliance with law and order), and exploit the benefit of improved institution quality (such as better democratic accountability-choice freedom) in the importing nation to boost their sales. Some policy lessons were drawn for business and government.
Price: N500.00 | 
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Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c
The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen
63rd ANNUAL CONFERENCE ANNOUNCEMENT
26 - 30 September 2022
Venue: Kano, Kano State, Nigeria
At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held