Volume 20
Issue 4
Economics
JOURNAL OF
POLISH
AGRICULTURAL
UNIVERSITIES
DOI:10.30825/5.ejpau.39.2017.20.4, EJPAU 20(4), #12.
Available Online: http://www.ejpau.media.pl/volume20/issue4/abs-12.html
GLOBALIZATION AND ITS IMPACT ON THE BEER INDUSTRYS EXPORT PERFORMANCE IN THE NIGERIAN ECONOMY 1985-2015
DOI:10.30825/5.EJPAU.39.2017.20.4
M.A. Loto
Department of Economics, Faculty of Social Sciences, University of Lagos, Nigeria
ABSTRACT
This study analyzed the impact of globalization on the Nigerian beer industry’s export performance between 1985 and 2015. Time series data for the period 1985–2015 which was later adjusted to 1989–2015, was fitted with a Least Square Method Regression model (OLS). The results obtained are not too far away from expectations with the exception of very few. The result shows that when there is an increase in foreign income, all things being equal, there will be an increase in the demand for beer export. Imported technology is positive; it means that efficiency could be earned through imported technology which can bring about efficient production and competitive pricing in the international market. When this happens, it will bring about an opposite movement between export demand and price of export. The coefficient of openness indicates that there is room for beer export to benefit from globalization. This is because there is room for this sub-sector to benefit from globalization. It has the potentials to expand into the world market.
Key words: Globalization, Export, Nigeria, Beer Industry, Error Correction.
M.A. Loto
Department of Economics, Faculty of Social Sciences, University of Lagos, Nigeria
Mobile:08165926969, 08136380182
email: mloto@unilag.edu.ng
Responses to this article, comments are invited and should be submitted within three months of the publication of the article. If accepted for publication, they will be published in the chapter headed 'Discussions' and hyperlinked to the article.