Electronic Journal of Polish Agricultural Universities (EJPAU) founded by all Polish Agriculture Universities presents original papers and review articles relevant to all aspects of agricultural sciences. It is target for persons working both in science and industry,regulatory agencies or teaching in agricultural sector. Covered by IFIS Publishing (Food Science and Technology Abstracts), ELSEVIER Science - Food Science and Technology Program, CAS USA (Chemical Abstracts), CABI Publishing UK and ALPSP (Association of Learned and Professional Society Publisher - full membership). Presented in the Master List of Thomson ISI.
2017
Volume 20
Issue 4
Topic:
Economics
ELECTRONIC
JOURNAL OF
POLISH
AGRICULTURAL
UNIVERSITIES
Loto M. 2017. GLOBALIZATION AND ITS IMPACT ON THE BEER INDUSTRYS EXPORT PERFORMANCE IN THE NIGERIAN ECONOMY 1985-2015, 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

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.