A Vector Error Correction Model Analysis of the Interrelationships among Globalization, Health and Macroeconomic Outcomes in Nigeria

Abstract

The study ascertains the effects of interrelationships and linkages among the three concepts of globalization, health, and macroeconomic outcomes in Nigeria using the Vector Error Correction Model. It also finds among others that openness, FDI, which are measures of globalization and malaria prevalence, a direct measure of health and economic growth has no significant effect on the exchange rate, and that economic growth, exchange rate, measures of macroeconomic outcomes, FDI, and malaria prevalence have no significant impact on trade openness. It recommends among others that attempts to grow one sector should not lose foresight of the others and that efforts to make Nigeria’s economy benefit from globalization should focus more on stimulating FDI than participating in trade openness. More vigorous efforts should be put into the fight against, and treatment of malaria in the country