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

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dc.contributor.authorFrancis Ilenloa Igberaese1 & Onyinye Ifeoma Ochuba2
dc.date.accessioned2025-09-29T11:52:49Z
dc.date.issued2021-02-06
dc.descriptionThe study examines the interrelationships among globalization, health, and macroeconomic outcomes in Nigeria using the Vector Error Correction Model (VECM). It reveals that indicators of globalization (openness and FDI), health (malaria prevalence), and economic growth exert no significant influence on the exchange rate. Similarly, economic growth, exchange rate, FDI, and malaria prevalence do not significantly affect trade openness. The study recommends that while developing one sector, policymakers should remain mindful of interdependencies with others. It further suggests that Nigeria’s engagement with globalization should emphasize attracting foreign direct investment rather than relying solely on trade openness, and that stronger efforts should be directed toward malaria prevention and treatment.
dc.description.abstractThe 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
dc.identifier.urihttps://ir.uat.edu.ng/handle/123456789/70
dc.language.isoen
dc.publisherDepartment of Economics, Federal University of Lafia, Nigeria
dc.subjectEconomic Growth
dc.subjectExchange Rate
dc.subjectTrade Openness
dc.subjectMalaria
dc.titleA Vector Error Correction Model Analysis of the Interrelationships among Globalization, Health and Macroeconomic Outcomes in Nigeria
dc.typeArticle

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