Effects of trade and exchange rate policies on imports and trade tax revenue in Nigeria

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Periodical article

Title:	Effects of trade and exchange rate policies on imports and trade tax revenue in Nigeria
Author:	Adewuyi, Adeolu O.
Year:	2010
Periodical:	Ibadan journal of the social sciences (ISSN 1597-5207)
Volume:	8
Issue:	1
Pages:	11-30
Language:	English
Geographic term:	Nigeria
Subjects:	financial policy tariffs exchange rates imports public revenue
Abstract:	This article examines the impact of trade and exchange rate policies on import and trade tax revenue in Nigeria, covering the period 1970-2007. The results show that the average tariff in Nigeria has a negative impact on import. Specifically, it produces a significant negative impact on consumer goods and raw material imports, but a significant positive effect on capital goods import, perhaps because of the various waivers and low tariff on this type of import. Real exchange rate is found to have an unstable or unpredictable relationship with import of all categories. Real GDP produced a significant impact on all the four categories of imports. The results also show that tariff has a positive and significant relationship with trade tax revenue. Real exchange rate is found to have an unstable or unpredictable relationship with trade tax revenue. Real GDP produced a positive and significant impact on trade tax revenue. The author suggests that the link between import and trade tax revenue is trade and exchange rate policies, and makes some policy recommendations. App., bibliogr., notes, sum. [Journal abstract, edited]