Mountain Top University Library

This study examines the impact of globalization on economic growth in Nigeria for the study periods,
1986 to 2019. Unlike previous studies, this study measures globalization from three strands,
economic globalization, political globalization and social globalization. The relevant variables in
these models were sourced from secondary data such as Central Bank of Nigeria Statistical Bulletin
and the KOF Globalization index. In achieving the objectives of this study, four research questions
and hypotheses were formulated and both descriptive statistics and annual time series econometric
methodology was employed. The results revealed that that political and social globalization has a
positive but insignificant impact on real economic growth, while economic globalization has a
negative and also insignificant impact on real economic growth in the long run over the study period
in Nigeria. Further, the study found that only social globalization has a high positive and significant
impact on real economic growth in Nigeria over the study period 1986-2019 in the short run. In
addition, the study revealed that a univariate causal relationship existed between real economic
growth, economic globalization, political globalization, and social globalization within the study
period 1986 to 2019 in Nigeria. Lastly, the study recommended that government should place more
emphasis on social globalization than political and economic globalization, as well as provide a
friendly macroeconomic environment to boost the strands of globalization in actualizing steady real
economic growth within the study period of 1986 to 2019 in Nigeria.