An examination of trade barriers and economic growth in Abakaliki Local Government Area, Ebonyi State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
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- NGN 5000
Background of the study
Trade barriers, such as tariffs and quotas, have long been recognized as impediments to economic growth, particularly at the local level. In Abakaliki Local Government Area, these barriers restrict market access, reduce competition, and inhibit the free flow of goods and services. The imposition of such restrictions can have adverse effects on local industries, leading to slower economic development and reduced employment opportunities (Eze, 2023). Furthermore, the bureaucratic challenges associated with trade regulations often limit the potential for small and medium-sized enterprises to expand. Recent research highlights the negative impact of trade barriers on local market efficiency and suggests that reducing such impediments could stimulate economic activity and promote growth (Ndukwe, 2024). The economic structure of Abakaliki is thus significantly influenced by these trade dynamics, necessitating a detailed analysis to inform policy reforms that can foster a more open and competitive market environment (Iheanacho, 2025).
Statement of the problem
Trade barriers in Abakaliki Local Government Area restrict market access, stifle competition, and impede economic growth. These barriers lead to reduced business opportunities and hinder local industrial development. Inadequate regulatory frameworks and bureaucratic inefficiencies further exacerbate these challenges, limiting the effectiveness of local trade and economic expansion (Eze, 2023).
Objectives of the study:
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To evaluate the impact of trade barriers on economic growth.
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To identify the specific trade barriers affecting local businesses.
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To recommend strategies for reducing trade barriers and enhancing market efficiency.
Research questions:
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What types of trade barriers are prevalent in Abakaliki?
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How do these barriers affect local economic growth?
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What policy measures can reduce the negative impact of trade restrictions?
Research Hypotheses:
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Trade barriers significantly impede economic growth in Abakaliki.
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Regulatory inefficiencies exacerbate the negative effects of trade barriers.
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Policy reforms can enhance market efficiency and stimulate economic development.
Significance of the study
The study provides crucial insights for policymakers, offering evidence-based recommendations to reduce trade barriers and foster economic growth. Understanding the relationship between trade restrictions and local development will aid in formulating strategies that promote a competitive and dynamic economic environment in Abakaliki.
Scope and limitations of the study:
Limited to the examination of trade barriers and economic growth in Abakaliki Local Government Area, Ebonyi State.
Definitions of terms:
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Trade Barriers: Restrictions that inhibit the free exchange of goods.
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Economic Growth: An increase in the production and consumption of goods and services.
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Market Efficiency: The degree to which market prices reflect available information.
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