The Economic Development of Nigeria: Report of a Mission Organized by the International Bank for Reconstruction and Development at the Request of the Governments of Nigeria and the United Kingdom

By World Bank | Go to book overview
Save to active project

APPENDIX E TRADE AND PAYMENTS DATA

I PRICE AND VOLUME INDICES

The indices for the volume of trade in individual commodities are calculated directly from physical measures provided in the trade statistics. To obtain the indices for the total trade, these individual indices are weighted by the share of the respective items in the total trade during 1949-53 and totaled. As the individual items included do not cover the whole trade, the total obtained must be adjusted for the uncovered items. For this purpose it has been assumed that the price movements of the items included are representative of the price movements of the items not included. The total of the weighted items for each period was divided by the proportion of total trade over the period represented by these items. Thus the index of total exports for 1944-48 was obtained by dividing the total of the weighted items by 87.5, the percentage share of these items in 1944-48 trade.

Since the sample covers only half of total imports, the import index has a wide margin of error; but it seems unlikely that this affects the major movements of the index.


II BALANCE OF PAYMENTS ESTIMATES

Merchandise Exports and Imports

Figures for merchandise trade were taken from the Nigeria customs returns. Imports were adjusted for customs undervaluations arising because buying commissions attributable to head offices located abroad are not included in the declared price. This item was estimated by Prest and Stewart as 2% of the imports of the principal firms which have 70% of the commercial trade.1 It amounted to £ 1.1

____________________
1
Op. cit., p. 75.

-662-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
The Economic Development of Nigeria: Report of a Mission Organized by the International Bank for Reconstruction and Development at the Request of the Governments of Nigeria and the United Kingdom
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 688

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?