THE IMPACT OF NON-OIL EXPORT ON ECONOMIC GROWTH IN NIGERIA (1986-2010)
- Department: Economics
- Project ID: ECO0746
- Access Fee: ₦5,000
- Pages: 62 Pages
- Reference: YES
- Format: Microsoft Word
- Views: 1,080
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ABSTRACT
The essence of this work has been to determine the effect of non-oil export on economic growth in Nigeria, during the period of 1986-2010. In carrying out this study, secondary data were collected and empirical analysis was made. To achieve these objectives, multiple regressions were used in analyzing the data. The empirical results reveal that non-oil export is statistically significant to Nigeria economic growth. On the other hand, oil export also has been significant to Nigeria Economic growth of the non-oil export while government expenditure (GEX) has not been significant to Nigeria’s economic growth of the non-oil exports. Following this, some recommendations which include encouraging financial institutions, improving in data collection and banking, efficient allocation and use of resources, government base investing in non-oil sector in other to diversify the economy (from monoculture economy to a multicultural economy) and creating economic environment which will help boost the activity of non-oil export sector.
TABLE OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgment iv
Table of contents v
Abstract viii
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Statement of problem 10
1.3 Objectives of the study 11
1.4 Significance of the study 12
1.5 Scope and Limitations of the study 13
CHAPTER TWO: LITERATURE REVIEW
2.1 Theoretical literature 14
2.2 Empirical literature 19
CHAPTER THREE: RESEARCH METHODOLOGY 32
3.1 Model Specification 33
3.2 Definition of variable 33
3.3 Assumptions of the error team (U) 35
3.4 Nature and scope of Data collection 35
3.5 Method of Data analysis 36
3.6 Testing of hypotheses 36
3.7 Evaluation of model 37
3.7.1 Evaluation based on economic apriori criteria 37
3.7.2 Evaluation based on statistical criteria 37
3.7.3 Evaluation based on econometric criteria 38
3.8 Sources of data and collection 39
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS OF RESULT
4.1 Presentation of Result 40
4.1.1 Interpretation of result 41
4.2 Evaluation of result 42
4.2.1 Evaluation based on economic apriori criteria 42
4.2.2 Evaluation based on statistical criteria 43
4.2.2.1 R- Squared 43
4.2.2.2 T- Test 43
4.2.2.3 F- Test 45
4.2.2.4 Standard error 46
4.2.3 Evaluation based on econometric criteria 47
4.2.3.1 Normality test 47
4.2.3.2 - Test for heteroscedasticity 49
4.2.3.3 – Test for auto correlation 50
4.2.3.4 – Test for multi collinearity 51
4.3 Hypothesis testing 52
CHAPTER FIVE: SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1 Summary 54
5.2 Recommendations 54
5.3 Conclusion 57
References 58
Appendix 1 60
Appendix II 61
Appendix III 62
- Department: Economics
- Project ID: ECO0746
- Access Fee: ₦5,000
- Pages: 62 Pages
- Reference: YES
- Format: Microsoft Word
- Views: 1,080
Get this Project Materials
