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THE IMPACT OF OIL REVENUE ON THE ECONOMIC GROWTH IN NIGERIA (1980-2010)
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- Contributor: mr-chris
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- Case No: 830267pw
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ABSRACT - [ Total Page(s): 1 ]This research work was conducted to investigate the impact of the oil industry on the economic growth performance of Nigeria. In the process of the research, the ordinary least square (OLS) regression technique was employed. Considering the impact of time on changes in economic variables, the analysis was carried out using the simple regression method in which Gross Domestic Product (GDP), proxy for economic growth was used as the dependent variable, while the oil Revenue (OREV) and time appeared as repressor’s. A two-tailed test of 5% significant levels were conducted indicating that t
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CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONEINTRODUCTION1.1 THE BACKGROUND OF THE STUDYThe economy is the backbone of any nation. Nigeria, like other development countries of the world is paying more attention on how to accelerate the rate of development through the various sections of the economy.Oil, a very versatile and flexible non-productive, depleting, natural (hydrocarbon) resource is a fundamental input to modern economic activities providing about 50% of the total energy demanded in the world excluding the former centrally planned economy. Oil exploiting countries of the world depend heavily on oil revenue for foreig ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]This research work was conducted to investigate the impact of the oil industry on the economic growth performance of Nigeria. In the process of the research, the ordinary least square (OLS) regression technique was employed. Considering the impact of time on changes in economic variables, the analysis was carried out using the simple regression method in which Gross Domestic Product (GDP), proxy for economic growth was used as the dependent variable, while the oil Revenue (OREV) and time appeared as repressor’s. A two-tailed test of 5% significant levels were conducted indicating that t
... Continue Reading
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