Oil and economic growth: An econometric analysis.

Loading...
Thumbnail Image

Date

2001

Journal Title

Journal ISSN

Volume Title

Publisher

Bethany Books

Abstract

The study focuses specifically on the effect of oil exports, non-oil exports and foreign capital inflow on Nigeria‟s economic growth performance. Using the OLSQ regression technique, we generated the relationship between the variables identified above. Relying on selected macroeconomic data for the period 1980 – 2000, the results of the study provides empirical evidence to reinforce the claim that oil exports have contributed more significantly to the growth of the Nigerian economy vis-à-vis other variables that were analysed. The paper recommends, as part of Nigeria‟s strategy for achieving rapid and sustainable economic „miracle‟ the aggressive pursuit of an export-led industrialisation policy

Description

Keywords

Oil - Nigeria, Economic growth - Nigeria, Nigeria - Econometric analysis

Citation

Ogbokor, C. A. (2001). Oil and economic growth: An econometric analysis. Journal of Development Alternatives and Area Studies, 20(2&3).

Collections