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Cocoa Export and Economic Growth of Nigeria 19812014

Cocoa Export and Economic Growth of Nigeria (1981-2014)

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Reference ID: PS-8454-TM

DEDICATION

This research work titled "Cocoa Export and Economic Growth of Nigeria (1981-2014)" is dedicated to God for his enabling grace and to all computer enthusiasts who help to make life a pleasant experience.

ACKNOWLEDGEMENT

I owe my indebtedness to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Industrial Relations and Personnel Management (IRPM), Book Authors and Profound Scholars of existing/related research material for your moral support that facilitated the successful completion of my (Tertiary Institution level). I am grateful to God Almighty and my parent for their financial support in my career. I really appreciate you all for everything, Thank you very much.

TABLE OF CONTENTS

PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION


CHAPTER TWO

LITERATURE REVIEW

  • 2.1 Introduction
  • 2.2 Conceptual Review
  • 2.3 Theoretical Framework
  • 2.4 Empirical Studies

CHAPTER THREE

RESEARCH METHODOLOGY

  • 3.1 Introduction
  • 3.2 Research Design
  • 3.3 Population of Study
  • 3.4 Sampling and Sampling Technique
  • 3.5 Validation of Research Instrument
  • 3.6 Method of Data Collection
  • 3.7 Method of Data Analysis
  • 3.8 Questionnaire Administration
  • 3.9 Ethical Consideration
  • 3.10 Statistical Analysis

CHAPTER FOUR

DATA ANALYSIS, RESULT AND DISCUSSION

  • 4.1 Introduction
  • 4.2 Presentation and Analysis of Data
  • 4.3 Re-statement of Research Questions
  • 4.4 Test of Hypotheses
  • 4.5 Discussion of Findings

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

  • 5.1 Introduction
  • 5.2 Summary of Findings
  • 5.3 Conclusion
  • 5.4 Recommendation
  • 5.5 Suggestion for Further Study

REFERENCES

APPENDIX A - “QUESTIONNAIRE”

ABSTRACT

This paper investigates if there is a significant long − run relationship between cocoa exports and economic growth in Nigeria. The study covers the periods between 1981 to 2014. The underlying models are the export led growth, hypothesis, neo − classical growth model, presbich trade model and Keynesian model. In the formulated model, real gross domestic product was used as a proxy for economic growth.

The explanatory variables used were cocoa export earnings, exchange rate and government expenditure on agriculture. The study made use of unit root test and Johnsen maximum likelihood test of co-integration. It was discovered that a long − run equilibrium relationship exist between cocoa export and economic growth such that it is elastic in nature meaning that a unit increase in cocoa exports will bring more than a proportionate increase in the real gross domestic products in Nigeria


Cocoa Export and Economic Growth of Nigeria (1981-2014)

CHAPTER ONE


Background Of Study

The oil boom of the 1970s brought with its fundamental changes in the Nigerian economy particularly the agricultural sector. The first is the heavy dependence of the economy on crude oil export as the main source of foreign exchange earnings and revenue to the government. Secondly, agriculture was relegated to the background resulting in a declining trend in its contribution to export earnings. Cocoa contributed immensely in 1960s and 1970s growth of Nigerian economy (Adeyeye, 2014). For example, it served as source of raw materials, employment generation and made a significant contribution to gross domestic product (GDP).

In1960 Nigeria ranked among one of the highest cocoa producers in the world. For instance, cocoa output peaked at 308,000 tonnes in1964, unfortunately the figure dropped sharply in 1980 and 1981 to 155 tonnes and continually down to 110,000 tonnes by 1990 and 1991 farming seasons. This trend has being since and it has negatively impacted to economic growth and general economic development.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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