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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 material titled “Cocoa Export and Economic Growth of Nigeria (1981-2014)” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks 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 or related project material on “Cocoa Export and Economic Growth of Nigeria (1981-2014)” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

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 …

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



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