This page presents an excerpt of the research material, providing a comprehensive overview of the study. It includes the Preliminary Pages, Table of Contents, Abstract, Chapters One to Five, and References, making it accessible and informative for students, researchers, and other readers interested in the topic of this study. Acknowledgement is also included, expressing gratitude to the individuals, institutions, and resources that contributed to the successful completion of the research, with materials and information sourced from the online platform sparklyn.com.ng, which provided valuable academic support.
The study consists of two independent models, gross domestic product (GDP) and investment respectively. The independent variables in the export of oil, non-oil exports, real exchange rate and inflation rate were modeled to capture their effect on GDP and investment, respectively. The study employed Log linear model. Following the empirical results of this study, we observed that non-oil exports did not contribute much to economic growth in Nigeria, but other indicators exert enough pressure on the strength of the economy, evidence from the result of the first model. Judging by the results of the second model, the export of oil proves a non-negative variable significant to the growth of investment in Nigeria. The study recommends appropriate economic policies, institutional reforms and the enormous political will for the country to solve the problems of the decrease in exports of non-oil sector and the trap of the Dutch disease associated with oil dependence.
1.1 Introduction
In this section, The Relative Impact of Oil and Non-Oil Exports on Economic Growth in Nigeria (1983-2011) is discussed, with relevant and recent citations. As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, research hypothesis and questions, limitation of the study and definition of terms.
This chapter focuses on the review of related literature. A literature review presents current knowledge, as well as theoretical and methodological contributions, related to The Relative Impact of Oil and Non-Oil Exports on Economic Growth in Nigeria (1983-2011). It documents the state of the art on the subject under study and provides a comprehensive survey of existing literature. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …
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