ABSTRACT
The study is
made up of two independent models, Gross Domestic Product (GDP) and
Investment respectively. The independent variables Oil export, Non-oil
export, 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 findings in this
study, we observed that, Non-oil export have not contributed a lot 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 from the result of the second model, Oil export proves a
negative non significant variable with investment growth in Nigeria.
The
study recommends appropriate economic policies, institutional reforms
and massive political will for the country to address the issues of
dwindling exportation of Non-oil sector and the trap of Dutch Disease
associated with oil-dependency.
LIST OF TABLE
Pages
Unit Root Test for Stationarity
Co-integration Result
Modeling Log of Differenced GDP by OLS
Modeling Log of Differenced INV by OLS
Summary of t-statistic test for model 1
Summary of t-statistic test for model 2
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstract
List of tables
Table of content
CHAPTER ONE
1.0 Introduction
1.1 Background of study
1.2 Statement of problem
1.3 Objective of the study
1.4 Statement of hypothesis
1.5 Significance of the study
1.6 Scope and limitations of the study
CHAPTER TWO
2.1 Meaning of oil and non-oil exports
2.2 A brief historical perspective on oil in Nigeria
2.3 Oil and economic policies in Nigeria
2.4 The Dutch-Disease
2.5 The boom and burst periods in oil sector and policy response
2.6 Macroeconomic policies and structure of Non-oil export in Nigeria
2.7 Oil export, Non-oil export and Economic growth in Nigeria
Empirical Literature
CHAPTER THREE
Research methodology
3.1 Model Specification
3.2 Method of Evaluation
CHAPTER FOUR
4.1 Data presentation
4.2 Data Analysis
CHAPTER FIVE
Summary, Conclusion and Recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
BIBLIOGRAPHY
Appendix