ABSTRACT
The objective of this study is to analyze the impact of industrialization on economic growth in Nigeria. Because of the link between industrialization and economic growth, both theoretical and econometric analysis are used to examine the contribution of industrialization to economic growth in Nigeria, using GDP as the dependent variable and industrial output, labour force, capital stock and human capital as independent variables from 1980-2010. The results show that industrial output, capital stock, significantly contribute to economic growth while human capital and labour force do not contribute significantly to economic growth. The detailed results are: in industrial output, an increase in industrial output by 1 unit increases GDP by 2 folds; an increase in capital stock increases GDP by over 100 folds; an increase in human capital does not stimulate increase in GDP because the t-statistic is insignificant; and in labour supply, the same remark on human capital applies. On the whole, the adjusted R2value shows that the explanatory power of the model is as high as 92%. The study recommends that government should develop policy measures to improve formal education that will produce graduates relevant for industrial needs of the country, improve legal frame works to protect human right, and property rights, and improvement on social and economic infrastructure to make the industrial sector competitive.
CHAPTER ONE:
INTRODUCTION
1.1Background to the Study
1.2 The Statement of the Problem
1.3Research Questions
1.4Statements of Research Objectives
1.5Significance of the Study
1.6Statement of Hypotheses
1.7Scope and Limitations of the Study
CHAPTER TWO:
Review of Related Literature
2.1Theoretical Literature Review
2.2 Empirical Literature Review
2.3Theoretical Framework of the Study
CHAPTER THREE
RESEARCHMETHODOLOGY
3.1Research Design
3.2Model Specification
3.3Estimation Procedure
3.4Data Discussions
3.5Sources of Data Employed
CHAPTER FOUR:
RESULTS AND ANALYSIS
4.1 Presentation of Results
4.2 Test of Hypotheses
CHAPTER FIVE
SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1Summary of Findings
5.2Recommendations
5.3Conclusion
REFERENCES
APPENDIX 1
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 04). Impact Of Industrialization On Economic Growth In Nigeria (1980-2010).. ProjectStoc.com. Retrieved 04, 2014, from https://projectstoc.com/read/2124/impact-of-industrialization-on-economic-growth-in-nigeria-1980-2010
"Impact Of Industrialization On Economic Growth In Nigeria (1980-2010)." ProjectStoc.com. 04 2014. 2014. 04 2014 <https://projectstoc.com/read/2124/impact-of-industrialization-on-economic-growth-in-nigeria-1980-2010>.
"Impact Of Industrialization On Economic Growth In Nigeria (1980-2010).." ProjectStoc.com. ProjectStoc.com, 04 2014. Web. 04 2014. <https://projectstoc.com/read/2124/impact-of-industrialization-on-economic-growth-in-nigeria-1980-2010>.
"Impact Of Industrialization On Economic Growth In Nigeria (1980-2010).." ProjectStoc.com. 04, 2014. Accessed 04, 2014. https://projectstoc.com/read/2124/impact-of-industrialization-on-economic-growth-in-nigeria-1980-2010.
- Related Works
- The Importance And Roles Of Insurance Industry In Nigerian Economy
- The Role Of Insurance Companies In The Nation’s Economic Development And Growth
- The Impact Of Monetary Policy On Agricultural Growth In Nigeria. (1981–2009).
- The Impact Of Non-oil Export On Economic Growth In Nigeria (1986-2010)
- An Evaluation Of The Impact Of Monetary And Fiscal Policies On Nigerian Economic Growth (1988-2012)
- Self Employment And Poverty Reduction In Benue State: Analysis Of Welding And Fabrication Technology In Makurdi Metropolis
- The Impact Of Exchange Rate Fluctuation On The Nigeria Economic Growth (1999 – 2013)
- Factors That Reduce Savings In Nigeria (2000-2014)
- The Impact Of Agriculture On Economic Growth In Nigeria: 1980-2014
- Effect Of Organizational Structure On Workers Performance In Nigeria Financial Institutions. A Case Study Of First Bank Nigeria Plc.