ABSTRACT
This research work was conducted to investigate the impact of the oil industry on the economic growth performance of Nigeria. In the process of the research, the ordinary least square (OLS) regression technique was employed. Considering the impact of time on changes in economic variables, the analysis was carried out using the simple regression method in which Gross Domestic Product (GDP), proxy for economic growth was used as the dependent variable, while the oil Revenue (OREV) and time appeared as repressor’s. A two-tailed test of 5% significant levels were conducted indicating that the two explanatory variables did not have any significant impact on growth performance of the Nigerian economy within the same period. The researcher therefore recommends that government should formulate appropriate policy mix that would motivate the firm in the oil sector to enhance improved performance and contribution of the sector.
TABLE OF CONTENT
Title page - - - - - - - - - - -i
Approval page - - - - - - - - - -ii
Dedication - - - - - - - - - -iii
Acknowledgement - - - - - - - - - -iv
Abstract - - - - - - - - - - -vi
Table of content - - - - - - - - - -viii
This research work was conducted to investigate the impact of the oil industry on the economic growth performance of Nigeria. In the process of the research, the ordinary least square (OLS) regression technique was employed. Considering the impact of time on changes in economic variables, the analysis was carried out using the simple regression method in which Gross Domestic Product (GDP), proxy for economic growth was used as the dependent variable, while the oil Revenue (OREV) and time appeared as repressor’s. A two-tailed test of 5% significant levels were conducted indicating that the two explanatory variables did not have any significant impact on growth performance of the Nigerian economy within the same period. The researcher therefore recommends that government should formulate appropriate policy mix that would motivate the firm in the oil sector to enhance improved performance and contribution of the sector.
TABLE OF CONTENT
Title page - - - - - - - - - - -i
Approval page - - - - - - - - - -ii
Dedication - - - - - - - - - -iii
Acknowledgement - - - - - - - - - -iv
Abstract - - - - - - - - - - -vi
Table of content - - - - - - - - - -viii
CHAPTER ONE INTRODUCTION
1.1 The background of the study - - - - - - -1
1.2 Statement of the problem - - - - - - - -3
1.3 Objective of the study - - - - - - - -4
1.4 Statement of the hypothesis - - - - - - -4
1.5 Significance of the study - - - - - - - -5
1.6 Scope and limitation of the study - - - - - -5
Reference - - - - - - - - -6
1.1 The background of the study - - - - - - -1
1.2 Statement of the problem - - - - - - - -3
1.3 Objective of the study - - - - - - - -4
1.4 Statement of the hypothesis - - - - - - -4
1.5 Significance of the study - - - - - - - -5
1.6 Scope and limitation of the study - - - - - -5
Reference - - - - - - - - -6
CHAPTER TWO LITERATURE REVIEW
2.1 Theoretical literature - - - - - - - -7
2.2 Empirical literature - - - - - - - -14
2.3 Limitations of previous studies - - - - - - -26
Reference - - - - - - - -- - -27
CHAPTER THREE RESEARCH METHODOLOGY
3.1 Research design - - - - - - - - -28
3.2 Methodology - - - - - - - - -28
3.3 Model specification - - - - - - - - -29
3.4 Method of evaluation - - - - - - - -31
3.5 Data required sources - - - - - - - -32
Reference - - - - - -- - - - -33
2.1 Theoretical literature - - - - - - - -7
2.2 Empirical literature - - - - - - - -14
2.3 Limitations of previous studies - - - - - - -26
Reference - - - - - - - -- - -27
CHAPTER THREE RESEARCH METHODOLOGY
3.1 Research design - - - - - - - - -28
3.2 Methodology - - - - - - - - -28
3.3 Model specification - - - - - - - - -29
3.4 Method of evaluation - - - - - - - -31
3.5 Data required sources - - - - - - - -32
Reference - - - - - -- - - - -33
CHAPTER FOUR DATA PRESENTATION AND ANALYSIS
4.1 Data presentation - - - - - - - - -34
4.2 Data analysis - - - - - - - - -35
4.2.1 Analysis of regression coefficients - - - - - -35
4.2.2 Statistical criteria - - - - - - - - -36
4.2.3 Econometric criteria - - - - - - - -37
4.4 Evaluation of hypothesis - - - - - - - -41
4.1 Data presentation - - - - - - - - -34
4.2 Data analysis - - - - - - - - -35
4.2.1 Analysis of regression coefficients - - - - - -35
4.2.2 Statistical criteria - - - - - - - - -36
4.2.3 Econometric criteria - - - - - - - -37
4.4 Evaluation of hypothesis - - - - - - - -41
CHAPTER FIVE SUMMARY, CONCLUTION AND ECOMMENDATION
5.1 Summary - - - - - - - - - -42
5.2 Recommendations for policy - - - - - - -43
5.3 Conclusion - - - - - - - - - -45
5.4 Recommendations for further research - - - - - -46
5.1 Summary - - - - - - - - - -42
5.2 Recommendations for policy - - - - - - -43
5.3 Conclusion - - - - - - - - - -45
5.4 Recommendations for further research - - - - - -46
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
(2016, 02). The Impact Of Oil Revenue On The Economic Growth In Nigeria.. ProjectStoc.com. Retrieved 02, 2016, from https://projectstoc.com/read/7182/the-impact-of-oil-revenue-on-the-economic-growth-in-nigeria-7703
"The Impact Of Oil Revenue On The Economic Growth In Nigeria." ProjectStoc.com. 02 2016. 2016. 02 2016 <https://projectstoc.com/read/7182/the-impact-of-oil-revenue-on-the-economic-growth-in-nigeria-7703>.
"The Impact Of Oil Revenue On The Economic Growth In Nigeria.." ProjectStoc.com. ProjectStoc.com, 02 2016. Web. 02 2016. <https://projectstoc.com/read/7182/the-impact-of-oil-revenue-on-the-economic-growth-in-nigeria-7703>.
"The Impact Of Oil Revenue On The Economic Growth In Nigeria.." ProjectStoc.com. 02, 2016. Accessed 02, 2016. https://projectstoc.com/read/7182/the-impact-of-oil-revenue-on-the-economic-growth-in-nigeria-7703.
- Related Works
- Power Supply And The Performance Of Small And Medium Scale Industries In Nigeria From (1999 – 2013)
- Impact Of Customer Satisfaction Strategies On Customer Retention In First Bank Nigeria Plc
- Economic Development In Nigeria
- Budget Deficit And Current Account Balance In Nigeria (1986- 2014)
- Poverty And Unemployment In Nigeria: Causes, Effects And Remedies
- The Economic Implication Of ‘boko Haram’ Insurgence In Nigeria
- The Impact Of Globalization On The Industrial Growth Of Nigeria
- The Impact Of Minimum Wage Fluctuation On Growth Of Nigerian Economy
- An Assessment Of The Impact Of Foreign Direct Investment On Nigerian Ecconmic Growth (1990-2015)
- The Impact Of Capital Market On The Economic Growth Of Nigeria