The Effect Of Non-oil Export On Economic Growth In Nigeria (1980-2013)

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The study examined empirically the impact of non–oil exports on economic growth in Nigeria. Annual data on Gross Domestic Product, Non-oil export, degree of openness,credit to non-oil sector, exchange rate, Real interest rate and inflation rate from 2014 Central Bank of Nigeria Statistical Bulletin covering the period 1980-2013 were utilized. The study checked for the time series properties of the variables that were used by adopting the Augmented Dickey-Fuller (ADF) test after which the Co integration test was conducted using the Johansen Co-integration test. The study adopted the multiple regression method to ascertain the long run effect of non-oil exports on economic growth in Nigeria between the study periods. The study went further to ascertain the short run dynamic effect of the variables of interest. The results shows that in the long run, non-oil export, inflation rate and exchange rate have significant positive effects on economic growth, while real interest rate, degree of openness and credit to non-oil sector exhibit an inverse relationship with economic growth in Nigeria. The study went further to conduct the short-run dynamic disequilibrium analysis to see if there is a short-run relationship among the variables.The result shows that there is no short-run relationship due to the fact that none of the
variables were significant. Consequently, the study recommends that export led innovations should be encouraged in favour of non-oil commodities not only to increase their contribution to GDP but to also help cushion the effect of price shocks in the international oil market. Furthermore, oil explorers, producers and exporters should be persuaded to diversify their interests into non-oil commodities as well.Finally, incentives attached to non-oil exports should be continually reviewed and improved as well as strictly implemented.

TABLE OF CONTENT
PAGE
Title Page 
Certification 
Dedication 
Acknowledgement 
Table of Content 
List of Tables 
List of Figures 
Abstract 

CHAPTER ONE: INTRODUCTION
Background to the Study 
Statement of the Problem 
Objectives of the study 
Research Hypothesis 
Significance of the Study 
Scope of the Study 
Organization of the Study 

CHAPTER TWO: LIRERATURE REVIEW
Introduction 
Conceptual Issues 
Problems of the Non-oil Sector in Nigeria 
Rationale for export diversification from oil to Non-Oil Export in Nigeria
Government strategies to promote non-oil exports in Nigeria 
Recommendation for Improving Non-oil Sector Performance 
Theoretical Framework 
Absolute Advantage Theory 
Comparative Advantage 
Hecksher-Ohlin Theory 
Export-Led Growth Hypothesis 
Empirical Review 
Summary of Empirical Review
 
CHAPTER THREE: RESEARCH METHODOLOGY
Introduction 
Model Specification 
A priori Expectation 
Estimation Techniques 
Sources and Method of Data Collection 

CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION
Introduction 
Trend and Pattern of Non-Oil Export and Real Gross Domestic Product in
Nigeria 
Empirical Result and Interpretation 
Descriptive Statistics of Data 
Pre Analysis Test 
Unit Roots Test Result 
Co-integration Test Result 
Post Analysis Test 
Granger Causality Test Result 
Analysis of Long run Effects of Non-oil export on Economic growth
 
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND
RECOMMENDATION 
Introduction 
Summary of findings 
Conclusion 
Recommendation 
REFERENCES 

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(2016, 08). The Effect Of Non-oil Export On Economic Growth In Nigeria (1980-2013).. ProjectStoc.com. Retrieved 08, 2016, from https://projectstoc.com/read/7899/the-effect-of-non-oil-export-on-economic-growth-in-nigeria-1980-2013-6502
"The Effect Of Non-oil Export On Economic Growth In Nigeria (1980-2013)." ProjectStoc.com. 08 2016. 2016. 08 2016 <https://projectstoc.com/read/7899/the-effect-of-non-oil-export-on-economic-growth-in-nigeria-1980-2013-6502>.
"The Effect Of Non-oil Export On Economic Growth In Nigeria (1980-2013).." ProjectStoc.com. ProjectStoc.com, 08 2016. Web. 08 2016. <https://projectstoc.com/read/7899/the-effect-of-non-oil-export-on-economic-growth-in-nigeria-1980-2013-6502>.
"The Effect Of Non-oil Export On Economic Growth In Nigeria (1980-2013).." ProjectStoc.com. 08, 2016. Accessed 08, 2016. https://projectstoc.com/read/7899/the-effect-of-non-oil-export-on-economic-growth-in-nigeria-1980-2013-6502.