THE RELATIVE IMPACT OF OIL AND NON-OIL EXPORTS ON ECONOMIC GROWTH IN NIGERIA (1983-2007) (#9666)

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