Download Tag: OIL AND NON-OIL EXPORTS

ABSTRACT The study consists of two independent models, gross domestic product (GDP) and investment respectively. The independent variables in the export of oil, non-oil exports, real exchange rate, and inflation rate were modeled to capture their effect on GDP and investment, respectively. The study employed a Log-linear model. Following the empirical results of this study, we observed that non-oil exports did not contribute much to economic growth in Nigeria, but ...

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 ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY Oil, a very versatile and flexible, non-reproductive, depleting, natural (hydrocarbon) is a fundamental input into modern economic activity, providing about 50% of the total energy demand in the world. (Anyanwu J.C. et al, 1997). Petroleum or crude oil is an oily, bituminous liquid consisting of a mixture of many substances, mainly the element of carbon and hydrogen known as hydrocarbons. It also ...