Download Tag: INDUSTRIAL SECTOR OUTPUT

CHAPTER ONE INTRODUCTION 1.1       Background of Study Nigeria industrial sector has been impacted significantly by the wage of oil price volatility. During the period of high oil price in the international market, government increase expenditure in the industrial sector to increase capacity building in the sector and position the sector to provide more job opportunity to the masses. Industrial development has not really been successful in Nigeria. This is ...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Industrial sector plays a crucial role in the development of modern economy the world over. Industrial sector as a sub-sector of the industrial sector refers to the productions of goods and services through combined utilization of raw materials and other production factors such as labor force, land and capital or by means of production process. In advanced economies, the industrial sector is ...

ABSTRACT This paper analyses oil price stability and industrial sector output in Nigeria. Results show that the impact of oil price on industrial sector output is asymmetric in nature; with the impact of oil price decrease significantly greater than oil price increase. Also, from the variance decompositions, oil price changes play a significant role in determining the variance decompositions of output and prices. The implication is that any policy that ...