Effect of non-oil compenents expert on the economics growth in Nigeria

• Main Author: Oluwapemi, Oyetade Oluwatoyese
• Format: Thesis
• Language: English; English
• Published: 2013
• Subjects: HB Economic Theory
• Online Access: https://etd.uum.edu.my/5064/1/s811090.pdf; https://etd.uum.edu.my/5064/2/s811090_abstract.pdf; https://etd.uum.edu.my/5064/

The effect of non-oil components export on the economic growth in Nigeria continue to be debated and tested in order for turning around of the nation’s economic outlook for the future good, by strengthen non-oil export growth and success and also promote a non-oil export culture. This paper extends the previous empirical studies on the issue providing some evidence from time series data period over 1980–2011. In this study, the dependent variables were agricultural, manufacturing and services sector whereas the independent variable is the gross domestic product (GDP). The model was tested using unit root test, ordinary least square (OLS), serial correlation LM test and heteroskedasticity test to analyze the significant contribution between the dependent and independent variables. The result shows that agricultural and services sector of non-oil export component contributed significantly to the economic growth (GDP) of Nigeria. Also the result presents that there is no correlation and heteroskedasticity problem. Finally this paper draws some policy implications for the further studies to focus on the non-oil export component in Nigeria so has to ensure a turnaround of the nation’s economic outlook (growth)