Oil revenue fluctuations, fiscal policy response and economic growth in nigeria | Blazingprojects Postgraduate Thesis
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Oil revenue fluctuations, fiscal policy response and economic growth in nigeria

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of study
  • 1.3Problem Statement
  • 1.4Objective of study
  • 1.5Limitation of study
  • 1.6Scope of study
  • 1.7Significance of study
  • 1.8Structure of the research
  • 1.9Definition of terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Oil Revenue Fluctuations
  • 2.2Historical Perspective on Fiscal Policy in Nigeria
  • 2.3Economic Growth Theories
  • 2.4Relationship Between Oil Revenue and Economic Growth
  • 2.5Impact of Fiscal Policy on Economic Growth
  • 2.6Literature on Oil Revenue Management
  • 2.7Fiscal Policy Response to Economic Shocks
  • 2.8Role of Government in Economic Stability
  • 2.9Global Comparisons of Fiscal Policy
  • 2.10Policy Implications and Recommendations

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Design and Methodology
  • 3.2Data Collection Methods
  • 3.3Sampling Techniques
  • 3.4Data Analysis Procedures
  • 3.5Quantitative Research Approach
  • 3.6Qualitative Research Approach
  • 3.7Research Instruments
  • 3.8Ethical Considerations

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Data Analysis
  • 4.2Descriptive Statistics
  • 4.3Regression Analysis
  • 4.4Hypothesis Testing
  • 4.5Interpretation of Findings
  • 4.6Discussion on Fiscal Policy Implications
  • 4.7Comparison with Existing Studies
  • 4.8Recommendations for Policy and Practice

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Summary of Findings
  • 5.2Conclusion
  • 5.3Recommendations for Future Research
  • 5.4Implications for Policy and Practice
  • 5.5Contribution to Knowledge

Thesis Abstract

Every time the economy recesses the role of government intervention as proposed by Keynes again reiterates. However the nature and magnitude of these policies are important to note. It is on this premise that this study examines the impact of oil revenue fluctuations and fiscal policy response on economic growth in Nigeria. The study used data from the Central Bank of Nigeria (CBN) Annual Reports and Statistical Bulletin, the World Bank Indicators and National Bureau of Statistics. The data was analysed with the aid of multiple regression analysis and Garch model of analysis .The results suggest that Gross fixed capital formation, labour, foreign direct investment, Gross national expenditure and fuel subsidy were significant determinants of GDP. While inflation, corruption perception index, and the excess crude dummy were not significant determinants of GDP. However, while corruption perception index and excess crude dummy were negatively related to GDP, the rest of the variables displayed a positive relationship with GDP. The study also shows that oil revenue fluctuations significantly and positively impacts on GDP in Nigeria. The study therefore recommends that excess crude account and fuel subsidy should be consciously reinstated for it to perform at full capacity and significantly affect economic growth in a positive sense.

Thesis Overview

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