International Journal of Scientific and Research Publications

IJSRP, Volume 6, Issue 9, September 2016 Edition [ISSN 2250-3153]


INDUSTRIALIZATION AND ECONOMIC GROWTH: Analyses Using Crude Petroleum and Natural Gas Manufacturing, and Solid Minerals
      Algoni Umar Sheriff
Abstract: This study analyzed the impact of industrialization on economic growth in Nigeria. Because of the link between industrialization and economic growth, both theoretical and econometric analyses were used to examine the contribution of industrialization to economic growth in Nigeria, using GDP as the dependent variable and crude petroleum and natural gas , manufacturing and solid mineral as independent variables from 1981-2013. The study adopted ordinary least squares (OLS) in formulating the model. The results show that crude petroleum and natural gas, manufacturing and solid mineral, significantly contribute to economic growth. On the whole, the adjusted R2value shows that the explanatory power of the model is as high as 99%. The study recommends that creating the necessary environment to achieve strong performance of the industrial sector. Sustain the efforts at generating local materials for infant industries and support the campaign of local campaign initiative.

Reference this Research Paper (copy & paste below code):

Algoni Umar Sheriff (2018); INDUSTRIALIZATION AND ECONOMIC GROWTH: Analyses Using Crude Petroleum and Natural Gas Manufacturing, and Solid Minerals; Int J Sci Res Publ 6(9) (ISSN: 2250-3153). http://www.ijsrp.org/research-paper-0916.php?rp=P575798
©️ Copyright 2011-2022 IJSRP - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.