This study examines the impact of oil price changes on the economics growth of Nigeria; this explains that the changes have a negative impact on the GDP (Gross Domestic Product). This change is also known as price volatility.
An economic analysis was employed using the method of ordinary least square and from the result of the analysis, it was clear that oil price change has effect/impact on the Gross Domestic Product where some of the variables has negative and others positive. The Exchange rate has a positive significance on the Gross Domestic Product at the rate of 83%, interest rate and oil export increase leads to a decrease in the Gross Domestic Product (GDP) hence it has a negative impact on the economics growth in Nigeria.
Title Page i
Approval Page ii
Dedication iii
Acknowledgement iv-v
Abstract vi
Table of Content vii
Chapter One:
Introduction
1.1 Background of the Study 1-10
1.2 Statement of the Problem 11-14
1.3 Objectives of the Study 15
1.4 Statement of the Hypothesis 16
Chapter Two:
Literature Review
2.1 Theoretical Literature 17-32
2.2 Empirical Literature 35
Chapter Three:
Methodology and Model Specification
3.0 Research Methodology 48
3.1 Model Specification 49
3.2. Economic a Priori Test 50
3.3. Method of Evaluation 50
3.3.1 Statistical Test (First Order) 50
3.3.2 Econometric (Second Order) 54
3.4 Data Required And Source 54
CHAPTER FOUR:
PRESENTATION AND ANALYSIS OF RESULTS
4.1 Presentation of Result 56
4.2 Interpretation of the Regression Result Co-Efficient 57
4.2.1 Economic Apriori Criteria 59
4.2.2 Statistical Criteria (First Order Condition) 60
4.3 Econometric Criteria 64
CHAPTER FIVE:
Summary, Conclusion and Recommendation 64
5.1 SUMMARY 69
5.2 Conclusion 70
5.3 Policy Recommendation 71
Bibliography 73
Appendix
The Impact Of Oil Price Changes On The Economic Growth. (n.d.). UniTopics. https://www.unitopics.com/project/material/the-impact-of-oil-price-changes-on-the-economic-growth/
“The Impact Of Oil Price Changes On The Economic Growth.” UniTopics, https://www.unitopics.com/project/material/the-impact-of-oil-price-changes-on-the-economic-growth/. Accessed 22 November 2024.
“The Impact Of Oil Price Changes On The Economic Growth.” UniTopics, Accessed November 22, 2024. https://www.unitopics.com/project/material/the-impact-of-oil-price-changes-on-the-economic-growth/
Here’s a typical structure for The Impact Of Oil Price Changes On The Economic Growth research projects:
- The title page of The Impact Of Oil Price Changes On The Economic Growth should include the project title, your name, institution, and date.
- The abstract of The Impact Of Oil Price Changes On The Economic Growth should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
- The introduction of The Impact Of Oil Price Changes On The Economic Growth should provide the background information, outline the research problem, and state the objectives and significance of the study.
- Review existing research related to The Impact Of Oil Price Changes On The Economic Growth, identifying gaps the study aims to fill.
- The methodology section of The Impact Of Oil Price Changes On The Economic Growth should describe the research design, data collection methods, and analytical techniques used.
- Present the findings of the The Impact Of Oil Price Changes On The Economic Growth research study using tables, charts, and graphs to illustrate key points.
- Interpret The Impact Of Oil Price Changes On The Economic Growth results, discussing their implications, limitations, and potential areas for future research.
- Summarize the main findings of the The Impact Of Oil Price Changes On The Economic Growth study and restate its significance.
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