首页> 外文期刊>British Journal of Economics, Management & Trade >An Emp?±r?±cal Investigation of the Contribut?±on of Agriculture, Petroleum and Development of Human Capital to the Econom?±c Growth in N?±geria, 1970-2012
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An Emp?±r?±cal Investigation of the Contribut?±on of Agriculture, Petroleum and Development of Human Capital to the Econom?±c Growth in N?±geria, 1970-2012

机译:1970-2012年农业,石油和人力资本发展对尼日利亚的经济增长的贡献的实证研究

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An empirical investigation of the contribution of agriculture, petroleum, human capital to the economic growth in Nigeria were carried out in this paper by employing cointegration test, Granger causality test and ordinary least square techniques, using the data of annual time series for the period 1970-2012. The findings reveal the existence of 3 cointegrating vectors which show a long-run relationship among the variables in the series used. The Granger causality test shows that there is a bi-directional causality among the variables. The OLS results show that agriculture and petroleum contribute to output growth positively and significantly, while human capital contributes to output growth negatively but insignicantly. Thus, if a policy aims at sustaining a high rate of economic growth in Nigeria, the priority should be given to the development of human capital in the budgetary and development policies. An effective coordination of these variables and a good policy mix to avoid lopsidedness will ensure a high and sustainable economic growth since there is a bi-directional causality between these variables.
机译:本文采用协整检验,格兰杰因果检验和普通最小二乘技术,利用1970年期间的年度时间序列数据,对尼日利亚的农业,石油,人力资本对经济增长的贡献进行了实证研究。 -2012。研究结果揭示了3个协整向量的存在,这些向量显示了所用序列中变量之间的长期关系。 Granger因果关系检验表明,变量之间存在双向因果关系。 OLS的结果表明,农业和石油对产出增长做出了积极而显着的贡献,而人力资本对产出增长却产生了消极的影响。因此,如果一项政策旨在维持尼日利亚的高经济增长,则应在预算和发展政策中优先考虑人力资本的发展。由于这些变量之间存在双向因果关系,因此对这些变量进行有效的协调并采取良好的政策组合来避免出现不平衡现象,将确保经济的高持续增长。

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