Appraisal of the impact of industrialization on economic growth in nigeria doi. In india, the gini coefficient of household consumption expenditure fell in the 1950s as a result of. The work focused on the impact of industrialization on economic growth. European scientific journal april 2016 edition vol. The ten 10 selected economic community of west africa ecowas experience members states. Impact of human capital development on economic growth in nigeria. An assessment of the determinants of industrial sector. An assessment of the determinants of industrial sector growth. The change from agriculture to industry has been a repeated. The growth of the nigerian economy has not been stable over the years as. Summary, policy recommendation, conclusion and references.
Chapter five of impact of industrialization on nigerias economic development contains. The date used is a secondary data, which was obtained from the publication of the central bank of nigeria statistical bulletin and the amial report of accounts. The aim of this study is to contribute to the investigation of the impact of industrialization on economic growth by analyzing the senegalese manufacturing firms. For instance the share of the nigeria industrial sector in the nigerias gdp fell from. Industrialisation plays a significant role in economic development of any nation. Africa, egypt, and nigeria all regional outperform. Please, sit back and study the below research material carefully. The analytical tools employed on this research include ttest and regression analysis. The data used is a secondary data which was obtained from the publication of central bank of nigeria.
Economic scholars have largely red on the linkages between concur industrialization and economic growth. Industrialization is the bed rock of economic development to the extent that the process of economic development usually begin with industrialization and impossible without it. I am online and ready to help you via whatsapp chat. Before colonial rule in nigeria, there were numerous economic activities undertaken by. The study sets three major objectives, which include investigating the effect of fiscal and monetary policy on gross domestic product gdp. The main objective of this study is to evaluate the impact of international trade on the economic development of nigeria. This impact of task incentives of economic and industrial development of enugu state intends to examine the extent individuals ad companies have been responding to the incentives scheme. Impact of industrial sector on nigeria economic growth 19812016 pdf. Agricultural sector performance and nigerias economic growth. The potential of manufacturing and industrialization in africa. The johansen cointegration testing approach demonstrates a significant longrun relationship between these three variables. The gap between the minority rich and the majority poor is big and still growing. The fact that economic growth is necessary for sustained development, coupled with data limitation, informs our focus on investigating the contributions of agriculture to economic growth, as measured by.
The study sets three major objectives, which include investigating the effect of fiscal. Industrial development and economic growth 299 tion in overall poverty in the 19812001 period. Industrial development and growth in nigeria brookings institution. In most countries, such trade represents a significant share. It is also not surprising that this has been the principal focus of the various administrations in. Industrialization and economic development project muse. An assessment on the impact of industrialization on.
Industry plays a major role in the economic growth of any country. This research work covers the period of years 19802010 with reference to limitation in a research project like this. This implies that good policy measures should be put in place to improve human capital. Apr 28, 2017 this research work deals on the impact of industrialization on nigerias economic development. Timeseries data for the period 1990 2011 were used to examine the impact of inflation on economic growth. Appraisal of the impact of industrialization on economic growth in. Sep 14, 20 industrialisation and economic growth 1. Of the impact of industrialization on economic growth in nigeria.
The general objective of this paper was to find out the impact of industrialization on economic growth in senegal. Highly industrialized nations boast of developed economies and can afford high standards of living for the citizens. To evaluate the effect of petroleum profit tax on the real gross domestic product of nigeria. The impact of international trade on the economic development.
The bank of industry boi should be ready to aid nigerian industrialization along nigerias line of development and not a total shift to accepting models which. The change from agriculture to industry has been a repeated scenario in all other developing economies. The broad objective of this study is to examine the effect of taxation on economic growth of nigeria. How these incentive have been stimulating and motivating these bodies on employment opportunities. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the.
The impact of industrialization on economic growth in nigeria 19802010 abstract this impact of task incentives of economic and industrial development of enugu state intends to examine the extent individuals ad companies have been responding to the incentives scheme. With these underlying affirmative presumptions, this paper empirically assesses the impact of monetary policy on industrialization in nigeria as an open economy, deploying. However, despite series of deregulation policies introduced since 1986 by successive governments to facilitate industrialization process in an economically conducive manufacturing environment. Uniprojects aim of providing impact of industrialization on nigerias economic development project research material is to reduce the stress of moving from one school library to another all in the name of. The results reveal that agriculture, industry and services have a significant positive relationship with gdp. Impact of unemployment on nigeria economic growth 19812017 pdf. Nigeria has been ranked as one of the most corrupt countries n the world.
Impact of industrialization in nigeria pdf paperity. Impact of industrialization on economic growth in nigeria doi. Since nigeria became independent in 1960, achieving economic development through rapid industrialization has remained a major challenge. Their results reveal that government total capital expenditure, total. Impact of agriculture and industrialization on gdp in nigeria. This research work deals on the impact of industrialization on. This had a debilitating effect on real industrial growth. The significant of this study lies in the fact that it will expose the extent to which industrialization has contributed to economic development of nigeria. Monetary policy and industrialization in an emerging open. The industrial sector contribution has significant impact to the economic development of nigeria. Industrialization and the nigerian economy the chris.
Impact of industrialization on nigerias economic development project material. To examine the impact of company income tax on the real gross domestic product of nigeria. The pursuit of industrialization by developing economies is hinged on the theoretical and empirical evidences that development nations themselves are highly industrialized. Is industrialization still a pivotal driver of the development process. The data used is a secondary data which was obtained from the. This research work deals on the impact of industrialization on nigerias economic development. Social effects of industrialization in discussions of economic growth perhaps most attention is paid to measurable quantities, and the problem, quite rightly, is treated as one of creating more of the material means of satisfying human wants. The research work deals with the impact of industrialization on economic growth in nigeria. The impact of unemployment on economic growth includes. The impact of industrialization on economic growth and. The specific objectives of this research work include the following. This study therefore examines the major economic growth determinants as well as the direction of causality that exists between economic growth and some selected economic growth indicators in nigeria, employing the johansen cointegration and granger causality tests. The ten 10 selected economic community of west africa ecowas experience members states 200020 namely. However, this study shall look at both the impact of human capital and health on economic growth in nigeria.
This study, the impact of industrialization on economic growth in nigeria will influence various economic units in both public and private sectors of the economy. Uniprojects aim of providing impact of industrialization on nigerias economic development project research material is to reduce the stress of moving from one school library to another all in the name of searching for impact of industrialization on nigerias economic development research materials. The effect of industrial development on economic growth. Chapter five of this impact of industrialization on nigerias economic development material is available. Thus, this research investigated the effect of industrial development on the nigerias economic growth. Industrialization is said to be a hallmark for modern economic growth and development but nigerian industrial sector has suffered from decades. Therefore, this study sought to investigate the impact of industrialization on economic growth in nigeria. It is also not surprising that this has been the principal focus of the various administrations in the country.
Impact of globalization on economic growth in nigeria 19862018. Department of economics and statistics faculty of social sciences university of benin benin city industrialization and economic growth in nigeria by oluwarotimi john ogundele march 2010 after presenting a comprehensive analysis of the classical, neoclassical and endogeneous new theories of economic growth and examining the theoretical relationship. Thus in this research work, effort is made to assess the impact of industrialization on economic growth of nigeria. To determine the contribution of international trade in the economic development of nigeria. We assess the impact of industrialization on economic growth in africa. In history only three economies can boast of deriving great wealth from agriculture alone new zealand, canada and australia. Some economist and analysts are of the view that industrialization plays a major role in the economic growth and development of any nation. Pdf the work focused on the impact of industrialization on economic growth.
Industrialization creates jobs, enables a better environment and ensures stabilization of the economy. Impact of industrial sector on nigeria economic growth mensch. The study recommended that government should redirect its industrial. Download complete project material pdf from chapters 1 to 5. Economic growth and development remain keygoals desired by underdeveloped and developing nations. The objective of this study is to analyze the relationship between gdp, agriculture ar, industry id and services sector sv in nigeria. The great aim of programmes of industrial development is to provide more and more of the goods and the. Contribution of agriculture to economic growth in nigeria1. The fact that economic growth is necessary for sustained development, coupled with data limitation, informs our focus on investigating the contributions of agriculture to economic growth, as measured by gross domestic product gdp, in nigeria.
Economic growth is the most powerful instrument for reducing poverty and improving the quality of life in developing countries. The effect of industrial development on the economic growth of nigeria has over the past decade been a recurring issue for analysis like every economy most especially developing economies. Download the full project work from chapter one to five with reference. The overriding objective of industrial policy is to accelerate the pace of. Department of economics and statistics faculty of social sciences university of benin benin city industrialization and economic growth in nigeria by oluwarotimi john ogundele march 2010 after presenting a comprehensive analysis of the classical, neoclassical and endogeneous new theories of economic. An assessment on the impact of industrialization on economic. The paper utilized the secondary data drawn from the world bank wdi 2015 and the national agency of statistic and demography in senegal ansd and covered the period between 1960 and 2017. Impact of unemployment on economic growth of nigeria.
The findings also shows that there is strong relationship between inflation and economic growth in nigeria, that exchange rate has positive impact on economic growth and that high interest rate discourages investment and hence forestalls economic growth. Impact of industrialization on nigerias economic development. Poverty in nigeria remains significant despite high konyeaso. Industrialization, manufacturing, industry, economic growth, africa. Impact of industrial sector on nigeria economic growth. International trade is the exchange of capital, goods, and services across international borders or territories.
Impact of industrialization in nigeria semantic scholar. Impact of industrialization on economic growth in nigeria. Dec 16, 2016 the research work deals with the impact of industrialization on economic growth in nigeria. In recent years, all her efforts to grow the economy, nigerias rate of economic growth has remained very volatile and sluggish. Macroeconomic policies, industrialization and economic growth in nigeria this paper employed the simultaneous equation model using the threestage least squares technique to analyse the impact of money supply, government expenditure and exchange rate on industrial output. They used disaggregated analysis in an attempt to unravel the impact of government expenditure on economic growth. Nigeria and the challenge of industrial development. Social effects of industrialization economic and political. The nigerian economy started experiencing serious difficulty in furthering its industrial development.
Motivated by this controversial, this study examined the impact of inflation on economic growth and established the existence of inflation growth relationship. The study investigated the contribution of agricultural sector output to the growth of domestic economy in nigeria for the period 19802014. Such a strategy can be expected to encourage the development and economic growth of a developing country. The study revealed that industrialization has a negative impact on economic growth in nigeria in the long run. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the sector on the growth of the nigerian domestic economy. The impact of industrialization on nigerias economic.
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