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An empirical analysis of the impact of private sector on the economic growth and development of nigeria
An empirical analysis of the impact of private sector on the economic growth and development of nigeria
Table Of Contents
<p> </p><div><p>Title page……………………………………………………………………………………………..1</p><p>Approval page……………………………………………………………………………………………</p><p>Dedication…………………………………………………………………………………………</p><p>Acknowledgement…………………………………………………………………………………</p><p><strong>TABLE OF CONTENT………………………………………………………………………………</strong></p><p><strong>
Chapter ONE
: INTRODUCTION</strong>………………………………………………………………………… <strong>8</strong></p><p>1.1 Background of the study ……………………………………………………………………</p><p>1.2 Statement of the problem…………………………………………………………………</p><p>1.3 Research question…………………………………………………</p><p>1.4 Objective of the study………………………………………………………………………</p><p>1.5 Research hypothesis…………………………………………………………………………</p><p>1.6 Scope of the Study………………………………………………</p><p>1.7 Significance of the study……………………………</p><p>1.8 Definition of basic concept……………………………………………………16</p><p>7</p></div><div><p><strong>Chapter TWO
…………………………………………………………………………..17</strong></p><p>2.0 Literature Review…………………………………………………………..17</p><p>2.1 Theoretical Literature……………………………………………………..17</p><p>2.1.1 Definition of private sector privatization…………………………………17</p><p>2.1.2 Phase of privatization……………………………………………………………19</p><p>2.1.3 Private sector in Nigeria…………………………………………………….20</p><p>2.1.4 Objective of the Nigerian privatization programme……………21</p><p>2.1.5 Macroeconomic comparism………………………………………………..22</p><p>2.1.6 Privatization and economic growth in Nigeria…………………………..23</p><p>2.1.7 Privatization and implementation problems…………………………………….29</p><p>2.2 empirical literatures……………………………………………………………………….</p><p><strong>Chapter THREE
……………………………………………………………………………………</strong></p><p>3.0 methodology…………………………………………………………………………………</p><p>8</p></div><div><p>3.1 model specification…………………………………………………………………………</p><p>3.2 method of</p><p>evaluation……………………………………………………………………………………43</p><p>3.3 Decision rule for Durbin-watson…………………………………………………45</p><p>3.4 The f-Test………………………………………………………………………………..</p><p>3.5 Data Required and Sources……………………………………………………….46</p><p><strong>Chapter FOUR
………………………………………………………………………………….</strong></p><p>4.1 Presentation and Interpretation of Result…………………………………………47</p><p>4.2 Economic Apriori Ceterion…………………………………………………………………</p><p>4.3 Statistical Criteria (First order test) …………………………………………………50</p><p>4.3.1 Coefficient of Multiple Determination (R2)………………………………………………5</p><p>4.3.2 The Student t-Test………………………………………………………………………………..52</p><p>4.4 Econometric Criteria…………………………………………………………………55</p><p>4.4.1 Test for Autocorrelation…………………………………………………………….55</p><p>4.4.2 Normality Test for Residual………………………………………………………..56</p><p>9</p></div><div><p>4.4.3 Test for Hetroscedasticity…………………………………………………………….57</p><p>4.4.4 Test for Multicollinearity………………………………………………………………..</p><p>4.5 Hypothesis Test……………………………………………………………………………6</p><p><strong>Chapter FIVE
………………………………………………………………………………….6</strong></p><p>5.1 Summary……………………………………………………………………………62</p><p>5.2 Policy Recommendations…………………………………………………………65</p><p>5.3 Conclusions………………………………………………………………………….66</p><p>Bibliograpy…………………………………………………………………………………………</p><p>10</p></div> <br><p></p>Project Abstract
<p> The study examines the private sector as the engine of economic growth and development in Nigeria. A model was specified and data were collected from the period of 1980-2010. The method used in this research work is the ordinary least square (OLS) regression model and variables which are gross domestic product (GDP) as the dependent variable while foreign private investment (FPI), domestic private investment (DPI), total private savings (TPS), and total bank loans (TBL) are the independent variables and are all significant except total private savings that is insignificant. From the regression result, the following findings were made The estimate coefficients which are 0.8999687 {FPI}shows that a 1 percent increase in foreign private investment will cause 89.9 per cent increase in GDP, 0.0851059 {DPI} shows that a 1 percent increase in domestic private investment will cause an 8.5 per cent increase in GDP, 0.2444129 {TBL} shows that a 1 percent increase in total bank loans will cause 24 per cent increase in GDP. – 0.0268498 {TPS} shows that a 1 percent increase in total private savings will cause 2.6 per cent decrease in GDP.. I recommend that there should be policies that will attract foreign investors; such policies could be the reduction of corporate tax rate. Incentives should be given to local investors to enable them compete with foreign investors world-wide. Policies also should be made against the transfer of capital and profit from Nigeria to foreign countries as it drains the income meant for national development. The government should also maintain political stability in the economy because unstable environment discourages investors. <br></p>Project Overview
<p> </p><div><div><p><strong>INTRODUCTION</strong></p><p><strong>1.1 Background of The Study</strong></p><p>Privatization has become a major strategy adopted world over to improve the perform</p></div></div><h3></h3><br> <br><p></p>Blazingprojects Mobile App
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