Natural resource booms and Third World development: Assessing the subsectoral impacts of the Nigerian petroleum boom on agricultural export performance
Thesis/Dissertation
·
OSTI ID:5366546
Linear and quadratic expansion model formulations are developed to assess the relative complexity of booming-non-booming sector interactions. Specific attention is given to the extent to which the growth rates of Nigerian agricultural exports have changed over time as: (a) the volume of oil exports, and (b) the growth rate of oil exports are allowed to vary over a set of hypothetical values which reflect Nigerian oil-boom realities. Four important conclusions emerge: (a) the quadratic expansion model most accurately captures Nigerian oil-agricultural exports are most clearly influenced by the oil boom; (c) the growth rate of capital-intensive agricultural exports are initially stimulated, and later stagnated by the oil boom, while the growth rate of subsidized labor intensive agricultural exports are first stagnated and then stimulated by the oil boom; and (d) the expansion method provides a useful alternative means of exploring theoretical and applied issues related to the Dutch Disease paradigm. the implications of the findings for agricultural and petroleum policy in Nigeria are assessed, and a research agenda for further booming-non-booming sector investigations is proposed.
- Research Organization:
- Ohio State Univ., Columbus, OH (United States)
- OSTI ID:
- 5366546
- Country of Publication:
- United States
- Language:
- English
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