文章基本信息

标题：THE IMPACT OF OIL RESOURCE ABUNDANCE ON BUILDING AND CONSTRUCTION INVESTMENT IN NIGERIA
本地全文：下载
作者：Augustine C. Osigwe
期刊名称：International Journal of Economics and Society
印刷版ISSN：2376-3973
电子版ISSN：2377-8881
出版年度：2015
期号：1
页码：14-17
语种：English
出版社：ICES Foundation
摘要：This study empirically evaluated the impact of Oil Resource Abundance (ORA) on the building and construction sector investment (BCI) in Nigeria. Two Stage Least Squares (2-SLS) and the Three Stage Least Squares (3- SLS) methods of estimation were adopted in estimating the empirical model. The results revealed that ORA has a positive but insignificant effect on BCI. The degree of responsiveness of BCI to a 1% change in ORA is 0.15%. MANI positively and significantly affected BCI. The magnitude of the sensitivity of BCI to 1% change in MANI is 1.09%. REXR has positive but insignificant effect on BCI. The results further showed that the price level significantly determine the size of BCI. 1% change in the price level causes investment in the building and construction sector to drop by about 3.6%. RGDP significantly and positively affects BCI. A 1% increase in RGDP results into 3.51% increase in BCI. Finally, a 1% rise in RIR reduces BCI by about 2.3 %