Econometric modeling of the impacts of shipping on Nigeria economy
Date
2016-01
Journal Title
Journal ISSN
Volume Title
Publisher
Open Access International e-Journal
Abstract
The study is conducted to establish a quantitative relationship (model) between the impacts shipping on the economy of Nigeria and the Gross Domestic Product (GDP) using an econometric method and to test the significance of the impact. The econometric/analytical method of regression analysis was adopted to achieve the objective. Time series data of 10 years were collected on the past contributions of maritime transport to the national output (GDP) from the Central Bank of Nigeria annual statistical bulletin. Hypotheses were tested using t-test. The test showed the rejection of null hypothesis HA and the acceptance of null hypothesis HB to conclude that maritime transport has made significant impact on the Nigerian economy over the period covered by the study.
Description
The article has tables
Keywords
Econometric, modeling, impacts, maritime transport, economy, Nigeria, Department of Maritime management Technology
Citation
Nwokedi, T. C., Okoroji, L. I, & Igboanusi, C. C (2016).Econometric modeling of the impacts of shipping on Nigeria economy International Journal of Research in Commerce & Managment 1,(7), 58-61