Attaining Sustainable Growth in Nigeria: Any Role for Solid Mineral Development?

Richardson Kojo Edeme (), ThankGod Chibuzor Onoja () and Dateer Dayi Damulak ()

Academic Journal of Economic Studies, 2018, vol. 4, issue 1, 105-110

Abstract: Using time series such as GDP per capita, solid minerals output, foreign trade balance, domestic interest rate, inflation, and gross domestic savings, for the period 1960-2015. the Linear Growth Regression model adopted for this study indicates that solid minerals positively impact on sustainable growth and is statistically significant. The study also found that solid mineral is highly significant but negatively related with foreign exchange due largely to illegal migration of mineral commodities across the borders of the country. In view of this, there is need for conscious inter-agency collaboration to track the volume of mineral resources illegally escaping the shores of the country without being accounted for. Besides, there should be more attention on developing the solid mineral sector to help insulate the economy from the vagaries of the present economic woes given the rising demand in solid mineral resources globally.

Keywords: Solid minerals; sustainable growth; foreign trade balance; domestic interest rate; gross domestic savings; linear growth regression model (search for similar items in EconPapers)
JEL-codes: Q01 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_152.pdf (application/pdf)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_152.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:4:y:2018:i:1:p:105-110

Access Statistics for this article

More articles in Academic Journal of Economic Studies from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Adi Sava ().