From oil shortage to oil glut: Simulation of growth prospects in the Nigerian economy
During the 1970s, the economy of Nigeria provided one of the most interesting cases of development financed through oil revenue. Between 1970 and 1980, the country's GNP grew at an outstanding rate—after the transition from oil shortage to oil glut, the economy of Nigeria ran into dramatic fina...
Gespeichert in:
| Veröffentlicht in: | J. Policy Model.; (United States) 1983-11, Vol.5 (3), p.363-378 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 378 |
|---|---|
| container_issue | 3 |
| container_start_page | 363 |
| container_title | J. Policy Model.; (United States) |
| container_volume | 5 |
| creator | Olofin, S. Iyaniwura, J.O. |
| description | During the 1970s, the economy of Nigeria provided one of the most interesting cases of development financed through oil revenue. Between 1970 and 1980, the country's GNP grew at an outstanding rate—after the transition from oil shortage to oil glut, the economy of Nigeria ran into dramatic financial difficulties, which are now placing major constraints to its development. To investigate the transition from an oil-based economy to a stage characterized by greater diversification of exports and more balanced sectoral growth, a model has been built by the University of Ibadan in Nigeria. The model was developed in association with Project LINK staffing for the future inclusion in the Project. According to the finding presented in the study, the annual growth rate of GDP of Nigeria between 1980 and 1988 will be around 2.5 percent. To compensate the drop of the foreign exchange earnings caused by the contraction of oil prices and demand, a vigorous export drive of agricultural products is simulated. |
| doi_str_mv | 10.1016/0161-8938(83)90003-0 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_osti_</sourceid><recordid>TN_cdi_proquest_journals_196958663</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>0161893883900030</els_id><sourcerecordid>1295034325</sourcerecordid><originalsourceid>FETCH-LOGICAL-c485t-980126d2a3785adf65fd3f93be700d2b2569579f53fa648a5328f2a771eea7a13</originalsourceid><addsrcrecordid>eNp9UU1v1DAQjRCVWFr-AQcLLnAIteP4iwNSVdFSqSoH4Gy5yXjjVRIH21u0_55JF5UTHJ7Glt-befNcVa8Z_cAok-cIVmvD9TvN3xtKKa_ps2rDtOK1ppI-rzZPlBfVy5x3yBH4sql-XKU4kRhGkoeYitsCKfHxvh335SP5Fqb96EqIM4mebFP8VQaypJgX6EomYSZlAHIXtpCCmwl0cY7T4aw68W7M8OpPPcU5n79ffqlvv17fXF7c1l2rRamNpqyRfeO40sL1Xgrfc2_4PShK--a-EdIIZbzg3slWO8Eb7RunFANwyjF-Wr059o25BJu7UKAb0MKM5qxocXWu_pLQ9s895GJ3cZ9m9GWZwQFaSo6kt_8kNUZQ3vJGIKs9sjpMICfwdklhculgGbXrV9g1Z7vmbDW3j19hKcpujrIEGNuTBgB2SxynaB8sdwJxQDCDSu4CYq3LWiWelLZDmbDXp2MvwFwfAqR1bZg76ENat-5j-L-Z30hXptk</addsrcrecordid><sourcetype>Open Access Repository</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1295034325</pqid></control><display><type>article</type><title>From oil shortage to oil glut: Simulation of growth prospects in the Nigerian economy</title><source>RePEc</source><source>Elsevier ScienceDirect Journals</source><source>Periodicals Index Online</source><creator>Olofin, S. ; Iyaniwura, J.O.</creator><creatorcontrib>Olofin, S. ; Iyaniwura, J.O. ; Univ. of Ibadan, Nigeria</creatorcontrib><description>During the 1970s, the economy of Nigeria provided one of the most interesting cases of development financed through oil revenue. Between 1970 and 1980, the country's GNP grew at an outstanding rate—after the transition from oil shortage to oil glut, the economy of Nigeria ran into dramatic financial difficulties, which are now placing major constraints to its development. To investigate the transition from an oil-based economy to a stage characterized by greater diversification of exports and more balanced sectoral growth, a model has been built by the University of Ibadan in Nigeria. The model was developed in association with Project LINK staffing for the future inclusion in the Project. According to the finding presented in the study, the annual growth rate of GDP of Nigeria between 1980 and 1988 will be around 2.5 percent. To compensate the drop of the foreign exchange earnings caused by the contraction of oil prices and demand, a vigorous export drive of agricultural products is simulated.</description><identifier>ISSN: 0161-8938</identifier><identifier>EISSN: 1873-8060</identifier><identifier>DOI: 10.1016/0161-8938(83)90003-0</identifier><identifier>CODEN: JPMOD5</identifier><language>eng</language><publisher>New York: Elsevier Inc</publisher><subject>02 PETROLEUM ; 020700 - Petroleum- Economics, Industrial, & Business Aspects ; 290200 - Energy Planning & Policy- Economics & Sociology ; 294002 - Energy Planning & Policy- Petroleum ; AFRICA ; DEVELOPING COUNTRIES ; DIVERSIFICATION ; ECONOMETRICS ; ECONOMIC DEVELOPMENT ; Economic growth ; ECONOMIC IMPACT ; Economic models ; ECONOMICS ; Economy ; ENERGY PLANNING, POLICY AND ECONOMY ; EXPORTS ; GDP ; Gross Domestic Product ; NIGERIA ; Oil ; OIL-EXPORTING COUNTRIES ; Simulation</subject><ispartof>J. Policy Model.; (United States), 1983-11, Vol.5 (3), p.363-378</ispartof><rights>1983</rights><rights>Copyright Elsevier Sequoia S.A. Nov 1983</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c485t-980126d2a3785adf65fd3f93be700d2b2569579f53fa648a5328f2a771eea7a13</citedby><cites>FETCH-LOGICAL-c485t-980126d2a3785adf65fd3f93be700d2b2569579f53fa648a5328f2a771eea7a13</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/0161893883900030$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,881,3537,3994,27846,27901,27902,65306</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeejpolmo/v_3a5_3ay_3a1983_3ai_3a3_3ap_3a363-378.htm$$DView record in RePEc$$Hfree_for_read</backlink><backlink>$$Uhttps://www.osti.gov/biblio/5406037$$D View this record in Osti.gov$$Hfree_for_read</backlink></links><search><creatorcontrib>Olofin, S.</creatorcontrib><creatorcontrib>Iyaniwura, J.O.</creatorcontrib><creatorcontrib>Univ. of Ibadan, Nigeria</creatorcontrib><title>From oil shortage to oil glut: Simulation of growth prospects in the Nigerian economy</title><title>J. Policy Model.; (United States)</title><description>During the 1970s, the economy of Nigeria provided one of the most interesting cases of development financed through oil revenue. Between 1970 and 1980, the country's GNP grew at an outstanding rate—after the transition from oil shortage to oil glut, the economy of Nigeria ran into dramatic financial difficulties, which are now placing major constraints to its development. To investigate the transition from an oil-based economy to a stage characterized by greater diversification of exports and more balanced sectoral growth, a model has been built by the University of Ibadan in Nigeria. The model was developed in association with Project LINK staffing for the future inclusion in the Project. According to the finding presented in the study, the annual growth rate of GDP of Nigeria between 1980 and 1988 will be around 2.5 percent. To compensate the drop of the foreign exchange earnings caused by the contraction of oil prices and demand, a vigorous export drive of agricultural products is simulated.</description><subject>02 PETROLEUM</subject><subject>020700 - Petroleum- Economics, Industrial, & Business Aspects</subject><subject>290200 - Energy Planning & Policy- Economics & Sociology</subject><subject>294002 - Energy Planning & Policy- Petroleum</subject><subject>AFRICA</subject><subject>DEVELOPING COUNTRIES</subject><subject>DIVERSIFICATION</subject><subject>ECONOMETRICS</subject><subject>ECONOMIC DEVELOPMENT</subject><subject>Economic growth</subject><subject>ECONOMIC IMPACT</subject><subject>Economic models</subject><subject>ECONOMICS</subject><subject>Economy</subject><subject>ENERGY PLANNING, POLICY AND ECONOMY</subject><subject>EXPORTS</subject><subject>GDP</subject><subject>Gross Domestic Product</subject><subject>NIGERIA</subject><subject>Oil</subject><subject>OIL-EXPORTING COUNTRIES</subject><subject>Simulation</subject><issn>0161-8938</issn><issn>1873-8060</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1983</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>K30</sourceid><recordid>eNp9UU1v1DAQjRCVWFr-AQcLLnAIteP4iwNSVdFSqSoH4Gy5yXjjVRIH21u0_55JF5UTHJ7Glt-befNcVa8Z_cAok-cIVmvD9TvN3xtKKa_ps2rDtOK1ppI-rzZPlBfVy5x3yBH4sql-XKU4kRhGkoeYitsCKfHxvh335SP5Fqb96EqIM4mebFP8VQaypJgX6EomYSZlAHIXtpCCmwl0cY7T4aw68W7M8OpPPcU5n79ffqlvv17fXF7c1l2rRamNpqyRfeO40sL1Xgrfc2_4PShK--a-EdIIZbzg3slWO8Eb7RunFANwyjF-Wr059o25BJu7UKAb0MKM5qxocXWu_pLQ9s895GJ3cZ9m9GWZwQFaSo6kt_8kNUZQ3vJGIKs9sjpMICfwdklhculgGbXrV9g1Z7vmbDW3j19hKcpujrIEGNuTBgB2SxynaB8sdwJxQDCDSu4CYq3LWiWelLZDmbDXp2MvwFwfAqR1bZg76ENat-5j-L-Z30hXptk</recordid><startdate>19831101</startdate><enddate>19831101</enddate><creator>Olofin, S.</creator><creator>Iyaniwura, J.O.</creator><general>Elsevier Inc</general><general>Elsevier</general><general>North-Holland</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>JILTI</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>OTOTI</scope></search><sort><creationdate>19831101</creationdate><title>From oil shortage to oil glut: Simulation of growth prospects in the Nigerian economy</title><author>Olofin, S. ; Iyaniwura, J.O.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c485t-980126d2a3785adf65fd3f93be700d2b2569579f53fa648a5328f2a771eea7a13</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1983</creationdate><topic>02 PETROLEUM</topic><topic>020700 - Petroleum- Economics, Industrial, & Business Aspects</topic><topic>290200 - Energy Planning & Policy- Economics & Sociology</topic><topic>294002 - Energy Planning & Policy- Petroleum</topic><topic>AFRICA</topic><topic>DEVELOPING COUNTRIES</topic><topic>DIVERSIFICATION</topic><topic>ECONOMETRICS</topic><topic>ECONOMIC DEVELOPMENT</topic><topic>Economic growth</topic><topic>ECONOMIC IMPACT</topic><topic>Economic models</topic><topic>ECONOMICS</topic><topic>Economy</topic><topic>ENERGY PLANNING, POLICY AND ECONOMY</topic><topic>EXPORTS</topic><topic>GDP</topic><topic>Gross Domestic Product</topic><topic>NIGERIA</topic><topic>Oil</topic><topic>OIL-EXPORTING COUNTRIES</topic><topic>Simulation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Olofin, S.</creatorcontrib><creatorcontrib>Iyaniwura, J.O.</creatorcontrib><creatorcontrib>Univ. of Ibadan, Nigeria</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 32</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>OSTI.GOV</collection><jtitle>J. Policy Model.; (United States)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Olofin, S.</au><au>Iyaniwura, J.O.</au><aucorp>Univ. of Ibadan, Nigeria</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>From oil shortage to oil glut: Simulation of growth prospects in the Nigerian economy</atitle><jtitle>J. Policy Model.; (United States)</jtitle><date>1983-11-01</date><risdate>1983</risdate><volume>5</volume><issue>3</issue><spage>363</spage><epage>378</epage><pages>363-378</pages><issn>0161-8938</issn><eissn>1873-8060</eissn><coden>JPMOD5</coden><abstract>During the 1970s, the economy of Nigeria provided one of the most interesting cases of development financed through oil revenue. Between 1970 and 1980, the country's GNP grew at an outstanding rate—after the transition from oil shortage to oil glut, the economy of Nigeria ran into dramatic financial difficulties, which are now placing major constraints to its development. To investigate the transition from an oil-based economy to a stage characterized by greater diversification of exports and more balanced sectoral growth, a model has been built by the University of Ibadan in Nigeria. The model was developed in association with Project LINK staffing for the future inclusion in the Project. According to the finding presented in the study, the annual growth rate of GDP of Nigeria between 1980 and 1988 will be around 2.5 percent. To compensate the drop of the foreign exchange earnings caused by the contraction of oil prices and demand, a vigorous export drive of agricultural products is simulated.</abstract><cop>New York</cop><pub>Elsevier Inc</pub><doi>10.1016/0161-8938(83)90003-0</doi><tpages>16</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0161-8938 |
| ispartof | J. Policy Model.; (United States), 1983-11, Vol.5 (3), p.363-378 |
| issn | 0161-8938 1873-8060 |
| language | eng |
| recordid | cdi_proquest_journals_196958663 |
| source | RePEc; Elsevier ScienceDirect Journals; Periodicals Index Online |
| subjects | 02 PETROLEUM 020700 - Petroleum- Economics, Industrial, & Business Aspects 290200 - Energy Planning & Policy- Economics & Sociology 294002 - Energy Planning & Policy- Petroleum AFRICA DEVELOPING COUNTRIES DIVERSIFICATION ECONOMETRICS ECONOMIC DEVELOPMENT Economic growth ECONOMIC IMPACT Economic models ECONOMICS Economy ENERGY PLANNING, POLICY AND ECONOMY EXPORTS GDP Gross Domestic Product NIGERIA Oil OIL-EXPORTING COUNTRIES Simulation |
| title | From oil shortage to oil glut: Simulation of growth prospects in the Nigerian economy |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-28T14%3A52%3A33IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_osti_&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=From%20oil%20shortage%20to%20oil%20glut:%20Simulation%20of%20growth%20prospects%20in%20the%20Nigerian%20economy&rft.jtitle=J.%20Policy%20Model.;%20(United%20States)&rft.au=Olofin,%20S.&rft.aucorp=Univ.%20of%20Ibadan,%20Nigeria&rft.date=1983-11-01&rft.volume=5&rft.issue=3&rft.spage=363&rft.epage=378&rft.pages=363-378&rft.issn=0161-8938&rft.eissn=1873-8060&rft.coden=JPMOD5&rft_id=info:doi/10.1016/0161-8938(83)90003-0&rft_dat=%3Cproquest_osti_%3E1295034325%3C/proquest_osti_%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1295034325&rft_id=info:pmid/&rft_els_id=0161893883900030&rfr_iscdi=true |