NWABUEZE, GLORY CHIBUOKEOMA (2026) IMPACT OF ECONOMIC DIVERSIFICATION ON SUSTAINABLE DEVELOPMENT IN NIGERIA. Other thesis, Godfrey Okoye University, Enugu.
![[img]](https://eprints.gouni.edu.ng/style/images/fileicons/text.png) |
Text
IMPACT OF ECONOMIC DIVERSIFICATION ON SUSTAINABLE DEVELOPMENT IN NIGERIA' (1).docx Download (849kB) |
Abstract
This research analysed the effects of economic diversification on sustainable development in Nigeria for the period 1995-2023 using the Auto-Regressive Distributed Lag (ARDL) approach. Sustainable development was proxied by the Human Development Index (HDI), with export diversification and import diversification as independent variables. The control variables were Gross Domestic Product (GDP) and Population Growth Rate (POPG). The stationarity test of the variables was examined using the Augmented Dickey-Fuller (ADF) unit root test and the findings confirmed a mixed order of integration among the variables thereby justifying the use ARDL estimation method appropriate. The ARDL Bounds Test revealed that there was no evidence of a cointegration among the variables in the long run indicating economic diversification has not established a long-run stable effect on sustainable development in Nigeria. However, in the short run, export diversification and import diversification both exerted positive effects on sustainable development although the effects are not statistically significant showing that economic diversification has not been translated into significant welfare improvement. On the other hand, GDP exerted a positive but insignificant effect while population growth exerted a negative and statistically significant effect on sustainable development showing that increased population growth continues to pose a challenge to sustainable development in Nigeria. The model fits the data well and passed all necessary diagnostics. Based on the findings, the government should intensify efforts of promoting non-oil exports through fiscal policies and development of infrastructure, importation of capital goods and machinery to aid in production and accelerate industrialization process, and increase investments in education and health care and technical skills to match with the rapidly increasing population in Nigeria.
| Item Type: | Thesis (Other) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Natural Sciences and Environmental Studies |
| Depositing User: | MICHAEL MADUBUKO |
| Date Deposited: | 03 Sep 2026 12:05 |
| Last Modified: | 03 Sep 2026 12:05 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/6332 |
Actions (login required)
 |
View Item |
