期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：03
页码：01-08
出版社：Society for Business Research Promotion
摘要：This paper delved deeper into the econometric analysis of the extent to which oil revenues has affected standard of living in Nigeria. The study used quasi-experimental research design approach and time series secondary data for the data analysis. The time series secondary data used for the study were tested for stationarity and co-integration and were processed by an E-view for windows econometric packages. The multiple regression results showed a significant and negative relationship between oil revenues and standard of living in Nigeria. The study confirms the existence of growth without development and ‘Dutch disease’ in Nigeria. Our findings and conclusion support the need for the government to be more transparent in accounting and reporting the revenues accruable from oil. In complement of the above, there is need to revisit the revenue allocation formulae and give preference to the grassroots where poverty is more pronounced. More generally, the Nigerian policy makers should focus attention on poverty reduction policies and strategies and embark on even distribution of the national income through wage legislation and taxation. Full Text
