The effects of forests on economic growth in Nigeria (1990 - 2015)

• Autorzy: Oyetunji P.O.
• Języki publikacji: EN

Abstrakty

EN

This study empirically examines the impact of forests on economic growth in Nigeria for the period of 1990 to 2015. Unit root tests were carried out using the Augmented Dickey Fuller (ADF) test, while the Bounds cointegration test was used to establish a long run relationship between the forests and other independent variables and economic growth. An Error Correction Model (ECM) was also employed to determine the nature of the long run relationship. The findings show that forests have a positive effect on economic growth, however, this is not statistically significant. This study recommends that the government should intensify its efforts in the forestry sector so as to improve the productivity of forest resources in Nigeria. Moreover, the Nigerian government should discourage illegal felling of trees and the importation of timber products, as well as engage and develop the rural communities to reduce the pressure on forest resources and ensure sustainable use. The study also recommends the sustainable use of forest resources through ecotourism and the development of the forestry value chain in Nigeria.

• Wydawca: -
• Czasopismo: World News of Natural Sciences
• Rocznik: 2019
• Tom: 23
• Opis fizyczny: p.254-265,fig.,ref.

Twórcy

autor

Oyetunji P.O.

• Onigambari Research Station, Forestry Research Institute of Nigeria, Ibadan, Nigeria

Bibliografia

• [1] Adejumo AA., Impacts of Forest Plantation Management on Forest Dwellers in South-western Nigeria. Journal of Forestry Research and Management 14 (1) (2017) 1-22
• [2] Adeniyi PA, Environmental Sustainability and Conservation of Nigeria Forest Reserves. Journal of Geography, Environment and Earth Science International 6(1): 1-9, 2016; Article no.JGEESI.25958
• [3] Aigbe HI. and Oluku SO, Depleting Forest Resources of Nigeria and Its Impact on Climate. Journal of Agriculture and Social Research Vol. 12, No. 2, 2012.
• [4] Anyanwu JC, Factors Affecting Economic Growth in Africa: Are There any Lessons from China? African Development Review, Vol. 26, No. 3, 2014, 468–493
• [5] Chambers D, Guo J, Natural Resources and Economic Growth: Some Theory and Evidence. Annals of Economics and Finance 10-2, 367–389 (2009).
• [6] Ehiagbanare JE, Economic contributions of the forest to the economy of Edo State, Nigeria. African Journal of Agricultural Research Vol. 2 (11), pp. 583-586, November 2007.
• [7] Emeghara EE, Forestry: A Veritable Tool for Sustainable Rural Development in Nigeria. Int’l Journal of Agric. and Rural Dev. Volume 15 (1): 953-957, 2012.
• [8] Idumah FO, Awe F, Contribution of Timber Exports to Economic Growth in Nigeria: An Econometric Analysis. Journal of Research in Forestry, Wildlife & Environment Vol. 9(4), December, 2017.
• [9] Jaunky VC, Lundmark R, Forest Product Exports and Economic Growth: Evidence from Rich Countries. The Journal of Developing Areas, Volume 50, Number 4, Fall 2016, pp. 443-458.
• [10] Kalu C, Okojie CEE, Economic Contributions of Forests in Nigeria 1970 – 2000. Research Journal of Social Sciences, 4: 69-73, 2009.
• [11] Masoud N, A contribution to the theory of economic growth: Old and New. Journal of Economics and International Finance, Vol. 6(3), pp. 47-61, March, 2014 DOI: 10.5897/JEIF2013.0518.
• [12] Obasi FA, Agbo FU, Onyenekwe CS, Environmental and socio – economic Effects of Timber Harvesting in Ebonyi State, Nigeria. African Journal of Agricultural Research, Vol. 10(11), pp. 1233-1238, 12 March, 2015 DOI: 10.5897/AJAR2014.9461
• [13] Ogunwusi AA. The Forests Products Industry in Nigeria. African Research Review Vol. 6 (4), Serial No. 27, October, 2012
• [14] Ojo LO. The Fate of a Tropical Rainforest in Nigeria: Abeku Sector of Omo Forest Reserve. Global Nest: the Int. J. Vol 6, No 2, pp 116-130, 2004.
• [15] Oriola EO, Forestry for Sustainable Development of Nigeria. International Journal of African Studies Issue 1 (2009), pp. 11-16
• [16] Pearce DW, The Economic Value of Forest Ecosystems. Ecosystem Health, 7(4), 284-296. doi:10.1046/j.1526-0992.2001.01037.x