Saka, N and Lowe, J G (2010) The impact of the petroleum sector on the output of the Nigerian construction sector. Construction Management and Economics, 28(12), pp. 1301-1312. ISSN 1466433X
Abstract
The petroleum sector plays an important role in the Nigerian economy, as it is the single largest revenue earner of the country and one of the largest contributors to the gross domestic product (GDP). This study estimated the impact of petroleum and gas revenue on the performance of the construction sector using a polynomial distributed lag model. We extracted data on the petroleum and gas sector (PGS), the GDP and construction sector output (CNS) for this study from the Central Bank of Nigeria (CBN) Statistical Bulletin. The analysis employed econometric methodology, which includes testing for stationarity and co-integration as well as estimating the distributed lag model. The result shows that the petroleum and gas revenue significantly affected construction output for three consecutive years starting from their year of occurrence. The study concluded that the PGS has a far-reaching impact on the growth and development of the construction sector. It therefore recommends supporting the channelling of funds from the petroleum sector into development of constructed facilities infrastructure.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction sector; econometrics; gross domestic product; Nigeria |
| Index terms: | gross domestic product, Nigeria, econometric, testing, revenue, integration, methodology, estimating, construction output, construction sector |
| Subjects: | research methods, Geography, organizational analysis, industry analysis, operations management, financial and cost management, economic analysis, professional practice |
| Topics: | Organizational Design, Cost Management, Business Strategy, Engineering Principles, Geographical Context, Project Management, Research Practice |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here