Impact of Macroeconomic Policies on Capture Fishery in Nigeria, (1970-2000)

Idongesit Udousung
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Impact of Macroeconomic Policies on Capture Fishery in Nigeria, (1970-2000)

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Abstract

The major objective of the study was to analyze the impact of policies on capture fishery in Nigeria (1970Nigeria ( -2000)). The specific objectives were to assess the performance of capture fishery under different policy regimes; to identify factors that influence capture fishery output; and to draw policy implications of the Central Bank of Nigeria namely, the Statistical Bulletin, Annual Report and Statement of Accounts, Financial Review (various issues) and Nigeria Trade Summary published by Federal Office of the Statistics. The data obtained were analyzed using the Error Correction Model (ECM). The result of the ECM confirms the existence of longrun equilibrium between the dependent and independent variables. Available information reveals policy instability and duplication of programmes and projects under different policies. Analysis also shows fluctuation of capture fishery output over the years. Growth rates of fish output was found to be highest between 1996 -2000. The ADF test indicates stationarity one-difference lagged length, except government expenditure. The policy variables included in the model were found to explain 34.8% of the variability in fish output.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Idongesit Udousung. 1970. "Impact of Macroeconomic Policies on Capture Fishery in Nigeria, (1970-2000)". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 12 (GJMBR Volume 12 Issue B20).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
capture fisheryMacroeconomicNigeriapolicies
Classification
GJMBR-B Classification FOR Code:140202
140212 JEL Code E63
  • Submission ReceivedDecember 16, 2011
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 4, 2012
  • Published January 15, 2012
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v1.2

Language
English
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Impact of Macroeconomic Policies on Capture Fishery in Nigeria, (1970-2000)

Idongesit Udousung
Idongesit Udousung Akwa Ibom State University
  • Submission ReceivedDecember 16, 2011
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 4, 2012
  • Published January 15, 2012