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Research Article Open access CC BY 4.0

Impact of Fish Production on the Gross Domestic Product in Nigeria

Maria Chinecherem Uzonwanne, Catherine Chidinma Mbah, Francis Chukwudi Onyedibe, Chinasa Ifeoma Obi

Journal of Economics, Management and Trade · pp. 88–98 · Published 2 Jun 2023

10.9734/jemt/2023/v29i81117

Abstract

This study set out to analyze the impact of fish production on the gross domestic product (GDP) in Nigerian by using time series data ranging from 1981-2021. In the method, Solow version of Neo classical theory was used for theoretical framework. The study adopted ordinary least square techniques for the regression analysis. Aside the two main variables of this study which is fish production and GDP, some control variables was also used (Labour productivity and gross fixed capital formation) to control GDP. The main contribution of this study therefore lies in the result that shows that fish production and GFCF has positive and significant impact on economic growth in Nigeria while labour productivity has negative impact on the Nigeria economic growth. This means that labour productivity does not contribute to economic growth in Nigeria. Hence, the study recommends that the Nigerian government should encourage fish production in order to bring more inflow of funds which will help to trigger economic growth. This as a matter of fact could be achieved by reducing the contamination of the seas and oceans for a better output of aqua products in Nigeria.

Fish production gross domestic product Nigerian economy

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