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Title: | Nigeria's Petro-Political Fluctuation |
Author: | Schatz, Sayre P. |
Year: | 1981 |
Periodical: | Issue |
Volume: | 11 |
Issue: | 1-2 |
Period: | Spring/Summer |
Pages: | 35-40 |
Language: | English |
Geographic term: | Nigeria |
Subjects: | business cycles petroleum Agriculture, Natural Resources and the Environment Economics and Trade Politics and Government Development and Technology |
External link: | https://www.jstor.org/stable/1166232 |
Abstract: | Oil has become Nigeria's engine of growth, replacing peasant agriculture. But the transmission system has its own peculiar rhythm. As managed by government, the oil revenues have produced an economic fluctuation comparable to the business cycle in the more developed capitalist economies. As in the classic business cycle, there appears to be at work a cyclical process which the author calls the Nigerian petro-political fluctuation, such that one economic fluctuation produces conditions which generate the next. The present article examines the workings of the petropolitical fluctuation during the years 1973-79. Notes, tab. |