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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
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.
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