The Impact of Conflict and Security Budget for Conflict Management on Gross Domestic Product in Nigeria
International Journal of Business and Economics Research
Volume 3, Issue 1, February 2014, Pages: 29-36
Received: Dec. 30, 2013; Published: Mar. 20, 2014
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Ijeoma, N. B., Department of Accountancy, Nnamdi Azikiwe University, Awka-Nigeria
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Abstract
This study assessed the impact of conflict and security budget for conflict management on gross domestic product in Nigeria. Secondary source of data gathered from published articles on peace and development, internet reports on conflicts, publications from the Federal Ministry of Finance and National Bureau of Statistics from 2000-2012 was employed. The statistical tools used to analyze the data include regression analysis, correlation analysis and the line graph analysis. From the result of the analysis it was observed that incidence of conflict and gross domestic product has a positive correlation with an association measure of 68%. Also, it was found that incidence of conflict contributed significantly to the behavior of gross domestic product and it was found that increase on incidence of conflict reduces the gross domestic product of Nigeria. The existence of a strong positive correlation was found between security budget for conflict management and gross domestic product with an association measure of 72.7%. It was equally found that security budget for conflict management contributed significantly to the behavior of gross domestic product in Nigeria. The result explained further that as security budget increases gross domestic product increases. This result implies that as more money is been budgeted for conflict management, gross domestic product increases in turn; since there will be less of conflict and greater room for economic development.
Keywords
Conflict, Gross Domestic Product, Security Budget, Economic Development, Conflict management
To cite this article
Ijeoma, N. B., The Impact of Conflict and Security Budget for Conflict Management on Gross Domestic Product in Nigeria, International Journal of Business and Economics Research. Vol. 3, No. 1, 2014, pp. 29-36. doi: 10.11648/j.ijber.20140301.14
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