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Agricultural Output and Economic Growth in Nigeria

Ewetan, Olabanji and Fakile, Adebisi and Urhie, Ese S and Odunatan, Emmanual (2017) Agricultural Output and Economic Growth in Nigeria. Journal of African Research in Business & Technology, 2017 (516093).

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Abstract

This paper examines the long run relationship between agricultural output and economic growth in Nigeria for the period 1981 to 2014 using time series data. Results from Johansen maximum likelihood co-integration approach and Vector error correction model support evidence of long run relationship between agricultural output and economic growth in Nigeria. Granger causality test also confirms the co-integration results indicating the existence of causality between agricultural output and economic growth in Nigeria. The nature of the causality however depends on the variable used to measure Agricultural output. The paper therefore recommends that the government should further strengthen agricultural policies in the area of funding, storage facilities, and market access to enhance agricultural production. Policy Strategies that will make agriculture more profitable and attractive, less laborious with improved technology should be adopted and promoted to attract investors and the youths back to agriculture.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Dr Ese Urhie
Date Deposited: 16 Jun 2017 14:12
Last Modified: 16 Jun 2017 14:12
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8235

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