Agricultural Output and Economic Growth in Nigeria
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IBIMA Publishing
Abstract
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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.
Keywords
HB Economic Theory