This study is designed to investigate on the impact of unemployment on the economic. This sector plays a pivotal role in the economy and exerts important effects on other sectors. The impact of the agricultural sector on nigeria economic growth performance 19802009 abstract the study set out to ascertain the extent to which agricultural sector has contributed to the growth of nigerian economy from 1980 to 2009. Abstract this study has attempted to measure the impact of agricultural output on economic growth. As a guide to the study, the following hypotheses were formulated. Examine the impact of livestock production on economic growth in nigeria. The fact that economic growth is necessary for sustained development, coupled with data limitation, informs our focus on investigating the contributions of agriculture to economic growth, as measured by gross domestic product gdp, in nigeria.
Nigerias agricultural, manufacturing and mining and quarrying sectors have played a continuous and. Examine the impact of crop production on economic growth in nigeria. In nigeria for instance, it affects sectors like labour productivity force, agricultural production, productivity in general or. Impact of macroeconomic policy on agricultural growth in. Agricultural output and economic growth in nigeria afolabi et al.
Growth in agricultural output can fuel growth in the nonagricultural economy through a variety of mechanisms, some direct and some indirect. A significant portion of the agricultural sector in nigeria involves cattle herding, fishing, poultry, and lumbering, which contributed more than 2 percent to the gdp in the 1980s. It was found that a significant relationship exist between government expenditure in the agricultural sector and the economic growth in nigeria. Macroeconomic policy and agricultural output in nigeria. Agricultural economy of india and macro economic effects. Agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries. In the 1970s, nigeria experienced a reallocation of resources from tradable sectors. This paper empirically examined the impact of agricultural output on economic development in nigeria using annual time series data spanning 1986 to 2014. This page provides nigeria gdp annual growth rate actual values, historical data, forecast, chart, statistics, economic.
Thus, this study seek to examine the relationship between agricultural credit and economic growth in nigeria between 1986 and 2014 using stationary, cointegration test and modified ordinary least square fmols approach. In an effort to improve output and economic growth, the federal government of nigeria has implemented several agriculture policies and programs. Saudi arabias nonoil output growth in the 1980s, despite the fact that the country was able. This paper therefore examined the impact of agricultural export on inclusive growth measured by per capita income in nigeria from 19812014 utilizing the dynamic ordinary least square dols estimation technique proposed by stock and watson 1993.
The impact of agricultural productivity on welfare growth of farm households in nigeria. The shortage of agricultural goods has its impact upon on industrial production and a consequent increase in the general price level. The growth of agricultural sector could be a catalyst for national output growth via its effect on rural incomes and provision of resources for transformation into an industrialized economy. Impact of agricultural financing on agricultural output. The study examined the impact of government expenditure on economic growth in nigeria, using the time frame 20002015 5 years. Role of agriculture in the economic development of a country. The impact of exchange rate on nigeria nonoil exports lawrence ehikioya imoughele1 mohammed ismaila2. Growth in agricultural output can fuel growth in the non agricultural economy through a variety of mechanisms, some direct and some indirect. By focusing on agricultural development, nigeria can speed up its economic growth in the coming decade 3. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the sector on the growth of the nigerian domestic economy. Impact of agricultural sector on nigeria economic growth and development 1981 2015.
Before the beginning of crude oil exports in 1978, agriculture accounted for about 30% of the. This work however examined effect of livestock production on agricultural output and economic growth, in nigerian economy. This study estimated the relationship between gross domestic product gdp and agricultural and nonagricultural exports for pakistan employing johansen cointegration technique by using secondary data for the period 19722008. The gross domestic product gdp in nigeria was worth 410 billion us dollars in 2019, according to official data from the world bank and projections from trading economics. The study examined the impact of agricultural output on economic growth in nigeria. The data were obtained from the cbn statistical bulletin and analysed using econometric methods being the ordinary least squares ols, cointegration, augumented. The impact of hivaids is on every facet of the economy, in fact, not only on productivity even the impact boils down to economic growth. Agricultural production and economic growth in nigeria.
Journal of agricultural economics and rural development, 32. Agriculture is the backbone of nigerias socioeconomic development. Macroeconomic factors and agricultural sector in nigeria. The impact of agricultural exports on economic growth in nigeria. The impact of agricultural sector on economic growth in. After two to three years the fertility of the soil. At this point in nigerias development, the best approach is to focus on the agricultural sector. The paper studies the impact of agricultural output on economic growth in nigeria. The main concern of this study is to analyze the impact of agricultural exports on macroeconomic performance of pakistan. The paper recommends amongst many other things that the government of nigeria should put in more efforts to diversify.
Impact of agricultural output volatility on economic. It is the foundation upon which the development of stable human communities, such as rural and urban communities has depended on in many parts of the world. Agricultural advancement is necessary for improving the supply of raw materials for the agrobased industries especially in developing countries. More specifically, the study sought to assess government expenditure and economic growth. Pdf impact of agricultural output volatility on economic. Mulubrhan amarea, jennifer denno cisseb, nathaniel d. The role of livestock production on agricultural sector in diversification of economy cannot be over emphasized, given that it guarantees food security of any nation. The impact of exchange rate on nigeria nonoil exports.
Agriculture is the backbone of nigeria s socioeconomic development. The method of data analysis is the ordinary least square. The fact that economic growth is necessary for sustained development, coupled with data limitation, informs our focus on investigating the contributions of agriculture to economic growth, as measured by. The study made use of secondary data from 19702004 sourced from various cbn publications and with the use of the ordinary least squares regression procedure, our estimates were determined. Nigeria agriculture, information about agriculture in nigeria. The ordinary least square regression method was used to analyze the data. Pdf the impact of agricultural output on economic growth. Between 1948 and 1994, the rate of growth in total factor productivity in agriculture was 1. Impact of the agricultural sector on nigerias economic growth. It involves and comprises of crop production, livestock and forestry, fishery, processing and marketing of those agricultural. During the period when agriculture was the dominant economic activity. Implications for food security and sustain the sector to play this assigned role with special emphasis on the attainment of a sustainable level in the production of basic food 11. Impact of agricultural sector on nigeria economic growth. It adopted the secondary data sourced from central bank of nigeria covering the period 1985 to 2010.
Impact of agricultural export on inclusive growth in nigeria. Agricultural economy of india and macroeconomic effects. Eboh professor of agricultural economics university of nigeria contents 1. The paper analyses the relationship between agricultural resource and economic growth in nigeria. The data was obtained from the central bank of nigeria cbn statistical bulletin, 2010 edition. Background of the study agriculture is concerned with the husbandry of crops and animals for food and other purposes. Effect of livestock production on agricultural output and. Agricultural output started to decline rapidly at a time which not only coincided with the end of nigeria civil war, but also with the period of oil boom of 1970s and severe drought of 1977 uk pong, 1991. Impact of agricultural development on the economic growth and development of nigeria, free undergraduate project topics. The study employed the modern time series of the ordinary least square to test for the relationship between agriculture and economic growth in nigeria. This approach accounts for present and past effects of agricultural export on inclusive growth. Some empirical results and a research agenda based on the literature 2011 anthony, 2010 e.
Assessment of the hivaids impact on the nigerian economy. Previous studies have concentrated on marketbased intersectoral linkages as the source of agriculture s contribution to economic growth. The impact of agricultural output on economic growth in. Government expenditure on agriculture and economic growth. The impact of unemployment on economic growth in nigeria pdf. Agricultural output and economic growth in nigeria. Enoma anthony 2010, business and economic journal, volume 2010. Research fellow, partnership for economic policy pep po. Aug 01, 2017 agricultural output and economic growth in nigeria afolabi et al.
The study investigated the contribution of agricultural sector output to the growth of domestic economy in nigeria for the period 19802014. The results revealed a positive cause and effect relationship between gross domestic product gdp and agricultural output in nigeria. The impact of agricultural productivity on welfare growth. The impact of unemployment on economic growth in nigerian. Economic development proxied by per capita income pci was explained by agricultural output aout and public agricultural expenditure pxa. The impact of agricultural output on economic development. This paper investigates the impact of agricultural exports on economic growth. This study relies heavily on the use of secondary data. Impact of agricultural financing on agricultural output, economic growth and poverty alleviation in nigeria egwu, patricia ngozi agric economics department, ebonyi state university, pmb 053 abakaliki, nigeria abstract this study examined the impact of agricultural financing on agricultural output, economic growth and poverty.
The impact of agricultural output on economic development in nigeria 19862014 article pdf available january 2016 with 10,878 reads how we measure reads. Agricultural output has no impact on economic growth in nigeria. Dec 17, 2015 impact of the agricultural sector on nigerias economic growth. This study estimated the relationship between gross domestic product gdp and agricultural and non agricultural exports for pakistan employing johansen cointegration technique by using secondary data for the period 19722008. Contribution of agriculture to economic growth in nigeria1. It is noteworthy that nigerias total agricultural land is.
Impact of the agricultural sector on nigerias economic. Agricultural sector performance and nigerias economic growth. Impact of agricultural financing on agricultural output, economic growth and poverty alleviation in nigeria. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the. It employed the ordinary least square technique and exponential generalized autoregressive conditional. This study investigated the impact of agriculture output volatility on economic growth in nigeria using time series data from 1970 20. Previous studies have concentrated on marketbased intersectoral linkages as the source of agricultures contribution to economic growth. Acta universitatis agriculturae et silviculturae mendelianae brunensis, 642. Impact of agricultural output volatility on economic growth in nigeria. In this sense, agricultural growth is the key impetus to the growth of underdeveloped and developing countries. Thus, this study seek to examine the relationship between agricultural credit and economic growth in nigeria between 1986 and 2014 using stationary, cointegration test and modified ordinary least. Agricultural output has an impact on economic growth in nigeria. Paradoxes and crossroads of multimodal nature professor eric c.
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