Government expenditure on agriculture and economic growth. Actual and percentage share of oil and nonoil export earnings in nigeria 33 list of figures 1. The main type of data used in this study is secondary. Agriculture contributes to poverty reduction because it provides employment to the.
There existed strong evidence for long run granger causality in all countries. Both the longrun and the shortrun results reveal that, cocoa export has a positive and. However, food imports, diversion of funds meant for agricultural purposes and low technology diffusion in agriculture are among the factors identified as constraints to agricultural development in nigeria. Since the late 1960s it has been based primarily on the petroleum industry. 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. Gayi, head, special unit on commodities suc, until his retirement in. This study will examine the relative impact of oil and nonoil export on economic growth in nigeria. 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. Impact of agricultural development on the economic growth and development of nigeria, free undergraduate project topics, research materials, education project topics, economics project topics, computer science project topics, hire a data analyst. It involves and comprises of crop production, livestock and forestry, fishery, processing and marketing of those agricultural. Agricultural production and economic growth in nigeria 209 quarterly journal of international agriculture 53 2014, no. This will give additional evidence on the contribution of agriculture to economic growth on nigeria.
This is because only a few scholars have paid atention in t terms of empirical studies to the impact of agricultural exports on economic growth 1522. Paper open access agricultural exports and economic. Role of agriculture in the economic development of a country. Impact of foreign direct investment on nigeria economic. Uniprojects aim of providing impact of nonoil export on economic growth in nigeria project research material is to reduce the stress of moving from one school library to another all in the name of searching for. Agriculture is the backbone of nigeria s socioeconomic development. The impact of oil on nigerias economic policy formulation by biodun adedipe, ph. The nigerian economy is one of the largest in africa. In fact, over the past decade, cameroon, like other countries in subsaharan africa ssa, has experienced a dramatic decrease in export growth in general, and agricultural exports in particular, causing problems that need to be solved urgently amin, a. Contribution of agricultural exports to economic growth in. Get free research paper on impact of agricultural development on economic growth of nigeriaproject topics and materials in nigeria. The impact of economic downturn on the performance of.
This paper investigates the impact of agricultural exports on. This paper investigates the impact of agricultural exports on economic. A study of agricultural and mineral resources exports have been described as catalysts for overall development and increase the earnings of the country thereby creating an avenue for growth by raising the national income of the country. Department of agricultural economics obafemi awolowo university oleife, nigeria. Agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries. The importance of this study stems from the role of agriculture in nigerian economy based on its size, potential and prospects. On the other hand, cocoa export was found to have a negative and insignificant effect on economic growth. He found the same results which confirm that in the long run exports have negative impact on economic growth and imports have a positive impact on economic growth. Coffee export and banana export has a positive and significant relationship with economic growth. Adedipe associates limited, victoria island, lagos, nigeria. All intext references underlined in blue are added to the original document and are linked to publications on researchgate, letting you access and read them immediately. This is approved for students in accountancy, business, computer science, economics, engineering, arts. Download the full project work from chapter one to five including references. In this sense, agricultural growth is the key impetus to the growth of underdeveloped and developing countries.
The impact of agricultural output on economic growth in. Pdf the impact of agricultural exports on economic. Impact of the agricultural sector on nigerias economic growth. All in text references underlined in blue are added to the original document and are linked to publications on researchgate, letting you access and read them immediately. This study empirically examined the impact of government expenditure on agriculture on economic growth in nigeria over the years. From the above cited explanation we conclude that agricultural development is a must for the economic development of a country.
Impact of agricultural sector on nigeria economic growth and development 1981 2015. The main concern of this study is to analyze the impact of agricultural exports on. Please, sit back and study the below research material carefully. Average annual growth rates of 34 per cent were achieved for agricultural and food crops. The user has requested enhancement of the downloaded file. Over the past decades, the value of merchandise export from.
A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services. It is in the light of this that this study sets out to examine the impact of agricultural export on nigerias economic growth. The study investigated the contribution of agricultural sector output to the growth of domestic economy in nigeria for the period 19802014. Contribution of agriculture to economic growth in nigeria1. Agricultural sector performance and nigerias economic growth. Exports from nigeria soared 48 percent yearonyear to ngn 1,396 million in december of 2019, driven by shipments of manufactured products 1180 percent and crude oil 14. Because this led to a great influx of rural people into the larger urban centres. Statistical bulletin, annual reports and statement of accounts. The paper studies the impact of agricultural output on economic growth in nigeria. Enoma anthony 2010, business and economic journal, volume 2010.
The impact of agricultural trade on economic growth in north africa. Effect of economic integration on agricultural export. Government expenditure on agriculture and economic growth in nigeria ebere, chidinma1, osundina, kemisola c2 department of economics, banking and finance, babcock university, ogun state, nigeria abstract. The central bank of nigerias recent decree that banks hold loandeposit ratios of 60% bodes well for increasing lending to the real sector. Commodity markets, economic growth and development acknowledgments the commodities and development report 2017 is a joint publication prepared by unctad and the fao. Agricultural production and economic growth in nigeria. Impact of nonoil export on economic growth in nigeria project material.
This paper investigates the impact of agricultural exports on economic growth. This study examined the impact of agricultural protection and other macroeconomic variables on agricultural growth in nigeria from 1980 to 2016. This study seeks to analyze and quantify the impact of the selected agricultural products exports on the peruvian economic growth using an annual time series data from 1998 to 2016 obtained from. Impact of agricultural sector on nigeria economic growth. Economic growth is the dependent variable, and is proxied by the real gross domestic product, the explanatory variables include. The study analyzed the impact of foreign direct investment on nigeria economic growth over the period of 1999 20. Impact of the agricultural sector on nigerias economic. The effect of agricultural exports on economic growth in south. Currently, nigeria has 75 percent of its land suitable for agriculture, but only 40% is cultivated. Endogenous growth models show that imports can be a channel for longran economic growth because it provides domestic firms with access to needed intermediate and foreign technology coe and helpman, 1995. The ordinary least square regression method was used to analyze the data. The importance, effect, causes, relationship, comparison, history, role, solutions are discussed.
The effect of agricultural exports on economic growth in. The main concern of this study is to analyze the impact of agricultural exports on macroeconomic performance of pakistan. Agricultural exports and economic growth in nigeria iopscience. The paper analyses the relationship between agricultural resource and economic growth in nigeria. The impact of agricultural trade on economic growth in. Pdf agriculture is the backbone of nigerias socioeconomic development. Agricultural output and economic growth in nigeria. Agricultural exports, economic growth, correlation analysis. Background of the study agriculture is concerned with the husbandry of crops and animals for food and other purposes. Global economic downturn has significant impact on the agriculture sector export performance of the nigerian economy. This paper investigates the impact of agricultural exports on economic growth in nigeria using ols regression, granger causality. In our economy today we are privileged to make use of the advanced world countries products having risen from improved or advanced technologies of the world.
The impact of agricultural exports on economic growth in nigeria. Granger causality results support the hypothesis that agricultural exports led economic growth in nigeria. This page provides nigeria gdp annual growth rate actual values, historical data, forecast, chart, statistics, economic. Government revenues depended heavily on agricultural export taxes, and both the current account and fiscalbalances depended to. In this way, agricultural sector helps promote economic growth by securing as a supplement to industrial sector. The result shows that the overall regression was statistically significant at. Agricultural export performance and economic growth in nigeria. Nonoil export was also found to be positively and significantly impacting to economic growth in nigeria proxied by gdp. Foreign reserve also has a positive and significant impact on economic growth. That indicates there is much room for the county to focus on.
Agriculture is the backbone of nigerias socioeconomic development. Agricultural export potential in nigeria groundnuts and rubber. The results revealed a positive cause and effect relationship between gross domestic product gdp and agricultural output in nigeria. Drawing from the empirical investigation into the impact of oil export on economic growth in nigeria using rgdp as the dependent variable and labour, capital domestic consumption, oil export and total production as independent variables from 1970 2006, it emerged from the study that there is significant relationship between labour, domestic. Impact of nonoil export on economic growth in nigeria. Agricultural production and economic growth in nigeria 211 quarterly journal of international agriculture 53 2014, no. Descriptive analysis of agricultural sector performance of agricultural sector before global meltdown table 1.
Acta universitatis agriculturae et silviculturae mendelianae brunensis, 642. Using an ardl bounds test for cointegration, the study explore the short and long term effects of agricultural. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the. Agricultural export, economic growth, cointegration, vector error. It depends on implementing the economic recovery and growth plan 201720, which emphasizes economic diversification.
The specific objectives were to i estimate the level of agricultural protection in nigeria. To attempt this aim annual data was collected from the world bank for the period 2006 2016 and was tested by using correlation analysis and the static gravity model. Meanwhile, sales fell sharply for agricultural goods 38. Pdf the impact of agricultural exports on economic growth in. Relationship between exports, imports, and economic growth. The contribution of this paper is investigating the effect of agricultural exports on economic growth in south eastern europe countries since its never been treated before. The third alternative is that of importlead growth ilg suggests economic growth could be driven primarily by growth in imports. 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.
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