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. Impact of the agricultural sector on nigerias economic. In nigeria for instance, it affects sectors like labour productivity force, agricultural production, productivity in general or. 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. Pdf impact of agricultural output volatility on economic. Agricultural sector performance and nigerias economic growth. Research fellow, partnership for economic policy pep po. The data were obtained from the cbn statistical bulletin and analysed using econometric methods being the ordinary least squares ols, cointegration, augumented. Acta universitatis agriculturae et silviculturae mendelianae brunensis, 642. Impact of agricultural development on the economic growth and development of nigeria, free undergraduate project topics. The paper recommends amongst many other things that the government of nigeria should put in more efforts to diversify.
In the 1970s, nigeria experienced a reallocation of resources from tradable sectors. Impact of agricultural sector on nigeria economic growth. Agricultural advancement is necessary for improving the supply of raw materials for the agrobased industries especially in developing countries. Macroeconomic factors and agricultural sector in nigeria. The impact of agricultural sector on economic growth in. This study relies heavily on the use of secondary data.
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 agricultural output on economic development in nigeria 19862014 article pdf available january 2016 with 10,878 reads how we measure reads. Saudi arabias nonoil output growth in the 1980s, despite the fact that the country was able. Eboh professor of agricultural economics university of nigeria contents 1. The study examined the impact of agricultural output on economic growth in nigeria. Impact of agricultural output volatility on economic growth in nigeria. Aug 01, 2017 agricultural output and economic growth in nigeria afolabi et al.
This page provides nigeria gdp annual growth rate actual values, historical data, forecast, chart, statistics, economic. As a guide to the study, the following hypotheses were formulated. 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. The impact of agricultural productivity on welfare growth. Abstract this study has attempted to measure the impact of agricultural output on economic growth. In nigeria for instance, it affects sectors like labour productivity force, agricultural production, productivity in general or national economy. 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. Mulubrhan amarea, jennifer denno cisseb, nathaniel d. Macroeconomic policy and agricultural output in nigeria. This study is designed to investigate on the impact of unemployment on the economic.
The impact of exchange rate on nigeria nonoil exports lawrence ehikioya imoughele1 mohammed ismaila2. The study investigated the contribution of agricultural sector output to the growth of domestic economy in nigeria for the period 19802014. It was found that a significant relationship exist between government expenditure in the agricultural sector and the economic growth in nigeria. Using an ardl bounds test for cointegration, the study explore the short and long term effects of agricultural. The study examined the impact of government expenditure on economic growth in nigeria, using the time frame 20002015 5 years. Impact of macroeconomic policy on agricultural growth in. Previous studies have concentrated on marketbased intersectoral linkages as the source of agricultures contribution to 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. 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. Effect of livestock production on agricultural output and. 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. It involves and comprises of crop production, livestock and forestry, fishery, processing and marketing of those agricultural.
Agricultural economy of india and macroeconomic effects. Assessment of the hivaids impact on the nigerian economy. 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. Impact of agricultural financing on agricultural output, economic growth and poverty alleviation in nigeria. Agricultural economy of india and macro economic effects. This sector plays a pivotal role in the economy and exerts important effects on other sectors. 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. After two to three years the fertility of the soil. More specifically, the study sought to assess government expenditure and economic growth. The impact of exchange rate on nigeria nonoil exports. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the. The study employed the modern time series of the ordinary least square to test for the relationship between agriculture and economic growth in nigeria. It is noteworthy that nigerias total agricultural land is. Impact of agricultural sector on nigeria economic growth and development 1981 2015.
During the period when agriculture was the dominant economic activity. The results revealed a positive cause and effect relationship between gross domestic product gdp and agricultural output in nigeria. The main concern of this study is to analyze the impact of agricultural exports on macroeconomic performance of pakistan. This approach accounts for present and past effects of agricultural export on inclusive growth. 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. The paper analyses the relationship between agricultural resource and economic growth in nigeria. Agricultural output has no impact 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.
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. This paper empirically examined the impact of agricultural output on economic development in nigeria using annual time series data spanning 1986 to 2014. Anthony agricultural credit and economic growth in nigeria. Some empirical results and a research agenda based on the literature 2011 anthony, 2010 e. The impact of agricultural productivity on welfare growth of farm households in nigeria. Examine the impact of livestock production on economic growth in nigeria. The method of data analysis is the ordinary least square. It employed the ordinary least square technique and exponential generalized autoregressive conditional. Pdf the impact of agricultural output on economic growth. The impact of agricultural output on economic growth in. Download the full project work from chapter one to five including references. This paper investigates the impact of agricultural exports on economic growth. The impact of unemployment on economic growth in nigeria pdf.
Agricultural output and economic growth in nigeria afolabi et al. At this point in nigerias development, the best approach is to focus on the agricultural sector. Between 1948 and 1994, the rate of growth in total factor productivity in agriculture was 1. The data was obtained from the central bank of nigeria cbn statistical bulletin, 2010 edition. Growth in agricultural output can fuel growth in the nonagricultural economy through a variety of mechanisms, some direct and some indirect. The impact of unemployment on economic growth in nigerian. This work however examined effect of livestock production on agricultural output and economic growth, in nigerian economy. 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. The paper studies the impact of agricultural output on economic growth in nigeria. Dec 17, 2015 impact of the agricultural sector on nigerias economic growth. In this sense, agricultural growth is the key impetus to the growth of underdeveloped and developing countries.
Nigeria agriculture, information about agriculture in nigeria. Growth in agricultural output can fuel growth in the non agricultural economy through a variety of mechanisms, some direct and some indirect. Impact of agricultural financing on agricultural output. 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. Before the beginning of crude oil exports in 1978, agriculture accounted for about 30% of the. Role of agriculture in the economic development of a country. In an effort to improve output and economic growth, the federal government of nigeria has implemented several agriculture policies and programs. Examine the impact of crop production on economic growth in nigeria. Impact of the agricultural sector on nigerias economic growth. Paradoxes and crossroads of multimodal nature professor eric c. This study investigated the impact of agriculture output volatility on economic growth in nigeria using time series data from 1970 20. The impact of agricultural exports on economic growth in nigeria.
It adopted the secondary data sourced from central bank of nigeria covering the period 1985 to 2010. By focusing on agricultural development, nigeria can speed up its economic growth in the coming decade 3. 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. Economic development proxied by per capita income pci was explained by agricultural output aout and public agricultural expenditure pxa. Nigerias agricultural, manufacturing and mining and quarrying sectors have played a continuous and. The ordinary least square regression method was used to analyze the data. The shortage of agricultural goods has its impact upon on industrial production and a consequent increase in the general price level. Agriculture is the backbone of nigerias socioeconomic development. 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.
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. Enoma anthony 2010, business and economic journal, volume 2010. Agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries. Contribution of agriculture to economic growth in nigeria1. Journal of agricultural economics and rural development, 32. Agricultural output and economic growth in nigeria. Previous studies have concentrated on marketbased intersectoral linkages as the source of agriculture s contribution to economic growth. Agricultural output has an impact on economic growth in nigeria. Government expenditure on agriculture and economic growth. Agriculture is the backbone of nigeria s socioeconomic development. The impact of agricultural output on economic development. This study examined and analysed the impact of agriculture on economic growth in nigeria.
Impact of agricultural export on inclusive growth in nigeria. Background of the study agriculture is concerned with the husbandry of crops and animals for food and other purposes. Agricultural production and economic growth in nigeria. Impact of agricultural output volatility on economic. 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.