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Analyzing the Effects of Food Imports on Food Production and Balance of Payments in Nigeria

Author

Listed:
  • Ugwu Ephraim

    (Department of Economics, Federal University, Oye -Ekiti, Nigeria)

  • Efuntade Olubunmi

    (Department of Economics, Federal University, Oye -Ekiti, Nigeria)

  • Ehinomen Christopher

    (Department of Economics, Federal University, Oye -Ekiti, Nigeria)

Abstract

Research background: Past measures to increase food production in Nigeria, were not effective enough to curb food imports and increase food production thus leading to a deficit balance of payment for the country and a total neglect of the agricultural sector.

Suggested Citation

  • Ugwu Ephraim & Efuntade Olubunmi & Ehinomen Christopher, 2022. "Analyzing the Effects of Food Imports on Food Production and Balance of Payments in Nigeria," Folia Oeconomica Stetinensia, Sciendo, vol. 22(1), pages 302-324, June.
    • Handle: RePEc:vrs:foeste:v:22:y:2022:i:1:p:302-324:n:5
    DOI: 10.2478/foli-2022-0015
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    References listed on IDEAS

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    1. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    2. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    3. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    4. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    5. Mabuza, Majola Lawrence & Hendriks, Sheryl L. & Ortmann, Gerald F. & Sithole, M.M., 2009. "The impact of food aid on maize prices and production in Swaziland," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 48(1), pages 1-21, March.
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    More about this item

    Keywords

    food-imports; food-production; BOP; ADRL; Nigeria;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • N57 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Africa; Oceania
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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