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Empirical Assessment of Nigeria’s Agricultural Export and Economic Welfare

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  • Nwachukwu, Ifeanyi
  • Ehumadu, Felix
  • Mejeha, Remy
  • Nwaru, Jude
  • Agwu, Nnanna
  • Onwumere, Joe

Abstract

This paper assessed empirically Nigeria’s agricultural export and economic welfare. Data used for the study were obtained from secondary sources, bulk of which was collected from institutional and national databases over 1990-2005 and were analyzed using multiple regression and growth rate analysis. The results showed that agricultural output, inflation, subsidy, exchange rate, food import and export were statistically significant at various risk levels and have major implications on the economic welfare of Nigeria. Economic welfare was found to have grown at rate of 2.9% over the period and would be expected to reach N20, 480.64 million in 2010. The study suggested that Nigerian government should adopt appropriate monetary policies to ensure stability in the foreign exchange market in view of the bizarre implications of fluctuations on economic welfare.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12636.

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Date of creation: 10 Nov 2008
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Handle: RePEc:pra:mprapa:12636

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Keywords: economic; agricultural exports; welfare; empirical; assessment;

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  1. Avner Offer, 2000. "Economic Welfare Measurements and Human Well-Being," Oxford University Economic and Social History Series _034, Economics Group, Nuffield College, University of Oxford.
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