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Agricultural Output and Economic Growth: The Nigeria Case

Author

Listed:
  • Etea Ibe

    (Department of Economics, Faculty of the Social Sciences, University of Nigeria, Nsukka, Nigeria.)

  • Obodoechi, Divine Ndubuisi

    (Department of Economics, Faculty of the Social Sciences, University of Nigeria, Nsukka, Nigeria.)

Abstract

The study investigated the contribution of agricultural sector output to the growth of domestic economy in Nigeria for the period 1990-2017 The study examined the impact of agricultural output and economic growth as well as to determine the response to shocks in the variable under studied. Cointegration test, Vector Error Correction Model (VECM) and variance decomposition test were utilized in the analysis. The variables employed in the investigation include Real Gross Domestic Product (RGDP), Agricultural Output (AGRIC), Gross Capital Formation (GCF), Exchange Rate (EXC) and Interest Rate (INT.RATE).

Suggested Citation

  • Etea Ibe & Obodoechi, Divine Ndubuisi, . "Agricultural Output and Economic Growth: The Nigeria Case," Journal of Economic and Sustainable Growth 3, Office Of The Chief Economist, Development Bank of Nigeria.
    • Handle: RePEc:dbn:vo2is1:5001
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    More about this item

    Keywords

    Agriculture (AGRIC); Economic Growth (GDP); Nigeria; Gross Capital Formation (GCF); Response to shocks; Variance decomposition test; unit root test; cointergratuion test.;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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