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Empirical Analysis of Agricultural Growth and Unemployment in Nigeria

Author

Listed:
  • Ayinde, Opeyemi Eyitayo
  • Ayinde, Kayode
  • Memudu, I. J. B.
  • Ojehomon, V.I.

Abstract

Unemployment which has been identified as the major cause of poverty is a worldwide economic problem. Poverty alleviation has been a great concern to developing countries. The economic burden of unemployment on a society necessitates this study. Consequently, this study analyses the Nigerian agricultural growth rate, its contributions, and examines the linkage and dimension of agricultural growth and unemployment rates. Collected time series data were analyzed with the aid of t – test, Duncan Multiple Range test, Granger Causality test and regression analysis. Results showed that Nigerian agricultural growth rate has an inverse relationship with unemployment and re – establish the Cobweb supply theory. In addition, increase in agricultural growth decrease unemployment and thus can alleviate poverty. Consequently, recommending polices to alleviate poverty should focus on increasing agricultural growth.

Suggested Citation

  • Ayinde, Opeyemi Eyitayo & Ayinde, Kayode & Memudu, I. J. B. & Ojehomon, V.I., 2008. "Empirical Analysis of Agricultural Growth and Unemployment in Nigeria," 2007 Second International Conference, August 20-22, 2007, Accra, Ghana 52147, African Association of Agricultural Economists (AAAE).
    • Handle: RePEc:ags:aaae07:52147
    DOI: 10.22004/ag.econ.52147
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    Cited by:

    1. Phi-Hung Nguyen & Jung-Fa Tsai & Ihsan Erdem Kayral & Ming-Hua Lin, 2021. "Unemployment Rates Forecasting with Grey-Based Models in the Post-COVID-19 Period: A Case Study from Vietnam," Sustainability, MDPI, vol. 13(14), pages 1-27, July.
    2. Olusanya E. Olubusoye & Afees A. Salisu & Sam O. Olofin, 2023. "Youth unemployment in Nigeria: nature, causes and solutions," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(2), pages 1125-1157, April.

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