Paper Title :Agriculture and Economic Development in Nigeria (1970-2015)
Author :F.O.C Osunkwo
Article Citation :F.O.C Osunkwo ,
(2017 ) " Agriculture and Economic Development in Nigeria (1970-2015) " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 1-4,
Volume-3,Issue-9
Abstract : This research work is on the impact of Agriculture on the Economic Growth of Nigeria (1970-2015). The
objective of the research is to ascertain the contribution or impact of Agriculture to the Economic Development of Nigeria.
Secondary method of data collection was used, data on agricultural sector output, commercial bank credit to the agricultural
sector were collected from CBN statistical bulletin various issues. OLS method of multiple regression was used. The
granger causality test shows that agricultural sector output granger causes GDP, in the same vein commercial bank credit
granger causes agricultural sector output. It was also found out that Adjusted R-square is 98%, showing that these variables
have positive impact on GDP, An increase in agricultural sector output causes GDP to rise by 98%, in the same vein a 1%
increase in commercial bank credit to the agricultural sector causes GDP to rise by 98%. The DW statistics shows absence of
auto- correlation.
Type : Research paper
Published : Volume-3,Issue-9
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-9451
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Copyright: © Institute of Research and Journals
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Published on 2017-11-24 |
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