ABSTRACT The study examines the determinants of agricultural output based on the empirical evidence of the short-run and long-run interrelationships among capital expenditure on agriculture, inflation rate, external reserve, interest rate, average annual rainfall and food importation using agricultural output as dependent variable. Macroeconomics data from 1970 – 2012 were sourced from Central Bank Statistical Bulletin and National Bureau of Statistics publications of several years. Data we...
ABSTRACT The study examines the macroeconomic determinants of agricultural sector growth in Nigeria which is based on the empirical evidence of the short-run and long-run interrelationships among capital expenditure on agriculture, inflation rate, exchange rate, interest rate and credit availability to the sector using agricultural GDP as dependent variable. Time series data from 1981 – 2015 were sourced from Central Bank Statistical Bulletin. The data were analysed based on bound test...
