ABSTRACT In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. As some contend that agricultural development is a pre-condition for industrialization, others strongly object it and argue for a different path. Taking advantage of ordinary least square method (OLS), the research carried out by means of secondary data and using the independent variables. Agricultural Development (AGD), Capital Formation (CFN) Inflation Rate (INF), and Interest Rate (INT) to re-examine the question of whether agriculture could serve as an engine of Economic growth in Nigeria. The result gotten from the empirical analysis shows that the productivity in agricultural sector has appreciably impacted positively on the economic growth in Nigeria.
TABLE OF CONTENTS PAGE Title Page ………………………………………….. i Certification ……………………………………….. ii Dedication……………………………………………. iii Acknowledgements…………………………………… iv Abstract………………………………………………… vi Table of Contents…………………………………….. vii
CHAPTER ONE: INTRODUCTION 1 1.1 Background of the Study…………………….. 1 1.2 Statement of the Problem……………………… 6 1.3 Objectives of the Study………………………… 11 1.4 Statement of Hypothesis………………………. 11 1.5 Significance of the Study………………… ….. 11 1.6 Scope and Limitation………………………….. 13
CHAPTER TWO: LITERATURE REVIEW 2.1 Theoretical Literature………………………….. 14 2.1.1 Agricultural Linkages and Economic Growth and Development…………………….. 18 2.1.2 Problems Associated with Agricultural Development……………………… 19 2.1.3 Impact of Food Importation………………….. 22 2.2. Empirical Literature……………………………. 24 2.2.1 Agriculture and Poverty Reduction……… 25 2.2.2 Agriculture and Nutrition…………………… 26 2.2.3 Limitation of Previous Studies…………….. 31
CHAPTER THREE: RESEARCH AND METHODOLOGY 3.1 Area of Study and Coverage……………….. 33 3.2 Model Specification ………………………….. 34 3.3 Data Sources …………………………………. 36 3.4 Method of Evaluation ………………………... 36
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS 4.1 Presentation of Result ……………………… 40 4.1.1 Analysis of Results Based on Economic criteria …………………………... 41 4.1.2 Summary of the Aprior Signs…………..... 42 4.2 Analysis Based on Statistical Criteria (1st Order Test) ……………………... 42 4.2.1 Coefficient of multiple determinations (R2) 42 4.2.2 Test of Significance of the Parameter (t-test) 43 4.2.3 The f-statistics test…………………………….. 45 4.3 Econometrics Test or (2nd Order Test)…….. 46 4.3.1 Test for Autocorrelation ……………..……… 46 4.3.2 Heteroskedasticity Test…………………… 47 4.3.3 Normality Test……………………………… 48 4.3.4 Multi-Collinearity Test …………………... 49
The term 'Agriculture' has been subjected to different definitions by various experts. As a result Ighodo (1984: 20) defined agriculture as the art and science of the cultivation of crops and rearing of animals for man's use. He also emphasized that agriculture is also the production of fibres... Continue Reading
ABSTRACT In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. Assome contend that agricultural development is a pre—condition forindustrialization, others strongly object it and argue for a different path. Takingadvantage of ordinary least... Continue Reading
ABSTRACT In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. While some contend that agricultural development is a pre-condition for industrialization, others strongly disagree and argue for a different path. Taking advantage of Ordinary Least Square... Continue Reading
ABSTRACT The term Agricultureâ has been subjected to different definitions by various experts. As a result Ighodo (1984: 20) defined agriculture as the art and science of the cultivation of crops and rearing of animals for man's use. He also emphasized that agriculture is also the production of... Continue Reading
ABSTRACT In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. As some contend that agricultural development is a pre-condition for industrialization, others strongly object it and argue for a different path. This study tries to look at the... Continue Reading
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