+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

Impact Of Agricultural Development On Economic Growth In Nigeria (1980-2016)

  • Type:Project
  • Pages:34
  • Format:Microsoft Word
(Agric Economics and Extension Project Topics & Materials)

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 square method (OLS), the research carried out bymeans of secondary data and using the, independent variables. Real grossdomestic product (RGDP), Agricultural Development (AGRO), Ination Rate(INF), Real Interest Rate (RIP) to re—examine the question of whether agriculturecould serve as an engine of Economic growth in Nigeria. The result obtained fromthe empirical analysis shows that the productivity in agricultural sector hasappreciably impacted positively on the economic growth in Nigeria during theperiod of 1980 to 2016.The study recommends the acceleration of agriculturaldevelopment to increase the agricultural output of Nigeria for greater prosperity.

TABLE OF CONTENTS 


 

 

TITLE PAGE .......................................................... 

vii

DECLARATION ...................................................................................................... ii 

DEDICATION ......................................................................................................... iii 

APPROVAL PAGE ................................................................................................. iv 

ACKNOWLEDGEMENT ......................................................................................... v 

ABSTRACT ............................................................................................................. vi 

TABLE OF CONTENTS ........................................................................................ vii 

CHAPTER ONE ...................................................................................................... 1 

INTRODUCTION .................................................................................................... 1 

1.1 Background to the Study .................................................................................. 1 

1.2 Statement of the Problem ................................................................................. 5 

1.3 Research Questions........................................................................................... 8 

1.4 Objectives of the study ..................................................................................... 8 

1.5 Scope and limitation of the Study .................................................................... 9 

1.6 Significance of the study .................................................................................. 9 

1.7 Organisation of chapters .................................................................................10 

1.9  Definition of key terms and variables ............................................................11 

 

 

 

 

CHAPTER TWO ...................................................................................................13 

LITERATURE REVIEW AND THEORETICAL FRAMEWORK ................13 

2.0 Introduction ....................................................................................................13 

viii

2.1 Conceptual Clarifications ...............................................................................13 

2.1.1 Agricultural Development: .............................................................................13 

2.1.2  Economic Growth ........................................................................................16 

2.1.3 Economic Development ..................................................................................18 

2.2  Review of Theoretical Literature ...................................................................20 

2.3 Review of Empirical Studies ..........................................................................25 

2.4  Gap in the Literature Review .........................................................................28 

2.5  Theoretical Framework ..................................................................................29 

CHAPTER THREE ...............................................................................................32 

METHODOLOGY.................................................................................................32 

3.0  Introduction ....................................................................................................32 

3.1  Description of the Study Area ........................................................................32 

3.2  Sources and Methods of Data Collections .....................................................34 

3.3  Model Specification ........................................................................................35 

3.4  Technique of Analysis ....................................................................................36 

3.5     Unit Root Test-------------------------------------------------------------------------------37 

3.6  Expected Contribution to knowledge .............................................................38 

 

 

 

CHAPTER FOUR ..................................................................................................39 

DATA PRESENTATION, ANALYSIS AND INTERPRETATION ................39 

ix

4.0  Introduction ....................................................................................................39 

4.1  Data Presentation ............................................................................................39 

4.2.1 Correlation Analysis .......................................................................................39 

4.2.2 Unit Root Analysis ..........................................................................................40 

4.2.3 Regression Analysis ........................................................................................42 

4.2.4 Granger Causality Test ...................................................................................44 

4.3  Discussion of Findings ...................................................................................47 

CHAPTER FIVE ....................................................................................................49 

SUMMARY, CONCLUSION AND RECOMMENDATION ...........................49 

5.0 Introduction ........................................................................................................49 

5.1  Summary of Major Findings ..........................................................................49 

5.2  Conclusion ......................................................................................................50 

5.3  Recommendations .........................................................................................51 

REFERENCES .......................................................................................................52 

APPENDIX I: DATA PRESENTATION ............................................................55

Impact Of Agricultural Development On Economic Growth In Nigeria (1980-2016)

Share This

Details

Type Project
Department Agric Economics and Extension
Project ID AEE0083
Price ₦3,000 ($9)
No of Pages 34 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Agric Economics and Extension
    Project ID AEE0083
    Price ₦3,000 ($9)
    No of Pages 34 Pages
    Format Microsoft Word

    Related Works

    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 The growth of the Nigerian economy is dependent on government capital and concurrent expenditure, and to ascertain whether there is a relationship between gross domestic product (GDP) and government expenditure in Nigeria. The chi-square statistics and simple... 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
    AGRICULTURAL OUTPUT AND ECONOMIC DEVELOPMENT IN NIGERIA ABSTRACT The study examines the relationship between agricultural output and economic development in Nigeria from 1980 to 2010. The ordinary least squared econometric technique (OLS) was employed in the empirical analysis in order to establish the anticipated relationship among the chosen... Continue Reading
    AGRICULTURAL OUTPUT AND ECONOMIC DEVELOPMENT IN NIGERIA 1980 to 2013 ABSTRACT The study primarily aimed at examining the impact of Agricultural output on the development of the Nigerian economy. The OLS method of estimation was employed to find out if there exist a significant and positive relationship between Agricultural output and Economic... Continue Reading
    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
    INTRODUCTION 1.1. BACKGROUND OF THE STUDY Agriculture is concerned with the husbandry of crops and animals for food and other purposes.  It is the foundation upon which the development of stable human communities, such as rural and urban communities has depended on in many parts of... Continue Reading
    ABSTRACT The study examined the impact of human capital and physical capital on economic growth in Nigeria between 1981 and 2016. In specific terms, the study investigated the extent to which government expenditure on education and health and gross capital formation influenced economic growth in Nigeria. Human capital is instrumental in tackling... 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. Taking advantage of ordinary least... 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