Agricultural financing, output and macroeconomic growth

Obudah, Bodiseowei C.; Tombofa, Steve S.

doi:10.1504/ajesd.2016.079415

Cited by 1 publication

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“…Many scholarly works on Agricultural financing in Nigeria and some other developing economies are of the conclusion that Agricultural financing is positively related with agricultural output growth and economic growth. For instance, Obudah and Tombofa (2016), in their study on the effect of agricultural financing on output growth and macroeconomic growth in Nigeria collected data from CBN Bulletin and used the ordinary least squares method, cointegration and error correction technique to do the analysis. Their result showed that there existed a positive relationship between agricultural credit and agricultural output.…”

Section: Review Of Empirical Literaturementioning

confidence: 99%

Agricultural Financing, Agricultural Output Growth and Employment Generation in Nigeria

Ogbuabor¹,

Alisigwe²,

Orji³

2021

EJOBSAT

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This study investigates the impact of agricultural financing and agricultural output growth on employment generation in Nigeria from 1981 to 2017. The study adopts the framework of the Auto Regressive Distributed Lag (ARDL) Model for analysis. The empirical results show that while agricultural financing increases employment generation in both the short run and long run, the lag of agricultural output growth increases employment generation mainly in the short run. Other variables found to have significant effect on employment generation were price and agricultural output while labor force population, wages and aggregate expenditure were insignificant. The study concludes that policy makers should endeavor to see that every fund allocated for a specific agricultural schemes and interventions should be fully utilized for its purpose. To increase employment opportunities, there should be careful monitoring of the implementation of each scheme and policy to realize their specific objectives.

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Section: Review Of Empirical Literaturementioning

confidence: 99%