Cash crops financing, agricultural performance and sustainability: evidence from Nigeria

Asaleye, Abiola John; Alege, Philip O.; Lawal, Adedoyin Isola; Popoola, Olabisi; Ogundipe, Adeyemi A.

doi:10.1108/ajems-03-2019-0110

Cited by 29 publications

(35 citation statements)

References 46 publications

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“…The growth rate for electricity consumption is very germane for business performance. This is in line with the United Nations Sustainable Development Goals 7, 9, 11 and 12 (United Nations, 2015;Asaleye et al, 2020). This goals have important implication on business performance because lack of electricity supply will lead to over reliance on alternative source of energy which can be more expensive, like solar, coal, generator.…”

Section: Introductionsupporting

confidence: 64%

Electricity Supply and Business Performance in a Nigerian Private University

Adebayo¹,

Eluyela²,

Victor-Adisa³

et al. 2020

IJEEP

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There has been a consistent argument in the literature as regards the impact of electricity consumption on economic growth with most studies focused on developed economies. However, little is known on impact of electricity consumption on business performance in a university system. This study examines the short-run and long-run impact of electricity supply on business performance in a Nigerian private university. The study adopted Engle and Granger approach to co-integration. The result reveals that in the long run, a negative relationship exist between electricity supply and turnover. However, cost of sales and wages have positive relationship with turnover. In the short-run, electricity supply has negative relationship with business performance. In addition, the cost of sales is not statistically significance with turnover. The findings of the study are in line with the principle of labour marginal productivity both in the short and long-run. Therefore, the study recommended need to consider alternative source of power supply most especially in the long-run in order to maximize the aggregate benefit on the business performance.

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Section: Introductionsupporting

confidence: 64%

Electricity Supply and Business Performance in a Nigerian Private University

Adebayo¹,

Eluyela²,

Victor-Adisa³

et al. 2020

IJEEP

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“…This proposition was hatched around 1883. Ever since the unveiling of this proposition, followers of this view have expressed mixed opinions (Gatsi et al, 2019;Manyeki and Kotosz, 2017;Keho, 2017;Lawal et al, 2020;Asaleye et al, 2020;Lawal et al, 2019;Babajide et al, 2020;Olanrele et al, 2020;Aktan, 2017;Ifeyinwa, Idenyi, Chibuzor & Agbi, 2016;Eze, 2016;Salwindi and Seshamani, 2016;Dahunsi et al, 2019;Moore, 2016;Atasoy and Gur, 2016;Ampah and Kotosz, 2016;Magazzino et al, 2015;Funashima, 2015). Among early versions that propelled dichotomization of WP are that of Peacock and Wiseman (PW) (1961), Musgrave (1969), Gupta (1967), Goffman (1968), Peacock & Wiseman shared version (1967), among others; each explaining its own version of the proposition based on their scholarly standpoint.…”

Section: Introductionmentioning

confidence: 99%

Wagner proposition in Nigeria: An econometric analysis

Babajide

Okunlola

Nwuba

et al. 2020

Heliyon

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Succinct exploration of Adolph Wagner's Proposition [WP] 1883-Peacock and Wiseman 1961version was put to the validation test in the study. At least, this time, for a quinaquina octo annis period, representing the life span of Nigeria. Specific suspicion of shocks from data from the world indicator and monetary authority necessitated the adoption of the ADF test with structural breaks, which came out positive at alternating integrating order. This propelled the Autoregressive Distributed Lag ARDL model path having specified the lag selection automatically. Even though the series showed significant association in the short run, and bi-directional causality, the result of the Bound test-F-statistics (calculated) ¼ 3.42 falls below upper Bound I(0) ¼ 4.68 and lower bound I(1) ¼ 5.15 hence, invalidates the WP position in the longrun in Nigeria. This is an indication that a reduction in noneconomically viable and overlapping, funds-straining ministries/departments/agencies (MDA) is indispensable.

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“…Kolawole (2013) investigated the connection among institutional reforms, interest rate policy and agricultural sector financing using the error correction mechanism (ECM). Even though studies were carried out in relation to the agricultural sector, most of these studies ignored the effect of the monetary policy channels identified in the literature (Aremu et al, 2019;Asaleye, Alege, Lawal, Popoola, & Ogundipe, 2020;Popoola., Alege, Gershon, & Asaleye, 2019). Other studies, such as that by Oboh et al (2019), investigated monetary policy's effect on agricultural sector performance in Nigeria using the autoregressive distributed lag approach.…”

Section: Introductionmentioning

confidence: 99%

Monetary Policy Channels and Agricultural Performance: Evidence from Nigeria

Asaleye

Maimako

Lawal

et al. 2021

Asian Economic and Financial Review

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The implications of monetary policy on agricultural performance have not been given adequate attention in literature to date, especially in connection with employment and export in the agricultural sector. Determining the right channels of monetary policy can help to achieve sustainable growth in developing economies. This study examines the impact of monetary policy channels on agricultural performance in Nigeria using structural vector autoregression (SVAR) and dynamic ordinary least squares (DOLS). The study uses output employment and export as metrics for agricultural performance, and the channels of monetary policy considered are credit, interest rate, money and exchange rate. The SVAR variance decomposition findings show that the forecast error shocks of monetary policy channels affect agricultural performance. Likewise, the longrun equations from the DOLS show that output has a positive relationship with money supply, a negative relationship between employment and interest rate, and a negative relationship between exchange rate and export. Based on the findings, the study suggests that the Nigerian government should look beyond the primary objective of stabilizing the economy via money supply and interest rate and consider the secondary benefits of bolstering output and employment in the agricultural sector. Contribution/Originality: This study contributes to the existing literature by investigating monetary policy channels' impact on Nigeria's agricultural performance using structural vector autoregression (SVAR) and dynamic ordinary least squares (DOLS).

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Cash crops financing, agricultural performance and sustainability: evidence from Nigeria

Cited by 29 publications

References 46 publications

Electricity Supply and Business Performance in a Nigerian Private University

Electricity Supply and Business Performance in a Nigerian Private University

Wagner proposition in Nigeria: An econometric analysis

Monetary Policy Channels and Agricultural Performance: Evidence from Nigeria

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