Impact of Agricultural Financing on Nigeria Economy

Ademola, Ayodele E.

doi:10.9734/ajaees/2019/v31i230130

Cited by 13 publications

(17 citation statements)

References 3 publications

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“…Accordingly, 17% of the difference between long-term, equilibrium, or the desired amount of agricultural GDP and the current or observed agricultural GDP is reduced each year. Findings in the literature show that agricultural credits positively affect agricultural productivity (SHAH et al, 2008;AYAZ & HUSSAIN, 2011;SALEEM & JAN, 2011;AGUNUWA et al 2015;AWOTIDE et al 2015;CHISASA & MAKINA, 2015;NNAMOCHA & EKE, 2015;UDOKA et al 2016;OGBUABOR & NWOSU, 2017;DURAMAZ & TAS, 2018;ADEMOLA, 2019;TAMBI & BIME, 2019). IQBAL et al (2003), SIAL et al (2011, REHMAN et al (2017), KOC et al (2019); REHMAN et al (2019), found that agricultural credits have a positive and statistically significant effect on agricultural GDP.…”

Section: Ols Regression For Parameter Relationsmentioning

confidence: 99%

Determining of agricultural credit impact on agricultural production value in Turkey

Bahşi

Çetin

2020

Cienc. Rural

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Agriculture is an indispensable activity for all countries. Depending on the increasing population, food needs can be met by increasing agricultural production. In this respect, it is of great importance to investigate the value of agricultural production and the factors affecting agricultural production. This study aimed to examine the impact on the agricultural production value of agricultural bank credit in Turkey. In the study, with the aim of examining the relationship between agricultural credit and agricultural production value in Turkey, 1998-2016 real agricultural loans and agricultural real gross domestic product annual data covering the period given above were used. The statistical analysis tool is ordinary least squares (OLS) techniques. According to OLS regression, the purposed model explains 83.94% of total variance. Regression coefficients show that effect of term is higher than effect of agricultural credits. The reason for this difference may be explained as dependency of credits on macroeconomic indicators and political structure of the country. This study proposes that agricultural credit mechanism in the country needs to be developed to increase the financing opportunities for the realization of technology and modernization investments by farmers.

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Section: Ols Regression For Parameter Relationsmentioning

confidence: 99%

Determining of agricultural credit impact on agricultural production value in Turkey

Bahşi

Çetin

2020

Cienc. Rural

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“…The finding aligns with the study of Oyenbo and Rekwot (2014); Abula and Ben (2016);Abula and Ben (2016); Inusa, Daniel, Dayagal and Chiya (2018) noted the importance of Agriculture to economic development, especially in less developed countries (LOCs) like the Sub-Saharan African countries where industrialization is under developed. Oyenbo and Rekwot (2014) indicated that agricultural production was significant in influencing the favorable trend of economic growth, while on the other hand the findings of Ademola (2019) found that agricultural output level in Nigeria during the period review by the study for has contributed negatively to the level of economic development. Despite the fact so many funds from different sources have been expended on the sector.…”

Section: Discussion Of Findingmentioning

confidence: 99%

The Impact of Peace Accounting on Economic Growth of Sub-Saharan African Countries

Enyi¹,

Rufus²,

Iyanuoluwa³

2020

theijbm

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Introduction Security challenges can be a threat to both economic development and peaceful coexistence. Sustaining a viable economy via development and growth can therefore be said to be a core objective of most countries of the world.A threat to peaceful environment can result from environmental and atmospheric pollution, oil spillage, destruction of Ozone layers, global warming and climate change. (Ironkwe & Success 2017). And if left unattended to might affect the economic performance of a country. Bove and Eila (2017) stated that economics and security are greatly intertwined. According to Corfee-Morlot, Parks, Ogunleye and Ayeni (2018) development today is often associated with GDP, but that idea is relatively modern. GDP as a measure of development was sensible, but it had limitations as a measure of human welfare. Institute for Economics and Peace (2018) noted that Sub-Saharan Africa countries have the lowest energy access rates in the world. Electricity reaches only about half of its people (IEA, 2018). Economic growth in the region is also relatively low at an estimated 2.8% percent in 2018, compared to 7.1% in South Asia (International Monetary Fund, 2018). This lack of energy access which is one sources of conflict between citizens and government of some of the sub-Saharan African countries has suppressed economic growth and sustainable development (World Bank, 2017). According to Mueller and Tobias (2016) the setbacks in economic performance in terms of economic growth that many developing countries have experienced in recent times can be majorly attributed to violent conflict. Sandlers and Enders (2010) opined that conflicts, violence, terrorism, insecurity can raise the costs of doing business in terms of higher insurance premiums, expensive security precautions, and larger salaries to at-risk employees. Moreover, the recessions experienced during periods of violent conflicts are major factor for much lower average growth rates over time in fragile countries such as the Sub-Saharan African countries. (Mueller & Tobias, 2016). Natufe, (2001) noted various environmental neglect and misunderstandings between the resultant companies and the host communities have led to several violent confrontations, severe ecological damage, human and food insecurity. All these security issues may cause economic set back in a country given the involvement of the financial resources, human resources, material resources and even the environmental impact. Okoro and Amachi (2016) opined that most nations are now trying to measure the cost of curtailing these domestic crises. Studies such as Gobat and Kostial (2016); Balami,

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“…Several researchers (Abbas, Muhtaraom, Badriyah and Kadir, 2020;Abukari, Oztoronci and Veziroglu, 2016;Ademola, 2019;Brown and Iyabode, 2020;Kakar, Kiani and Baig, 2016) have recently explored the influence of climate change agriculture output using various econometric methodologies. Rashid, Husnain, Shakoor and Husnain (2020) empirically found the influence of climate fluctuations on Pakistan's cotton crop and found out that the negative effect of increasing the minimum temperature outweighs the beneficial effect of increasing the maximum temperature.…”

Section: Review Of Literaturementioning

confidence: 99%

Do Climate Changes influence the Agriculture Productivity in Pakistan? Empirical Evidence from ARDL Technique

2022

Forman J. Econ. Stud

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Agriculture Productivity is an important measure of the agricultural performance in developing countries, which measures the quantity of output that can be produced from a given quantity of inputs. However, agriculture output is affected by the rainfall and temperature. In the literature on emerging economies, rainfall and temperature are found to have a significant impact on the agriculture productivity in different regions of the world. The goal of this study is to assess the impact of rainfall and temperature variations, as a result of climate change, on Pakistan’s agriculture output. Time series data from 1984 to 2019 is used to investigate this issue. An Autoregressive Distributed Lag (ARDL) model with Bound Testing Cointegration and Error Correction Model (ECM) are used to analyze the relationship between the variables of interest. Unit Root tests were used to check the stationarity of time series data which revealed that some variables are stationary I (0) while others are integrated at level 1. The findings of the study show that temperature increase has a positive and significant impact on agriculture productivity, both in the short and long run. Moreover, rainfall has a negative and significant impact on agriculture productivity in the short and long-run. The stability tests have confirmed the stability of the econometric model.

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Impact of Agricultural Financing on Nigeria Economy

Cited by 13 publications

References 3 publications

Determining of agricultural credit impact on agricultural production value in Turkey

Determining of agricultural credit impact on agricultural production value in Turkey

The Impact of Peace Accounting on Economic Growth of Sub-Saharan African Countries

Do Climate Changes influence the Agriculture Productivity in Pakistan? Empirical Evidence from ARDL Technique

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