Public External Debt, Domestic Private Investment, and Agricultural Output Nexus: Empirical Evidence from Nigeria

Ukpe, Udeme Henrietta; Djomo, Choumbou Raoul Fani; Mohamadou, Sani; Nkwi, Gama Emmanuel

doi:10.1007/978-3-031-19527-3_12

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“…Thus, the study recommended that policy makers and government must seek economy diversification in order to boost key sectors such as the agricultural sector". Ukpe, Djomo, Olayiwola & Gama [18] evaluated "the extent to which changes in public external debt and changes in private investment affect the agricultural growth from 1980-2016. The study used the Monte Carlo simulation technique to simulate the extent to which increase in public external debt and decrease private investment affect agricultural growth; and simulate the extent to which decrease in public external debt and increase in private investment affect agricultural growth.…”

Section: Conceptual Reviewmentioning

confidence: 99%

Effect of Increasing Public Debt on Agricultural Output in Nigeria: (1981-2022)

D.,

2024

AJEBA

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The study was conducted to examine the effect of public debt on agricultural output in Nigeria using time series data from 1981 to 2022. The study adopted the Augmented Dickey Fuller (ADF) unit root test, the Bound test for long run equilibrium relationship and the Autoregressive Distributed Lag Model (ARDL). The unit root test result showed that the dependent variable agricultural output and exchange rate are stationary at first difference while variables such as government agricultural expenditure and debt service ratio were stationary at levels. The bound test showed the presence of long run equilibrium relationship. The ARDL result estimated that public debt has no significant impact on agricultural output in Nigeria. Public debt has a negative relationship with agricultural output in Nigeria for the period under study and there is a one directional causality relationship between public debt and agricultural output in Nigeria. Therefore, the study recommended that the country should allocate more funds and improve the institutional quality and policies that will boost the agricultural sector that will be beneficial to the country.

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Section: Conceptual Reviewmentioning

confidence: 99%

Effect of Increasing Public Debt on Agricultural Output in Nigeria: (1981-2022)

D.,

2024

AJEBA

View full text Add to dashboard Cite

show abstract

Public External Debt, Domestic Private Investment, and Agricultural Output Nexus: Empirical Evidence from Nigeria

Cited by 1 publication

References 4 publications

Effect of Increasing Public Debt on Agricultural Output in Nigeria: (1981-2022)

Effect of Increasing Public Debt on Agricultural Output in Nigeria: (1981-2022)

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