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The effects of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output in Nigeria

Oluwatoyese, Oyetade P. and Applanaidu, Shri Dewi and Abdul Razak, Nor Azam (2015) The effects of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output in Nigeria. In: 4th ASEAN Consortium on Department of Economics Conference (ACDEC) 2015, 04-05 November 2015, Student Accomodation Centre (SAC), UUM.

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There has been many significant research efforts that have been devoted to understand the effects of macroeconomic factors on the agriculture sector in Nigeria.In addition to the macroeconomic factors, Structural Adjustment Programme (SAP) over the period 1981 to 2013 will be included into the scenario of this study to examine the effects of these factors on agricultural output in Nigeria.This paper employed co-integration analysis and multivariate Granger causality which is carried out using VECM approach to analyse the causal links among all the variables considered for estimation.The findings showed relationship that exists between the agricultural output which is the dependent variable and the independent variables.It also revealed the variations between the dependent and independent variables which are Gross Domestic Product (GDP) growth rate, interest rate, foreign direct investment (FDI), commercial bank loan on agriculture, SAP and inflation rate. In conclusion, commercial loan on agriculture, FDI, interest and inflation rate were macroeconomic variables that contributed to agricultural output in Nigeria within the period examined.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-983-43720-4-0 Organized by: Universiti Utara Malaysia
Uncontrolled Keywords: Agriculture Output, Macroeconomics Factors, Gross Domestic Product and SAP
Subjects: H Social Sciences > HJ Public Finance
Divisions: School of Economics, Finance & Banking
Depositing User: PM Dr. Shri Dewi a/p Applanaidu
Date Deposited: 31 Jan 2016 04:27
Last Modified: 17 Apr 2016 01:34
URI: http://repo.uum.edu.my/id/eprint/17054

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