EconPapers    
Economics at your fingertips  
 

Openness and Agricultural Performance in Nigeria

Eshiozemhe Inusa () and Umaru Aminu

Asian Journal of Economic Modelling, 2021, vol. 9, issue 2, 132-144

Abstract: The paper examined the effect of openness on agricultural output in Nigeria. Data for the study was sourced from CBN statistical bulletin 2019 and quarterly report 2020 covering the period 2010Q1 to 2020Q2. ADF unit root test, Johansen cointegration and Autoregressive Distributed Lag Methods were employed in the study. The unit root test results revealed that the variables are a mixture of I(1) and I(0) order of integration. Empirical result of the study shows that increase in trade openness will lead to a positive but insignificant increase in agricultural output while increase in financial openness will lead to a significant decrease in agricultural output in the country. The study concluded that trade openness affect agricultural output positively, while financial openness affect agricultural output negatively. The study therefore recommended that efforts should be put in place to ensure that trade openness is encouraged, also, government and relevant stakeholders in agricultural sector should make sure that foreign direct investment to agricultural sector are accountable and properly utilized in the sector.

Keywords: Openness; Agriculture; Output; Performance; ARDL; Cointegration; Mixture; Nigeria. (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://archive.aessweb.com/index.php/5009/article/view/378/701 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asi:ajemod:v:9:y:2021:i:2:p:132-144:id:378

Access Statistics for this article

More articles in Asian Journal of Economic Modelling from Asian Economic and Social Society
Bibliographic data for series maintained by Robert Allen ().

 
Page updated 2024-04-09
Handle: RePEc:asi:ajemod:v:9:y:2021:i:2:p:132-144:id:378