Does Innovation Contribute to Agricultural Development in Nigeria? Granger Causality and Error Correction Model Approach

Adedayo Mathias Opele (), Emmanuel Aderinola Adegun (), Adewumi Zaid Adeyemi () and Timothy Ayomitunde Aderemi ()
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Adedayo Mathias Opele: Bells University of Technology
Emmanuel Aderinola Adegun: Adeleke University
Adewumi Zaid Adeyemi: Osun State University
Timothy Ayomitunde Aderemi: Bells University of Technology

EuroEconomica, 2022, issue 1(41), 38-46

Abstract: This study has provided an empirical answer to the question whether innovation contributed to agricultural development in Nigeria between 1990 and 2019. Techniques such as Granger causality and Error Correction were embraced in addressing the paper`s objective with the following conclusion. There is a unidirectional causality between number of people with access to ICT and agricultural development in Nigeria. In the same vein, there is a unidirectional causality between number of people with access to mobile phone and agricultural development in the country. That shows that innovation is a strategic component for the development of agriculture in Nigeria. Furthermore, the past level of agricultural development contributed significantly to the current level of agricultural development in Nigeria in the long run. Number of people with access to mobile phone had a negative but insignificant relationship with agricultural development both in the short run and the long run. Whereas, number of people with access to ICT had a positively insignificant relationship with agricultural development in the both short run and the long run. Against the emergence of the results from this study, the policymakers and other agricultural stakeholders in Nigeria should urgently give more attention and explore innovation in the area of Information Communication Technologies to drive the development of the agricultural value added products in the country.

Keywords: Innovation; Agricultural Valued Added; ICT, Mobile Phone; Granger Causality; Error Correction Model (search for similar items in EconPapers)
Date: 2022
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