Agricultural output performance, employment generation and per capita income in Nigeria
Igwe Matthew Ochada () and
Matthew Babatope Ogunniyi
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Igwe Matthew Ochada: Department of Economics, University of Lagos. Nigeria.
Matthew Babatope Ogunniyi: Department of Economics, University of Lagos. Nigeria.
BizEcons Quarterly, 2020, vol. 11, 15-26
Agriculture sector in Nigeria has been identified as a vital sector as it offers the teaming population the creation of employment thereby increasing the per capita income of the individuals in the economy. This study focused on the agricultural output performance, employment generation and per capita income in Nigeria from 1981-2016. Per capita income, employment generation proxy as agriculture value added per worker and agricultural output data gotten from CBN bulletin and World Bank data base were used as variables. The unit root test reveals stationary after first differencing. Johansen cointegration indicates no co-integrating equation which implies no stable long run equilibrium among agricultural output, employment generation and per capita income in Nigeria. The VAR using both impulse response and variance decomposition indicates positive dynamic interactions among agricultural output, employment generation and per capita income in Nigeria. More emphases therefore need to be placed on the agricultural sector as its output has the capacity to improve the quality of life of the people and create employment.
Keywords: Agricultural Output; Per Capita Income; Employment Generation (search for similar items in EconPapers)
JEL-codes: C01 C50 Q10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecqu:0023
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