Economic Growth Agricultural Output and Tourism Development in Nigeria An Application of the ARDL Bound Testing Approach

Adedoyin Lawal (), Abiola Asaleye (), Joseph Iseolorunkanmi () and Olabisis Popoola ()
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Adedoyin Lawal: Landmark University Nigeria, Postal: NG
Abiola Asaleye: Landmark University Nigeria, Postal: NG
Joseph Iseolorunkanmi: Landmark University Nigeria, Postal: NG
Olabisis Popoola: Covenant University Nigeria, Postal: NG

Journal of Advanced Research in Management, 2018, vol. 9, issue 4, 786-794

Abstract: Drawing from three tourism growth theories tourism led growth theory growth led tourism theory tourism growth neutrality theory and one agriculture growth nexus theory agriculture overlapping theory this study used the autoregressive distributed lag ARDL bound testing approach to examine whether or not cointegration exist among economic growth agricultural output and tourism development in Nigeria We intend to know what policy instruments need to be manipulated so as to achieve economic growth increase agricultural output and enhance tourism development From the results it is evidence that a two way cointegration exists between economic growth and agricultural output on the one hand and between economic growth and tourism development on the other hand The study also observed that a compelling long run relationship exist between agricultural output and tourism development To achieve sustainable economic growth policy makers are advised to pursue heavy investment in the tourism industry adopts improved farming strategies driven by simple technology among others

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jemt00:v:9:y:2018:i:4:p:786-794

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