Empirical Assessment of Nigeria’s Agricultural Export and Economic Welfare

Ifeanyi Nwachukwu, Felix Ehumadu, Remy Mejeha, Jude Nwaru, Nnanna Agwu and Joe Onwumere

MPRA Paper from University Library of Munich, Germany

Abstract: This paper assessed empirically Nigeria’s agricultural export and economic welfare. Data used for the study were obtained from secondary sources, bulk of which was collected from institutional and national databases over 1990-2005 and were analyzed using multiple regression and growth rate analysis. The results showed that agricultural output, inflation, subsidy, exchange rate, food import and export were statistically significant at various risk levels and have major implications on the economic welfare of Nigeria. Economic welfare was found to have grown at rate of 2.9% over the period and would be expected to reach N20, 480.64 million in 2010. The study suggested that Nigerian government should adopt appropriate monetary policies to ensure stability in the foreign exchange market in view of the bizarre implications of fluctuations on economic welfare.

Keywords: economic; agricultural exports; welfare; empirical; assessment (search for similar items in EconPapers)
JEL-codes: B22 (search for similar items in EconPapers)
Date: 2008-11-10
New Economics Papers: this item is included in nep-afr and nep-agr
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