IMPACT OF LIVESTOCK PRODUCTION ON GROSS DOMESTIC PRODUCT IN NIGERIA (original) (raw)
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Advanced Journal of Social Science, 2019
This paper attempts to study the Nigerian agriculture industry as a panacea to growth as well as an anchor to the diversification agenda of the present government. To do this, the time series data of the four agriculture subsectors of crop production, livestock, forestry and fishery were analysed as stimulus to the Real GDP from 1981-2016 in order to explicate the individual contributions of the subsectors to the RGDP in order to guide the policy thrust on diversification. Using the Johansen approach to cointegration, all the variables were found to be cointegrated. With the exception of the forestry subsector, all the three subsectors were seen to have impacted on the real GDP at varying degrees during the time under review. The crop production subsector has the highest impact, however, taking size-by-size analysis, the livestock subsector could be of much importance due to its ability to retain its value chain and high investment returns particularly in poultry. Therefore, it is r...
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IJCIRAS, 2020
This study analyses the economic impact of government agricultural expenditure on agricultural production output in Nigeria from (1981-2018).Time series data was used and sourced from World Bank and Central Bank of Nigeria (CBN) Statistical Bulletin annual reports. The variables used in the model were agricultural production output as the dependent variable, total government expenditure on agriculture, gross capital formation, domestic savings, credit from commercial bank to agricultural sector, and labour force participation as independent variables. The study adopted various processes of the popular bound testing approach to co-integration (Auto Regressive Distributed Lagged model), and the findings suggest that there is long run relationship among agricultural production output, total government expenditure on agriculture, gross capital formation, domestic savings, credit from commercial bank to agricultural sector, and labour force participation. Also, findings reveals that total government expenditure on agriculture, gross capital formation, domestic savings, credit from commercial bank to agricultural sector, and labour force participation had no significant impact on agricultural production output in the short-run, while in the long-run, all the independent variables except for domestic savings had significant positive impact on agricultural production output. Based on the findings, the study suggests that government agricultural expenditure significantly promotes agricultural production output in Nigeria. Therefore, policy makers and regulatory authorities should create an enabling environment geared towards mobilizing domestic savings from small scale famers, encourage and strengthen credit schemes to famers, encourage labour force participation rate in the sector in order to enhance agricultural output and productivity in Nigeria.
Livestock play multiple critical role in the Ethiopian economy by providing food, input for crop production and soil fertility management, raw material for industry, cash income as well as in promoting saving, fuel, social functions, and employment. Despite of owning the largest livestock resources in the country. The sector not yet reached the desired stage of development due to several factors and constraints. The main objective of this study is to investigate the effect of livestock government expenditure on livestock development in Ethiopia using a time series data from 1980-2019, also the study identifies the contribution of sector to the economic development and expenditure adequacy. A secondary data collected from published and unpublished source of MoA, MoFAD, CST, NBE, and FAOSTAT used on the variables of livestock GDP share, government livestock expenditure, livestock export value, livestock population, livestock production index, animal health service coverage, change in cattle death rate and control variables (inflation and exchange rate). The long-run and the short-run interaction among the variables identified using Johansson cointegration and Vector Error Correction methods. The long-run analysis indicates that livestock expenditure, livestock population and production index have a significant positive impact on the development of the livestock sector at 1% significant level, while the control variables have negative effect. Also, change in cattle death rate has positive effect at 5% significant. The long-run elasticity of the government expenditure has 0.998% impact on the sectoral development. In short-run the current year sectoral development has negative 1.6% effect on next year development while current year expenditure has 1.7% positive impact. The descriptive analysis deployed to identify the adequacy of expenditure and its contribution on economic development and the result show that highly inadequate spending and tangible contribution to national economy. In general, the government spending shows the commitment of the government and its role to support the sector and the study identify that the livestock sector has significant importance on the economy but less government expenditure, that need improvement by expanding livestock related revenue collection and proper resource allocation with utilization.
Exploratory Model of the Impact of Agriculture on Nigerian Economy
2018
"This paper explored four models in determining the impact of four agricultural sub-sectors of on the Nigerian GDP. The data is on the contribution of four different sub-sectors of agriculture on Nigerian Economy and was obtained from Central Bank of Nigeria statistical bulletin. The findings revealed that ridge regression and PCR are good regression estimation methods for predicting GDP. From the models there is strong indication that fish production in Nigeria is too insufficient to sustain her ever increasing population and improve her economy. Also, the ever increasing demand for fish by Nigerians due to high cost of meat in the market is clearly shown in the models and this stands to say that a lot need to be done to improve fish production in Nigeria to ensure sustainable growth and development. Okeke, Evelyn Nkiruka | Okeke, Joseph Uchenna""Exploratory Model of the Impact of Agriculture on Nigerian Economy"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-4 , June 2017, URL: http://www.ijtsrd.com/papers/ijtsrd162.pdf Article URL: http://www.ijtsrd.com/economics/development-economics/162/exploratory-model-of-the-impact-of-agriculture-on-nigerian-economy/okeke-evelyn-nkiruka"
uIMPACT OF AGRICULTURAL SECTOR OUTPUT ON ECONOMIC PERFORMANCE OF NIGERIA (1986 – 2014
This research work investigates the contribution of the agricultural sector output to economic performance in Nigeria using the Solow-Swan growth model as the framework and time series data from 1986 to 2014 using macroeconomic time series variables of agricultural output, gross fixed capital formation and school enrollment and gross domestic product. Time series data were sourced from Central World Development Indicators (WDI), meanwhile, the study employed Ordinary Least Squares (OLS) econometric technique as the estimation method. In the study, it was found that the agricultural output has contributed positively and consistently to economic growth in Nigeria, reaffirming the sector’s importance in the economy. The major conclusion drawn is that agriculture is an engine of economic growth in Nigeria and efforts should be made to add value to the sector through increased investment. Thus, it is recommended that since agriculture has positive impact on the Nigerian economy, the government should see that a higher percentage of allocations are invested on agricultural sector so that the economy will keep on growing in an increasing rate.