ABSTRACT
In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. As some contend that agricultural development is a pre-condition for industrialization, others strongly object it and argue for a different path. Taking advantage of ordinary least square method (OLS), the research carried out by means of secondary data and using the independent variables. Agricultural Development (AGD), Capital Formation (CFN) Inflation Rate (INF), and Interest Rate (INT) to re-examine the question of whether agriculture could serve as an engine of Economic growth in Nigeria. The result gotten from the empirical analysis shows that the productivity in agricultural sector has appreciably impacted positively on the economic growth in Nigeria.
TABLE OF CONTENTS PAGE Title Page ………………………………………….. i
Certification ……………………………………….. ii
Dedication……………………………………………. iii
Acknowledgements…………………………………… iv
Abstract………………………………………………… vi
Table of Contents…………………………………….. vii
In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. As some contend that agricultural development is a pre-condition for industrialization, others strongly object it and argue for a different path. Taking advantage of ordinary least square method (OLS), the research carried out by means of secondary data and using the independent variables. Agricultural Development (AGD), Capital Formation (CFN) Inflation Rate (INF), and Interest Rate (INT) to re-examine the question of whether agriculture could serve as an engine of Economic growth in Nigeria. The result gotten from the empirical analysis shows that the productivity in agricultural sector has appreciably impacted positively on the economic growth in Nigeria.
TABLE OF CONTENTS PAGE Title Page ………………………………………….. i
Certification ……………………………………….. ii
Dedication……………………………………………. iii
Acknowledgements…………………………………… iv
Abstract………………………………………………… vi
Table of Contents…………………………………….. vii
CHAPTER ONE: INTRODUCTION 1 1.1 Background of the Study…………………….. 1
1.2 Statement of the Problem……………………… 6
1.3 Objectives of the Study………………………… 11
1.4 Statement of Hypothesis………………………. 11
1.5 Significance of the Study………………… ….. 11
1.6 Scope and Limitation………………………….. 13
CHAPTER TWO: LITERATURE REVIEW 2.1 Theoretical Literature………………………….. 14
2.1.1 Agricultural Linkages and Economic Growth and Development…………………….. 18
2.1.2 Problems Associated with Agricultural Development……………………… 19
2.1.3 Impact of Food Importation………………….. 22
2.2. Empirical Literature……………………………. 24
2.2.1 Agriculture and Poverty Reduction……… 25
2.2.2 Agriculture and Nutrition…………………… 26
2.2.3 Limitation of Previous Studies…………….. 31
1.2 Statement of the Problem……………………… 6
1.3 Objectives of the Study………………………… 11
1.4 Statement of Hypothesis………………………. 11
1.5 Significance of the Study………………… ….. 11
1.6 Scope and Limitation………………………….. 13
CHAPTER TWO: LITERATURE REVIEW 2.1 Theoretical Literature………………………….. 14
2.1.1 Agricultural Linkages and Economic Growth and Development…………………….. 18
2.1.2 Problems Associated with Agricultural Development……………………… 19
2.1.3 Impact of Food Importation………………….. 22
2.2. Empirical Literature……………………………. 24
2.2.1 Agriculture and Poverty Reduction……… 25
2.2.2 Agriculture and Nutrition…………………… 26
2.2.3 Limitation of Previous Studies…………….. 31
CHAPTER THREE: RESEARCH AND METHODOLOGY
3.1 Area of Study and Coverage……………….. 33
3.2 Model Specification ………………………….. 34
3.3 Data Sources …………………………………. 36
3.4 Method of Evaluation ………………………... 36
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS
4.1 Presentation of Result ……………………… 40
4.1.1 Analysis of Results Based on Economic criteria …………………………... 41
4.1.2 Summary of the Aprior Signs…………..... 42
4.2 Analysis Based on Statistical Criteria (1st Order Test) ……………………... 42
4.2.1 Coefficient of multiple determinations (R2) 42
4.2.2 Test of Significance of the Parameter (t-test) 43
4.2.3 The f-statistics test…………………………….. 45
4.3 Econometrics Test or (2nd Order Test)…….. 46
4.3.1 Test for Autocorrelation ……………..……… 46
4.3.2 Heteroskedasticity Test…………………… 47
4.3.3 Normality Test……………………………… 48
4.3.4 Multi-Collinearity Test …………………... 49
CHAPTER FIVE: SUMMARY RECOMMENDATION AND CONCLUSION
5.1 Summary …………………………………. 50
5.2 Policy Recommendation………………… 50
5.3 Conclusion ……………………………… 53
Bibliography……………………………… 54
Appendix
3.1 Area of Study and Coverage……………….. 33
3.2 Model Specification ………………………….. 34
3.3 Data Sources …………………………………. 36
3.4 Method of Evaluation ………………………... 36
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS
4.1 Presentation of Result ……………………… 40
4.1.1 Analysis of Results Based on Economic criteria …………………………... 41
4.1.2 Summary of the Aprior Signs…………..... 42
4.2 Analysis Based on Statistical Criteria (1st Order Test) ……………………... 42
4.2.1 Coefficient of multiple determinations (R2) 42
4.2.2 Test of Significance of the Parameter (t-test) 43
4.2.3 The f-statistics test…………………………….. 45
4.3 Econometrics Test or (2nd Order Test)…….. 46
4.3.1 Test for Autocorrelation ……………..……… 46
4.3.2 Heteroskedasticity Test…………………… 47
4.3.3 Normality Test……………………………… 48
4.3.4 Multi-Collinearity Test …………………... 49
CHAPTER FIVE: SUMMARY RECOMMENDATION AND CONCLUSION
5.1 Summary …………………………………. 50
5.2 Policy Recommendation………………… 50
5.3 Conclusion ……………………………… 53
Bibliography……………………………… 54
Appendix
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2016, 01). The Impact Of Agricultural Development On Nigeria Economic Growth (2000-2014).. ProjectStoc.com. Retrieved 01, 2016, from https://projectstoc.com/read/7114/the-impact-of-agricultural-development-on-nigeria-economic-growth-2000-2014-8149
"The Impact Of Agricultural Development On Nigeria Economic Growth (2000-2014)." ProjectStoc.com. 01 2016. 2016. 01 2016 <https://projectstoc.com/read/7114/the-impact-of-agricultural-development-on-nigeria-economic-growth-2000-2014-8149>.
"The Impact Of Agricultural Development On Nigeria Economic Growth (2000-2014).." ProjectStoc.com. ProjectStoc.com, 01 2016. Web. 01 2016. <https://projectstoc.com/read/7114/the-impact-of-agricultural-development-on-nigeria-economic-growth-2000-2014-8149>.
"The Impact Of Agricultural Development On Nigeria Economic Growth (2000-2014).." ProjectStoc.com. 01, 2016. Accessed 01, 2016. https://projectstoc.com/read/7114/the-impact-of-agricultural-development-on-nigeria-economic-growth-2000-2014-8149.
- Related Works
- The Impact Of Liquidity On The Performance Of Commercial Bank In Nigeria Plc (a Case Study Of First Bank Of Nigeria)
- Mobilization Of Domestic Savings For Economic Growth And Development In The Banking Industry. (a Case Study Of Union Bank Of Nigeria Plc) Enugu 1990 – 2000
- An Analysis Of The Economic Impact Of Stock Market On Nigerian Economy (1986-2010)
- The Impact Of Public Spending On Poverty Reduction In Nigeria
- Economic Effect Of Unemployment In The Nigerian Economy (a Study Of Enugu North)
- The Economic Effect Of Unemployment On The Nigeria Economy (a Case Study Of Ndokwa West L.g.a In Delta State).
- The Impact Of Microfinance On Entreneurship Development In Nigeria
- An Empirical Analysis Of The Impact Of Private Sector On The Economic Growth And Development Of Nigeria (1980–2013)
- The Determinants And Development Implication Of Unemployment In Nigeria
- The Impact Of Effective Management Of Resources In Solving Unemployment Problem In Nigeria (igbo-eze South Local Government Are)