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The Impact Of Agricultural Expenditure On Economics (1980-2013)

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ABSTRACT
This study empirically examined the impact of agricultural expenditure on agriculture on economic growth in Nigeria over the years (1980-2013). The main objective of this study is to determine the impact of agricultural expenditure on economic growth in Nigeria from 1980-2013. This study used secondary source of data, which covers about 35 years. Co-integration estimating technique of data analysis was used in evaluating the secondary data. GDP was used as a proxy to economic growth, while agricultural output and government expenditure on agriculture were used as indicators of government expenditure on agriculture. From the findings agricultural output and GDP are positively related, government expenditure on agriculture and GDP was negatively related. It was found that a negative relationship exist between agricultural expenditure and the economic growth in Nigeria. The findings also revealed that the sector still encounter some problems like inadequate finance, poor infrastructure, and others. Therefore, the study recommends that it is imperative for the country to develop its agricultural sector through sufficient government spending in order to set-up its economic growth. It emphasizes the need to enlighten farmers, improve and provide infrastructures, accord a priority to the sector in budget allocation, enthrone adequate and appropriate extension services, among other measures laid by the government.

Table of content
Title page…………………………………………………………………………………………. i
vi
Certification……………………………………………………………………………………… ii
Dedication ………………………………………………………………………………………..iii
Acknowledgements……………………………………………………………………………… iv
Abstract ………………………………………………………………………………………….. v
Table of content ………………………………………………………………………………… vi


CHAPTER ONE: INTRODUCTION ……………………………………………………………1
1.1 Background to the Study ……………………………………………………………………..1
1.2 Statement of the Problem……………………………………………………………………...4
1.3 Objectives of the Study………………………………………………………………………..5
1.4 Research Hypotheses ………………………………………………………………………... 5
1.5 Significance of the Study ……………………………………………………………………..5
1.6 Scope of the Study ……………………………………………………………………………5
1.7 Organization of the study……………………………………………………………………...6
1.8 Definition of terms…………………………………………………………………………….6


CHAPTER TWO: REVIEW OF LITERATURE…………………………………………………7
2.1 Introduction……………………………………………………………………………………7
2.2 Conceptual issues……………………………………………………………………………...9
2.2.1 Agricultural output…………………………………………………………………………10
2.2.2 History of Agricultural Sector……………………………………………………………..10
2.2.3 Dutch Disease Syndrome…………………………………………………………………..12
2.2.4 Dutch Disease Syndrome and Agricultural Sector………………………………………...13
2.2.5 Challenges Facing Agricultural Productivity Sector………………………………………14
2.2.6 Agricultural Policies and Strategies………………………………………………………..16
2.2.7 The National Agricultural Policy…………………………………………………………..16
2.2.8 The Structural Adjustment Program……………………………………………………….17
2.2.9 Problem/Challenges of the Agricultural Reforms, Policies and Programmes……………..18
2.3 Theoretical framework……………………………………………………………………….19
2.4 Empirical evidence…………………………………………………………………………...22


CHAPTER THREE: RESEARCH METHODOLOGY…………………………………………26
3.1 Sources and methods of data collection……………………………………………………...26
3.2 Model specification…………………………………………………………………………..26
3.2.1 A Priori Expectation……………………………………………………………………….27
3.2.2 Measurement of variables………………………………………………………………….27
3.3 Estimation techniques………………………………………………………………………..28


CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS…………………………….30
4.1 Data presentation and Data analysis…………………………………………………………30
Table 4.1: Unit Root Test………………………………………………………………………..30
Table 4.2: Co-integration Test Result……………………………………………………………31
Table 4.3: Regression Result………………………………………………………………….....31
4.2 Discussion of findings……………………………………………………………………….33
4.2.1 Objective 1…………………………………………………………………………………33
4.2.2 Objective 2…………………………………………………………………………………34


CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION………………35
5.1 Summary of findings…………………………………………………………………………35
5.2 Conclusions…………………………………………………………………………………..35
5.3 Recommendations……………………………………………………………………………35
References………………………………………………………………………………………..37
Appendix........................................................................................................................................40
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(2016, 08). The Impact Of Agricultural Expenditure On Economics (1980-2013).. ProjectStoc.com. Retrieved 08, 2016, from https://projectstoc.com/read/7900/the-impact-of-agricultural-expenditure-on-economics-1980-2013-5794
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"The Impact Of Agricultural Expenditure On Economics (1980-2013).." ProjectStoc.com. 08, 2016. Accessed 08, 2016. https://projectstoc.com/read/7900/the-impact-of-agricultural-expenditure-on-economics-1980-2013-5794.