Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output
There has been many significant research efforts that have been devoted to understand the effects of macroeconomic factors on the agriculture sector in Nigeria. In addition to the macroeconomic factors, Structural Adjustment Programme (SAP) over the period 1981 to 2017 will be included into the scen...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Master Program in Economics, Graduate Program of Universitas Jambi
2019-07-01
|
| Series: | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| Subjects: | |
| Online Access: | https://online-journal.unja.ac.id/JES/article/view/6672 |
| _version_ | 1818531570607194112 |
|---|---|
| author | Oluwatoyese Oluwapemi Oyetade Shri Dewi Applanaidu Oyetade Eunice Modupe |
| author_facet | Oluwatoyese Oluwapemi Oyetade Shri Dewi Applanaidu Oyetade Eunice Modupe |
| author_sort | Oluwatoyese Oluwapemi Oyetade |
| collection | DOAJ |
| description | There has been many significant research efforts that have been devoted to understand the effects of macroeconomic factors on the agriculture sector in Nigeria. In addition to the macroeconomic factors, Structural Adjustment Programme (SAP) over the period 1981 to 2017 will be included into the scenario of this study to examine the effects of these factors on agricultural output in Nigeria. This paper employed co-integration analysis and multivariate Granger causality which is carried out using VECM approach to analyse the causal links among all the variables considered for estimation. The findings showed relationship that exists between the agricultural output which is the dependent variable and the independent variables. It also revealed the variations between the dependent and independent variables which are Gross Domestic Product (GDP) growth rate, interest rate, foreign direct investment (FDI), commercial bank loan on agriculture, SAP and inflation rate. In conclusion, commercial loan on agriculture, FDI, interest and inflation rate were macroeconomic variables that contributed to agricultural output in Nigeria within the period examined. |
| first_indexed | 2024-12-11T17:34:11Z |
| format | Article |
| id | doaj.art-c46263032423417e9cf712995201f1fb |
| institution | Directory Open Access Journal |
| issn | 2338-4603 2355-8520 |
| language | English |
| last_indexed | 2024-12-11T17:34:11Z |
| publishDate | 2019-07-01 |
| publisher | Master Program in Economics, Graduate Program of Universitas Jambi |
| record_format | Article |
| series | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| spelling | doaj.art-c46263032423417e9cf712995201f1fb2022-12-22T00:56:43ZengMaster Program in Economics, Graduate Program of Universitas JambiJurnal Perspektif Pembiayaan dan Pembangunan Daerah2338-46032355-85202019-07-016666967810.22437/ppd.v6i6.66726672Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural outputOluwatoyese Oluwapemi Oyetade0Shri Dewi Applanaidu1Oyetade Eunice Modupe2Department of Economics, College of Business and Social Sciences, Landmark University, NigeriaDepartment of Economics and Agribusiness, School of Economics, Finance & Banking (SEFB), Universiti Utara Malaysia, MalaysiaDepartment of Social Studies, Faculty of Education, Lagos State College of Primary Education (LACOPED), NigeriaThere has been many significant research efforts that have been devoted to understand the effects of macroeconomic factors on the agriculture sector in Nigeria. In addition to the macroeconomic factors, Structural Adjustment Programme (SAP) over the period 1981 to 2017 will be included into the scenario of this study to examine the effects of these factors on agricultural output in Nigeria. This paper employed co-integration analysis and multivariate Granger causality which is carried out using VECM approach to analyse the causal links among all the variables considered for estimation. The findings showed relationship that exists between the agricultural output which is the dependent variable and the independent variables. It also revealed the variations between the dependent and independent variables which are Gross Domestic Product (GDP) growth rate, interest rate, foreign direct investment (FDI), commercial bank loan on agriculture, SAP and inflation rate. In conclusion, commercial loan on agriculture, FDI, interest and inflation rate were macroeconomic variables that contributed to agricultural output in Nigeria within the period examined.https://online-journal.unja.ac.id/JES/article/view/6672Agriculture outputMacroeconomics factorsGross Domestic ProductSAP |
| spellingShingle | Oluwatoyese Oluwapemi Oyetade Shri Dewi Applanaidu Oyetade Eunice Modupe Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Agriculture output Macroeconomics factors Gross Domestic Product SAP |
| title | Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output |
| title_full | Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output |
| title_fullStr | Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output |
| title_full_unstemmed | Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output |
| title_short | Empirical analysis of macroeconomic factors and Structural Adjustment Program (SAP) on agricultural output |
| title_sort | empirical analysis of macroeconomic factors and structural adjustment program sap on agricultural output |
| topic | Agriculture output Macroeconomics factors Gross Domestic Product SAP |
| url | https://online-journal.unja.ac.id/JES/article/view/6672 |
| work_keys_str_mv | AT oluwatoyeseoluwapemioyetade empiricalanalysisofmacroeconomicfactorsandstructuraladjustmentprogramsaponagriculturaloutput AT shridewiapplanaidu empiricalanalysisofmacroeconomicfactorsandstructuraladjustmentprogramsaponagriculturaloutput AT oyetadeeunicemodupe empiricalanalysisofmacroeconomicfactorsandstructuraladjustmentprogramsaponagriculturaloutput |