Agricultural Productivity and Economic Growth in Nigeria, 1950- 1964
Author : Milton A. Iyoha
Publisher :
Page : 54 pages
File Size : 31,10 MB
Release : 1972
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ISBN :
Author : Milton A. Iyoha
Publisher :
Page : 54 pages
File Size : 31,10 MB
Release : 1972
Category :
ISBN :
Author : Carol Mamie Anderson
Publisher :
Page : 368 pages
File Size : 25,64 MB
Release : 1971
Category :
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Author : Comfort Amire
Publisher :
Page : pages
File Size : 12,38 MB
Release : 2017
Category :
ISBN :
The crucial role agricultural productivity plays in the overall development of a nation cannot be overemphasized. It is not only seen as a key to poverty reduction and vehicle for promoting equity, fairness and social justice but also helps to supply the essential economic ingredients which are necessary condition for sustained economic growth. Thus, enhancing effective investment on the agricultural sector in order to boost its capacity has been a tenet of growth and development strategies of most developed countries. The basic objective of this work is to carry out an empirical investigation on the effect of agricultural productivity on economic growth in Nigeria, using annual time series data from 2000 to 2014. The paper employs the Ordinary Least Square (OLS) method. Empirical results indicate that there is, indeed a long-run relationship between agricultural productivity and economic growth. All the variables including, the GDP contribution of the agricultural sector, gross expenditure on agriculture and gross access to bank (agricultural) loans/credit had the expected positive signs in the Nigerian economy and were also tested in relation to economic growth by using the Pearson correlation co-efficient. The findings have a strong implication on agricultural policy in Nigeria. The study suggest that a concerted effort should be made by policy makers to concentrate on the productivity of the agricultural sector in order to boost its production capacity, which would enhance productivity of output and in turn stimulates economic growth.
Author :
Publisher :
Page : 152 pages
File Size : 47,48 MB
Release : 1966
Category : Nigeria
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Author : United States. Dept. of Agriculture. Economic Research Service. Foreign Development and Trade Division
Publisher :
Page : 212 pages
File Size : 47,57 MB
Release : 1970
Category : Agricultural industries
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Author : Peter Kilby
Publisher : CUP Archive
Page : 424 pages
File Size : 48,9 MB
Release : 1967
Category : Industrialization
ISBN :
Author : Gerald K. Helleiner
Publisher :
Page : 630 pages
File Size : 11,96 MB
Release : 1966
Category : Agriculture
ISBN :
Study of the economic development of Nigeria since 1900 with particular emphasis on the period since world war 2 - covers economic growth, traditional agriculture, export of agricultural products, marketing boards, price stabilisation, financial aspects, etc., and includes chapters on the infrastructure, education, industrialization, the manufacturing industry and economic planning. Statistical tables, and bibliography pp. 353 to 384.
Author : United States. Agency for International Development. Bureau for Technical Assistance
Publisher :
Page : 458 pages
File Size : 45,74 MB
Release : 1976
Category : Agricultural assistance, American
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Author :
Publisher :
Page : 756 pages
File Size : 33,57 MB
Release : 1976
Category : Geography
ISBN :
Author : David Bevan
Publisher : World Bank Publications
Page : 482 pages
File Size : 47,66 MB
Release : 1999
Category : Income distribution
ISBN : 0195209869
This book analyzes economic developments of Indonesia and Nigeria during the period 1950-85. It addresses why Indonesia was so much more successful than Nigeria during this period. The book consists of three parts. Part I focuses on Nigeria and part II on Indonesia. The first chapters in each part provide a narrative of the political economy, focusing on the various phases since 1950. This is followed by a chapter summarizing the effects on economic growth and poverty. The large divergences in outcome must be attributed to differences in economic policies. It first considers policies in the factor and product markets that mediated between factor endowments and the growth and distributional outcomes. Then it turns to the broader array of economic policies. Finally, it attempts to relate policies to the underlying political processes and interest groups that generated them. Each part concludes by explaining the salient economic outcomes as a result of both policy and the underlying politics. Part III features a concluding comparison by using economic histories to compare the two countries. First it examines the outcomes, then the policies. Finally it contrasts the political processes and interest groups that it suggests account for these important policy differences.