IDEAS home Printed from https://ideas.repec.org/a/igg/jsem00/v11y2022i1p1-16.html
   My bibliography  Save this article

Do Exchange Rate Volatility and Public Expenditures Influence Selected Crop Output in Nigeria?

Author

Listed:
  • Ayuba Ali

    (University of Agriculture, Makurdi, Nigeria)

  • Hephzibah Onyeje Obekpa

    (University of Agriculture, Makurdi, Nigeria)

  • Moses Adejo Adejo

    (University of Agriculture, Makurdi, Nigeria)

Abstract

This study assessed the impact of exchange rate volatility and public expenditure on selected crop output in Nigeria from 1981 to 2018. Time series data for the study were obtained from the Central Bank of Nigeria (CBN). Inferential statistics such as Co-integration analysis, Error Correction Model (ECM) and Autoregressive Conditional Heteroskedasticity (ARCH) and Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model were employed alongside some preliminary unit root tests. All the variables achieved stationarity after the first difference, which prompted the application of co-integration analysis. The Co-integration tests showed the existence of long-run equilibrium relationships among the variables. The result of ECM indicates that the exchange rate is positive and significant. Government expenditure showed a positive effect on crop output, and the ARCH and GARCH test for exchange rate volatility reveals that the exchange rate is weakly volatile in Nigeria within the study period. Policies and recommendations are also discussed.

Suggested Citation

  • Ayuba Ali & Hephzibah Onyeje Obekpa & Moses Adejo Adejo, 2022. "Do Exchange Rate Volatility and Public Expenditures Influence Selected Crop Output in Nigeria?," International Journal of Sustainable Economies Management (IJSEM), IGI Global, vol. 11(1), pages 1-16, January.
    • Handle: RePEc:igg:jsem00:v:11:y:2022:i:1:p:1-16
    as

    Download full text from publisher

    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJSEM.299425
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:igg:jsem00:v:11:y:2022:i:1:p:1-16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journal Editor (email available below). General contact details of provider: https://www.igi-global.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.