IDEAS home Printed from https://ideas.repec.org/a/pkp/ijosar/v6y2019i1p47-60id270.html
   My bibliography  Save this article

Agric Financing and its Impact on Agricultural GDP: An ARDL Approach

Author

Listed:
  • Ndubuaku Victor C
  • Okoro Okoro E.U
  • Bello Kabiru
  • Alozie Chiaka P

Abstract

This research investigated the impact of agricultural financing on agricultural sector contribution to GDP in Nigeria. The objective of the study was to determine whether agricultural financing had any significant impact on agricultural contribution to GDP in Nigeria. The dataset covered a 36year period from 1981-2016. Data was sourced from the CBN statistical Bulletin. The dependent variable was the Agricultural GDP (AGDP). The independent variables were government funding {represented by Government Capital Expenditure on Agriculture (GCAG) and Government Recurrent Expenditure on Agriculture (GRAG) }, Agric Credit Guarantee scheme Fund (ACGSF) and Commercial Banks’ Credit, Loans and Advances to the Agricultural Sector (CBCA). Standard analytical tests were used to determine the properties of the data. The Auto Regressive Distributed Lagged regression model (ARDL) was used to estimate the data. The study found that government funding to agriculture and Agric Credit Guarantee scheme Fund (ACGSF) had a non-significant impact on Agricultural Contribution to GDP (AGDP). On the other hand, the study found that Commercial Banks’ Credit, Loans and Advances to the Agricultural Sector (CBCA) had a positively significant impact on AGDP. The study recommended the sustenance of government policy that encouraged consistent injection of funds into agriculture. It advocated that a sizeable portion of Commercial Banks’ credit should be channelled to agricultural production.

Suggested Citation

  • Ndubuaku Victor C & Okoro Okoro E.U & Bello Kabiru & Alozie Chiaka P, 2019. "Agric Financing and its Impact on Agricultural GDP: An ARDL Approach," International Journal of Sustainable Agricultural Research, Conscientia Beam, vol. 6(1), pages 47-60.
    • Handle: RePEc:pkp:ijosar:v:6:y:2019:i:1:p:47-60:id:270
    as

    Download full text from publisher

    File URL: https://archive.conscientiabeam.com/index.php/70/article/view/270/366
    Download Restriction: no
    File URL: https://archive.conscientiabeam.com/index.php/70/article/view/270/3057
    Download Restriction: no
    ---><---

    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:pkp:ijosar:v:6:y:2019:i:1:p:47-60:id:270. 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: Dim Michael (email available below). General contact details of provider: https://archive.conscientiabeam.com/index.php/70/ .

    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.