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Economic Growth Agricultural Output and Tourism Development in Nigeria An Application of the ARDL Bound Testing Approach

Author

Listed:
  • Adedoyin LAWAL

    (Landmark University Nigeria)

  • Abiola ASALEYE

    (Landmark University Nigeria)

  • Joseph ISEOLORUNKANMI

    (Landmark University Nigeria)

  • Olabisis POPOOLA

    (Covenant University Nigeria)

Abstract

Drawing from three tourism growth theories tourism led growth theory growth led tourism theory tourism growth neutrality theory and one agriculture growth nexus theory agriculture overlapping theory this study used the autoregressive distributed lag ARDL bound testing approach to examine whether or not cointegration exist among economic growth agricultural output and tourism development in Nigeria We intend to know what policy instruments need to be manipulated so as to achieve economic growth increase agricultural output and enhance tourism development From the results it is evidence that a two way cointegration exists between economic growth and agricultural output on the one hand and between economic growth and tourism development on the other hand The study also observed that a compelling long run relationship exist between agricultural output and tourism development To achieve sustainable economic growth policy makers are advised to pursue heavy investment in the tourism industry adopts improved farming strategies driven by simple technology among others

Suggested Citation

  • Adedoyin LAWAL & Abiola ASALEYE & Joseph ISEOLORUNKANMI & Olabisis POPOOLA, 2018. "Economic Growth Agricultural Output and Tourism Development in Nigeria An Application of the ARDL Bound Testing Approach," Journal of Advanced Research in Management, ASERS Publishing, vol. 9(4), pages 786-794.
    • Handle: RePEc:srs:jemt00:v:9:y:2018:i:4:p:786-794
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    Cited by:

    1. Riza Radmehr & Ernest Baba Ali & Samira Shayanmehr & Sayed Saghaian & Elham Darbandi & Ebenezer Agbozo & Samuel Asumadu Sarkodie, 2022. "Assessing the Global Drivers of Sustained Economic Development: The Role of Trade Openness, Financial Development, and FDI," Sustainability, MDPI, vol. 14(21), pages 1-21, October.
    2. Garrod Brian & Almeida António & Machado Luiz, 2023. "Modelling of nonlinear asymmetric effects of changes in tourism on economic growth in an autonomous small-island economy," European Journal of Tourism, Hospitality and Recreation, Sciendo, vol. 13(2), pages 154-172, December.
    3. Oyetade, Oluwatoyese Oluwapemi & Adeyeye, Oluwaseun, 2024. "Higher Derivative Block Method Forecast Analysis of Agricultural Components and Their Impact on Economic Growth," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 12(1), January.
    4. Lawal, Adedoyin Isola & Ozturk, Ilhan & Olanipekun, Ifedolapo O. & Asaleye, Abiola John, 2020. "Examining the linkages between electricity consumption and economic growth in African economies," Energy, Elsevier, vol. 208(C).
    5. Joseph U. Madugba & E. Ben-Caleb & Adedoyin I. Lawal & Uche T. Agburuga, 2020. "Firm Size and Tax Saving Behaviour of Listed Companies in Nigeria," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 9, May.

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