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Empirical Assessment of Nigeria’s Agricultural Export and Economic Welfare

Author

Listed:
  • Nwachukwu, Ifeanyi
  • Ehumadu, Felix
  • Mejeha, Remy
  • Nwaru, Jude
  • Agwu, Nnanna
  • Onwumere, Joe

Abstract

This paper assessed empirically Nigeria’s agricultural export and economic welfare. Data used for the study were obtained from secondary sources, bulk of which was collected from institutional and national databases over 1990-2005 and were analyzed using multiple regression and growth rate analysis. The results showed that agricultural output, inflation, subsidy, exchange rate, food import and export were statistically significant at various risk levels and have major implications on the economic welfare of Nigeria. Economic welfare was found to have grown at rate of 2.9% over the period and would be expected to reach N20, 480.64 million in 2010. The study suggested that Nigerian government should adopt appropriate monetary policies to ensure stability in the foreign exchange market in view of the bizarre implications of fluctuations on economic welfare.

Suggested Citation

  • Nwachukwu, Ifeanyi & Ehumadu, Felix & Mejeha, Remy & Nwaru, Jude & Agwu, Nnanna & Onwumere, Joe, 2008. "Empirical Assessment of Nigeria’s Agricultural Export and Economic Welfare," MPRA Paper 12636, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:12636
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    File URL: https://mpra.ub.uni-muenchen.de/12636/1/MPRA_paper_12636.pdf
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    References listed on IDEAS

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    1. repec:aer:wpaper:87 is not listed on IDEAS
    2. Adubi, A.A. & Okunmadewa, F., 1999. "Price, Exchange Rate Volatility and Nigeria's Agricultural Trade Flows: a Dynamic Analysis," Papers 87, African Economic Research Consortium.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic; agricultural exports; welfare; empirical; assessment;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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