Abstract

This study evaluates the effect of agriculture value added in the relationship between agricultural export and economic growth in Nigeria from 2000 to 2022 by employing time series data and deploying Augmented Dicky- Fuller unit root, Auto-regressive Distributed lag (ARDL) framework, and Dynamic Ordinary Least Square (DOLS) technique for analysis. The results reported showed that agricultural raw materials exports (LNAGXP) has a positive effect on real gross domestic product while agriculture value added exhibited a negative relationship with real gross domestic product. However, Nigeria needs to improve on its primary agriculture production base in order to generate enough income from exports. In the same vein, the country needs to explore research and incorporate value addition in it exports. Including value additions to exports in the country will contribute to the country’s economic development and real GDP, it will generate more income and also provide jobs, thereby reducing unemployment rate, and increasing competitiveness in the global market.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.