Abstract
The interaction among macroeconomic indicators causes shock among themselves and by extension shocks on other macroeconomic variables including agricultural performance. This study investigated agricultural performance amidst macroeconomic instability in Nigeria. Data on the study variables spanning from first quarter of 2010 to the fourth quarter of 2017 was sourced from the Statistical Bulletin of the Central Bank of Nigeria. Diagnostic checks revealed that the variables were integrated of order I(0) and I(1) hence the used of the Autoregressive Distributed Lagged model The cointegration bounds test indicated a long run cointegration consequently the ECM which results showed a correct sign, significant effect and 40.1% speed of adjustment. Empirical, results also indicated that; 91.3% variation in agricultural sector performance was explained by the adopted explanatory variables of the parsimonious model (R2 =0.913). Particularly, changes in the fourth lag of agricultural sector performance, current period exchange rate, the first, second and third lag of exchange rate were significant determinant of agricultural performance within the period under review.
Sign-in/Register to access full text options 
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 callMore From: Asian Journal of Economics, Business and Accounting
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.
