Output Of Agricultural Sector Research Articles

Agricultural Sector Output and Economic Growth Sustainability in Nigeria

This study examined the impact of agricultural sector output on economic growth and sustainability in Nigeria. The data for the study were extracted from the Central Bank of Nigeria (CBN) Statistical Bulletin. The methodology adopted in the research is linear regression with the application of the Ordinary Least Squares (OLS) Technique. The E-views 10 was the econometric software used for the research. The major findings of the study reveal that agricultural output contributes negatively and insignificantly to economic growth, government agricultural expenditures contribute negatively and insignificantly to economic growth, rainfall contributes negatively and insignificantly to economic growth and foreign direct investment in the agricultural sector contributes negatively and insignificantly to economic growth. It is therefore the recommendation of this paper that the government of Nigeria should encourage farmers by giving soft loans for agricultural activities. This will help farmers meet with financial needs in terms of purchasing some seeds, hiring machines, etc. thereby boosting massive agricultural production in Nigeria.

Monitoring Agricultural Land Loss by Analyzing Changes in Land Use and Land Cover

The agricultural sector's output holds paramount significance for the global population, serving as an indispensable resource for survival and consumption. Consequently, alterations in agricultural landscapes bear substantial implications for the world's food supply. The objectives of this research are to investigate the depletion of agricultural land, with a specific focus on Samut Songkhram Province—an agriculturally prominent region in Thailand renowned for supplying seafood and fruits to Bangkok. By employing advanced remote sensing and change detection methods and incorporating indices like NDVI, NDWI, and NDBI, the study meticulously analyzed land-use changes. The outcomes were rigorously scrutinized through supervised classification, validated by on-site inspections, and corroborated with data from pertinent agencies. Findings revealed that Samut Songkhram had sustained its prominence in agricultural land, constituting around 70% of the province's total area over the past two decades. However, this expanse has undergone persistent transformation during the last 20 years. Notably, the most substantial surge was observed in the conversion of agricultural land to urban and developed areas, particularly in the urban zones of Amphawa District, followed by Mueang Samut Songkhram and Bang Khonthi districts. This investigation illuminates a consistent downward trend in agricultural land, a vital source of sustenance for Thailand's population and the global community. Doi: 10.28991/ESJ-2024-08-02-020 Full Text: PDF

Pengaruh Agrikultur Dan Pendapatan Per Kapita Terhadap Penerimaan Pajak Di Negara Sub Sahara Afrika Dengan Kualitas Peraturan Sebagai Pemoderasi

This study aims to determine the effect of the agricultural sector and per capita income on tax revenues with the quality of regulations as moderators in Sub-Saharan Africa. This study uses secondary data sourced from the World Bank in Sub-Saharan Africa with a span of 18 years from 2002 to 2019. There are 33 countries that are the object of this research. The research was conducted using panel data regression with the Panel-Corrected Standard Error model. Based on the results of the study, it was found that an increase in the proportion of agricultural sector output to gross domestic product had a negative effect on tax revenues. An increase in per capita income has a positive effect on tax revenues. Improving the quality of regulations has a positive effect on tax revenues. It was found that the moderating variable of regulatory quality strengthens the relationship between agricultural variables and tax revenue variables. This is due to the poor average regulatory quality index in sub-Saharan African countries. Meanwhile, the regulatory quality moderating variable does not affect the relationship between per capita income and tax revenue.

Funding the Nigerian Agricultural Sector for Improved Performance: The Role of Migrant Workers’ Foreign Remittances Inflows

Although there is a plethora of empirical evidence on the impact of foreign remittances inflows on economic growth in Nigeria, there are few studies that investigated the impact of foreign remittances on agricultural sector performance in the country. This study therefore examined the impact of funding on the performance of the agricultural sector in Nigeria with emphasis on the role of foreign remittances inflows. Specifically, the study investigated the impact of foreign remittances inflows, government expenditure on agriculture, bank credit to agriculture, the Agricultural Credit Guarantee Scheme Fund, and exchange rate on agricultural sector output performance in Nigeria. Exchange rate was used as a control variable. The Johansen co-integration test, Error Correction Mechanism (ECM), and Granger causality test were used to estimate the annual time-series data for the period of 1981 to 2021. The findings from the study revealed that foreign remittances inflows, government expenditure on agriculture, and loans guaranteed under the Agricultural Credit Guarantee Scheme Fund (ACGSE) have significant positive impact on agricultural sector performance. On the other hand, bank credits to agriculture and exchange rate have insignificant negative impact on agricultural sector performance. Among other things, it is recommended that recipients of foreign remittances in Nigeria should be encouraged to invest more in the agricultural sector.

Impact of Capital Market on Agricultural Sector Output in Nigeria (1980-2018)

Impact of Capital Market on Agricultural Sector Output in Nigeria (1980-2018)

Agricultural Financing - Agricultural Sector Output Nexus: A Case Study of The Nigerian Economy

The study “Agricultural Financing -Agricultural sector output nexus: in Nigeria” investigated the effect of agricultural financing, both public and private on the outputs of two main sectors of agriculture: crop production and livestock production. Three objectives were formulated to provide guide to this study: examine the long and short run relationship of agricultural financing on crop production output and livestock production output, and to examine the causal relationship between agricultural financing and agricultural sector output. To achieve these objectives, the study employed two models, each using ARDL Test, Bounds Test, and Granger causality test using time series data from 1981 to 2019.Data was obtained from CBN and World Bank data base. Dependent variables were Crop Production output and Livestock Production output respectively and independent variables were Public Finance, Commercial Bank Credit to Agriculture, Inflation Rate and Interest Rate. The model was tested using descriptive statistics to analyse the significance of the relationship between the dependent and independent variables. The results show that both public and private finance were positive but insignificant in the short run. In the long run, public finance remained insignificant whereas private finance was positive and significant. Thus, private financing is more effective at improving agricultural output than public finance. The study also revealed a negative long run relationship between interest rate and the outputs of crop and livestock production during the period. It is therefore recommended that the government encourages private investment in agricultural activity, and puts measures in place to curb corruption and embezzlement. Government should also ensure that credit facilities are provided to farmers at low interest rate to reduce detrimental influences.

Investigating The Interaction Between Government Expenditure On Agriculture Sector, FDI Inflow and Agriculture Output In Nigeria

This study set out to examine the impact of government expenditure on the agriculture sector performance. The result indicates that government expenditure on the agriculture sector significantly improves the performance of the sector in the period under review. This implies that spending policies of the government on the sector is yielding result as expected. However, commercial bank loan to the sector demonstrates weak positive influence on the agriculture sector output. FDI inflow on the other hand plays anti-growth role in the sector. Thus, the government is advice to adopt expansionary fiscal policy for the sector. The government is further advice to discourage the flow of FDI into the same sector to avoid the stagnation of the sector’s output. Government should mobilize local resources for the sector rather than foreign sources. Monetary policy towards the sector should be strengthened to improve the performance of the sector. Interest rate charged on loan for the purpose of agriculture activities should be lower than other sectors. Commercial banks should be encouraged to increase their participation in providing loan to farmers which will go a long way to boost output.

Agricultural producer service subsidies and agricultural pollution: An approach based on endogenous agricultural pollution

AbstractAgricultural producer service is an indispensable link in promoting agricultural modernization in developing countries, while agricultural pollution has become the largest source of pollution in many developing countries. Given that agricultural pollution is different from industrial pollution due to its endogenous characteristics, we linked agricultural pollution with the human capital level of labor and propose an endogenous model that reflects the agricultural pollution path, which is different from the traditional path. We studied the effects of government price subsidy, interest subsidy, and wage subsidy to agricultural producer service on agricultural pollution and other economic indicators by constructing a three‐sector general equilibrium model including agricultural producer service. We found that the rise of price subsidy for the agricultural producer service and the wage subsidy of the agricultural producer service sector would increase the output of agricultural sector and reduce the output of agricultural producer service under certain conditions, but aggravate agricultural pollution; at the same time, the rise of interest subsidy of the agricultural producer service sector would decrease the output of the agricultural sector, enhance the output of agricultural producer service conditionally, and decrease agricultural pollution. Preconditions of the three subsidies to improve national welfare have been obtained.

Real Sectors` Performance as a Precursor to Economic Restructuring in Nigeria

This study focused on real sectors performance as a precursor to economic restructuring in Nigeria. There seemed to be an unbalanced transition of the Nigerian economy from agriculture to industrial and to services sector which failed to achieve a transformed economy. The individual real sectors` growth have been disproportionate. Sector-specific policies need to be implemented due to recent service sector led growth in the economy. To proceed, we analyzed individual real sector performance using real sectors time series data from 1981 to 2018 sourced from CBN statistical bulletin and WDI. The study utilized the following variables: growth rate of real GDP (GDPR), growth rate of services sector output (SEVR), growth rate of manufacturing sector output (MANR), growth rate of industrial sector output (INDR), growth rate of Agricultural sector output (AGCR), growth rate of trade openness (OPEN) and Real interest rate (INTR).The Autoregressive Distributed Lag bounds testing approach to cointegration was utilized for this study. Using the bounds test, the result from the ARDL model indicate that the variables for this study are cointegrated while the error correction term appeared significant and confirms that short-run disequilibria are corrected up to 100 percent annually. This shows that the real sectors are the backbone of the economy. The empirical results reveals that the real sector growth exert positive and significant impact on economic growth both in the short-run and the long-run. Unlike previous findings that structural change must follow a certain pattern, our result implies that economic transformation in Nigeria requires a holistic policy framework to address each specific sector. We therefore, recommend that government should implement policies that will promote inter-sectoral linkages to achieve simultaneous growth in the real sectors. Nigerian trade performance should be improved through economic diversification and further availability of funds to private sector at competitive interest rate in order to produce internationally competitive products.

Nanotechnology in agriculture: Prospect, opportunities and challenges

Ensuring food security in emerging nations is extremely difficult due to the low agricultural sector output, depletion of natural resources, significant post-farming losses, lack of value addition, and rapid population expansion. Researchers are working to implement novel breeding technologies to improve the supply and close the gap between food supply and demand. Uses of conventional farming technologies are not so much productive and effective as they are time consuming and labor intensive. This necessitates the use of nanotechnology that has the potency to massively influence the agriculture industry by reducing the negative effects of conventional farming techniques on the surroundings and wellness of humanity, boosting farming capacity, sustainability, and food safety, (as enforced by the anticipated rise of global demography) and fostering communal and economic parity. Nanotechnological meddling in farming has promising futures for enhancing nutrient use efficiency via the use of nanoformulations of fertilizers. Further, it knocks out the farming output hurdles through the blending of biotechnology with nanoscience and targeted and effective vigilance against external pressures. Moreover, it assists scientists in comprehending the molecularlevel mechanisms of host-parasite interactions, thereby facilitating the development of new pesticides and carriers that improve efficacy and reduce toxicity. Additionally, nanosensors can be employed to monitor soil quality for agricultural practices. Furthermore, this approach can serve as a milestone in addressing the present challenges faced in the agriculture sector. However, more research is necessary to address the safety and health issues posed by the technology. In this article, we have discussed the various role and prospects of nanotechnology in agriculture.

Government Expenditure and Agricultural Sector Output in Nigeria

The purpose of this study is to determine how government spending affects the output of the agricultural sector in Nigeria. This study deals with Nigeria’s government spending and agricultural sector output (1990-2020). Data for the study was sourced through the Central Bank of Nigeria (CBN) statistical bulletin 2020 as a secondary means. This study adopted the Ordinary Least Square (OLS) multiple regression method to analyze the data. Real gross domestic product was used as the dependent variable. At the same time, government expenditure on administration, government expenditure on social and community services, and government expenditure on economic services formed the independent variables. From the findings, it was discovered that the variables were positively insignificant to agricultural sector output at a 5% level of significance. Therefore, we conclude that government expenditure does not affect the agricultural sector output in Nigeria. Hence, it was recommended that the federal government of Nigeria through the Central Bank, should strengthen the banking sector to ensure an improved and efficient credit flow to the agricultural sectors because of its strategic importance in stimulating the growth and development of an economy.

Effect of microfinance bank financial intermediation on agricultural output in nigeria: 1992 - 2018

This study examined the effect of financial intermediation by microfinance banks on the output of agricultural sector in Nigeria between 1992 and 2018. Data were collected in this study from the secondary sources and analyzed by means of inferential statistics. Specifically, the study employed Vector Error Correction model technique in data analysis after establishing the stationarity of the data series by means of Augmented Dickney-Fuller test and determined long run equilibrium relationship via Johansen cointegration technique.Findings from this study revealed that in the long-run, there was a positive and significant relationship between microfinance banks’ credits to agriculture and the output of agricultural sector in Nigeria as MCA was found to be positively promoting agricultural output by about 2.7%. Also, micro-finance banks’ gross saving deposit (MGSD) was found to have negative and significant relationship with agricultural output both in the short-run and in the long-run. Moreover, the deposit interest rate was found in this study to exhibit positive behavior in the short run but negative and significant relationship with agricultural output in the long-run. The lending interest rate by finding of this study negatively facilitated agricultural output in the short run but maintained positive relationship with agricultural output in the long run.Based on these findings, it was concluded that financial intermediation by microfinance banks was an insignificant determinant of agricultural output in Nigeria.Consequently, it was recommended that microfinance banks should be brought under close monitoring and supervision by the monetary authorities to ensure that significant portion of their deposits is not left fallowed and unproductive but optimally converted to credits for lending, especially to the grassroots farmers who lack investable capital for agricultural investment.

Does Rubber Agriculture Development Affects the Rubber Crop Production Rate in Malaysia?

Productivity is an ability to produce an output from a given set of inputs. Indirectly generated productivity will reflect efficiency and effectiveness in the use of resources such as technology, labor and others. Therefore, the objective of this study is to examine the long -term relationship and short -term relationship between the products of the rubber agriculture sector affect the income of Malaysia. Next, is to study the cause and effect relationship in the study variables. Several components have been identified in this study such as natural rubber production in Malaysia (TP), national income (GDP), investment (INV), and labor productivity (LF). This study examines the relationship between the extent to which the output of the rubber agriculture sector affects the income of Malaysia for the years 1990 to 2014. The data of this study was obtained from the Department of Statistics Malaysia, World Bank, and the Department of Labor Malaysia. The analyzes used to analyze these variables are the root unit method, Autoregressive Distributed Lag (ARDL) and Granger Causality method. The results of this study found that there is a positive relationship between the variables that can increase the output of the rubber agriculture sector. To increase the output of the rubber agriculture sector, various things need to be done. Besides, in improving technology related to rubber agriculture as well as open more job opportunities for the youth. At the same time, training schemes and capital incentives from the government are also able to encourage entrepreneurs to thrive in this sector.

Environmental and Economic Impacts of the Grand Ethiopian Renaissance Dam in Africa

A multidisciplinary study was conducted to investigate the environmental and economic impact of the Grand Ethiopian Renaissance Dam (GERD). Focusing on Egypt, we estimate projected losses in Egypt’s annual water allocation from the Blue Nile under the 3, 7, and 10-year GERD reservoir filling scenarios, which are part of an array of scenarios currently under consideration. We then examine the resultant losses in Egypt’s agricultural land and the corresponding impact on selected macroeconomic variables relative to a baseline (no GERD) scenario. For the 3-year filling period, in particular, we estimate projected losses in Egypt’s annual water allocation to be 51.29 ± 2.62%. This translates into annual losses of agricultural land of 52.75 ± 2.44% relative to the baseline, with a resultant decline in food production of 38.47 ± 2.18% and an overall decline in agricultural sector output by 17.51 ± 0.99%. This contributes to a rise in the national unemployment rate of 11.24 ± 1.77 percentage points above the baseline. Moreover, we estimate projected annual losses in real Gross Domestic Product (GDP) per capita to be 8.02 ± 0.45% relative to the baseline, which translates into an annual loss in real GDP of $26.30 ± 2.81 billion and a loss in welfare of 12.83 ± 0.73% annually, relative to the baseline.

Capital market and agricultural sector output in Nigeria

This study centres on capital market and agricultural sector output in Nigeria. The main objective is to examine the effect of capital market on agricultural sector output in Nigeria. The specific objectives are to find out the effect of market capitalization, value of transactions and share index on agricultural sector output in Nigeria. The data were obtained from Central Bank of Nigeria Statistical Bulletin for the period 1987 to 2019. The Autoregressive Distributive Lag approach that is suitable for data with mixed order of integration was employed to regress the capital market variables on agricultural sector output which is the dependent variable The empirical analyses revealed that market capitalization and share index had a positive effect on Agricultural sector output while value of transaction had negative effect on agricultural sector output in Nigeria. This study shows that capital market has only short run effect on Agricultural sector output in Nigeria. The study concludes that Nigeria capital market may not have invested significantly in the agricultural sector. The capital market is expected to boost long run growth of various sectors where adequate investments are made. The study recommends that government through the Central Bank of Nigeria should introduce and implement financial policies (monetary policies) that will make the capital market more efficient. The cost of doing business in the capital market should be reduced so as to make it profitable.

Livestock sector of the Republic of Kazakhstan: realities and internal reserves

The goal is to show the main directions of increasing the volume of livestock production in Kazakhstan aimed to ensure the country's food security. The article sets the following objectives to analyze the current state of the livestock industry; determine the factors hindering its development; to develop proposals for the introduction of scientific achievements into production. Resultsan analysis of the current state of agriculture is presented, in particular, the livestock sector (the share of the industry in the structure of gross output of agricultural sector, the presence of livestock, volume of livestock production, etc.). The article presents data characterizing the current state of animal husbandry and the reasons that impede economic growth: irrational distribution of livestock in the context of farm categories, low level of its productivity, lack of a feed market, ineffective use of the potential of natural pastures and hayfields, violation of technologies in the procurement of feed, low proportion of breeding stock animals in the total livestock, etc. The conducted studies allowed us to draw the appropriate conclusions – in order to increase the competitiveness of the livestock industry, it is necessary to develop a strategy for its development in the republic, which would allow small households to realize their comparative advantages on market so that the products obtained meet the requirements of food safety and quality from the growing number of urban buyers and consumers using imported goods. Agricultural science of Kazakhstan has sufficient potential for the implementation of an active innovation policy – an issue of particular importance for the country's economy.

Selected Macroeconomic Variables and Agricultural Sector in Nigeria

The study investigated effect of selected macroeconomic variables on agricultural sector output in Nigeria from 1987 - 2019. Annual Agricultural Output (AAO) represented the dependent variable for the study while gross domestic product, interest rate, money supply, and exchange rate represented the explanatory variables. Ex-post factor research design was employed for the study. Augmented Dickey Fuller Unit Roots test and Ordinary Least Square (OLS) Regression techniques were used to analyze data collected. The empirical investigation showed that gross domestic product as well as money supply has a positive and significant effect on agricultural output, while interest rate and exchange rate exerted a negative and insignificant effect on agricultural output. From the study, selected macroeconomic variables have positive effect on agricultural output in Nigeria and this has tremendously contributed to the country's growth and development. The study recommends amongst other; that government should accelerate the rate of economic growth by investing heavily on the agricultural sector so as to boost domestic production and enhance exportation in order to stabilize exchange rate while curbing inflation; give incentives to banks extending agricultural loans by lowering the lending rate on agricultural loans to ease access to funds for agricultural investment.

Agricultural Output and Economic Growth Nexus in Ghana

This study explored the relationship between agricultural output and economic growth in Ghana from 1960 to 2016 using monthly data on the Gross Domestic Product (GDP), Gross Capital Formation (GCF), agriculture and inflation. Despite several agriculture-led economic growth programmes that have been implemented by successive governments, including the very recent “Planting for Food and Jobs” to create jobs and boost economic growth, the contribution of agriculture sector output to the Ghanaian economy has been on the decline. The estimation results from the Johansen Maximum Likelihood co-integration and the Vector Error Correction Model (VECM) support evidence of a long-run relationship between agricultural output and economic growth in Ghana. Specifically, the co-integration test reveals that agricultural output and economic growth were found to be moving together in the long run. The Granger causality test showed a unidirectional causal relationship running from agricultural value-added to economic growth but no causal flow from general economic growth to agriculture. This indicates that agriculture is still an engine of economic growth in Ghana and hence requires pro-poor policies to address the numerous challenges.

Electricity Consumption and Economic Growth in Turkey: A Mixed Frequency Var Approach

This paper investigates the relationship between monthly electricity consumption, quarterly GDP, and quarterly components of GDP using the Mixed Frequency VAR (MF-VAR) model for Turkey for the period from 1987:2Q to 2017:3Q. When the conventional quarterly VAR model is used, any causal relationship between electricity consumption and GDP growth could not be found. However, when we used the MF-VAR specification, we found that electricity consumption does increase GDP growth; this supports to the growth hypothesis but not the conservation hypothesis. Repeating the same exercise by adding other low frequency variables, the empirical evidence still reveals that an increase in electricity consumption increases GDP. However, an increase in electricity consumption increases Private Consumption, Investment, Imports expenditures, Construction, Industrial, Manufacturing, and Service Sector outputs more than it increases GDP. In addition to this, the empirical evidence reveals that an increase in electricity consumption increases Agricultural sector output less than it increases GDP.

An Econometric Investigation of Sectoral Output and Environmental Degradation in Pakistan

This study examines effect of sectoral output (agriculture, industry and services) on environmental degradation in Pakistan ranging from period 1972 to 2017. This study makes use of Augmented Dickey Fuller test (ADF) followed by Autoregressive distributed lag model (ARDL). The empirical results show that Co2 emission in Pakistan is increased by Industrial sector output, population and energy consumption while agriculture sector output, services sector output and exports are reducing carbon dioxide emission.