ADSU International Journal of Applied Economics, Finance and Management

An Empirical Analysis Of The Relationship Between Agricultural Productivity And Economic Growth In Nigeria

Abstract

This study examined the relationship between agricultural outputs on economic growth in Nigeria from the period of 1992 to 2022. The study ran the Augmented-dickey fuller unit root test to know the level of significant, stationary and the kind of econometric estimation technique to be used, the study employed the ARDL bound test to establish the existences of long-run relationship between variables, this study further conducted the ARDL (long-run analysis) in which the findings from the result showed that there was existence of a long-run relationship between inflation, gross capital formation and labor force Employed on agricultural output, also long-run relationship between agricultural output, gross capital formation and labour force Employed on Real gross domestic product, result also revealed that the variables are significant at 5%, where gross capital formation and labor force Employed on agricultural output were positively significant, while inflation was negatively significant on agricultural output. Also agricultural output, labor were positive on real gross domestic product. While gross capital formation were negative on real gross domestic product. Post estimation test were carried out to ascertain the stability of the variable and to establish whether the variables are normally distributed .this study recommends that both the monetary and the fiscal authority should work hand in hand in order to boost agricultural productivity which server as a main drive to Nigerian economic growth and optimal economic performance could be achieved and economic slumps prevented by influencing aggregate demand through active stabilization and economic intervention policies by the government.