Agricultural Exports, Natural Resource Rent and Economic Growth: Empirical Evidence from Nigeria and Ghana

Abstract

The study examined the impact of agricultural exports and natural resource rent on the growth of Nigerian economy for the period, 1986-2022 using ARDL model. The study was anchored on resources curse hypothesis and endogenous growth theory. The study found out that agricultural exports have significant positive impact on the growth of the economies of Nigeria and Ghana. The study also revealed that natural resource rent significantly retards economic growth in the short run. The study therefore recommends that existing government policies and programs regarding agricultural exports such as agricultural exports diversification and export promotion strategy should be sustained while at the same time strengthening the quality of education provided to their citizenry as it has the potency of creating right thinking and increasing efficiency that will stimulate economic growth.