The Link Between Agricultural Budgetary Allocation and Economic Growth in NigeriaReportar como inadecuado




The Link Between Agricultural Budgetary Allocation and Economic Growth in Nigeria - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Journal: International Journal of Business, Economics and Management

Abstract: This study investigates the nexus between Agricultural budgetary allocation and Economic Growth in Nigeria by employing simple regression analysis and a further test of cointegration and vector error correction model to determine short run dynamic behaviour of the variable. The result of the study revealed that there is positive relationship between Agricultural budgetary allocation and Economic Growth in the long run. It was also observed that since the Agricultural budgetary allocation and Economic Growth are positively related. This relationship is significant over the two years lagged value of budgetary allocation to Agriculture. And by implication, the government has to stand aloof by increasing expenditure on agriculture because agricultural sector plays a vital role towards the National Transformation in Nigeria. The paper contributes to the existing literature on the relationship between budgetary allocation and economic growth. The paper shows its uniqueness by adopting Keynesian macroeconomic approach in specifying growth as a function of agricultural expenditure. The use of vector error correction in our model enables us to capture both short run and long run dynamic behavior of the variables in our model which is an innovation.

Economics

International Journal of Business, Economics and Management

Month: 02-2017 Issue: 2







Documentos relacionados