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Role Of Agriculture In The Economic Development
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The study explored empirically the role of agriculture in the economic development of Nigeria between 1981 and 2012. The study is borne out of the curiosity to examine the role agriculture plays in the development of a nation having being neglected in this part of the world over a considerable period of time by the government and policy makers while the whole attention is paid on the crude oil. The study takes analytical and quantitative dimension.
The quantitative technique is employed in a multivariate study with the adaptation of the Solow Growth model that include Capital proxy by Gross Capital Formation (GCF), labour proxy by post secondary school enrolment, Agricultural Output and Economic Growth and Development proxy by RGDP. Restricted Error Correction Model is used with the aid of Econometrics View Package (e-view). The study reveals that the Agriculture plays a significant role in economic development of the nation. In addition, the sector has been neglected to the extent that its contribution to the GDP has been dwindling since 90’s. Consequently, the barriers to the agricultural sector performances were identified and the necessary policy recommendations were proffered.
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TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTCHAPTER ONEIntroduction1.1 Background of study1.2 Statement of the study1.3 Purpose of the study1.4 Significance of the study1.5 Scope of the study1.6 Limitation of the study1.7 Definition of termsCHAPTER TWO The meaning of agriculture2.1 Types of agriculture2.2 Economic importance of agriculture2.3 P ... Continue reading---
CHAPTER ONE - [ Total Page(s): 2 ]In terms of pace of the sector development and contribution to the industrialization, the agricultural sector in this part of the world is still lagging behind because of its failure to produce the food to the level of marketable surplus to feed itself, the other sectors (above subsistence level) and provide the inputs required for the industrial development of the nation and consequent growth in foreign exchange earnings though export and conservation of foreign exchange through imports ... Continue reading---
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TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTCHAPTER ONEIntroduction1.1 Background of study1.2 Statement of the study1.3 Purpose of the study1.4 Significance of the study1.5 Scope of the study1.6 Limitation of the study1.7 Definition of termsCHAPTER TWO The meaning of agriculture2.1 Types of agriculture2.2 Economic importance of agriculture2.3 P ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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