Empirical analysis of poverty and agricultural growth in Nigeria.
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Date
2016
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Agricultural Economics and Extension, Faculty Of Agriculture, Kogi State University, Anyigba, Nigeria.
Abstract
Poverty alleviation has been a great concern to developing countries. Agriculture
was known to be a major contributor to national development, but suffering from
neglect that has led the country to heart aching poverty. This study analyses the
trend of Nigerian agricultural growth rate overtime, trend of Nigerian poverty rate
overtime and examines the linkage and dimension of agricultural growth and
poverty rate. Collected time series data were analysed with the aid of ARIMA
model and Granger Causality test. Result showed that there were variation in the
trend pattern of agricultural growth and poverty rate. Poverty rate has direct
relationship with agricultural growth. That is, increase in poverty rate causes
increase in agricultural growth. Consequently, relevant policies aiming at
alleviating poverty should be focused on increasing agricultural growth.
Description
Keywords
ARIMA model, Granger Causality test, poverty, unemployment
Citation
27. Ayinde, O. E, Ayinde, K., Falola A, Babarinde O. S. & Ajewole, O.O. (2016): Empirical analysis of poverty and agricultural growth in Nigeria. International Journal of Agricultural Economics, Management and Development, 6(1): 30-37. Published by Department of Agricultural Economics and Extension, Faculty Of Agriculture, Kogi State University, Anyigba, Nigeria.