Artikel

Capital inflows, exchange rate and agricultural output in Nigeria

The study applied the autoregressive distributed lag (ARDL) technique in investigating the effect of capital inflows and exchange rate on agricultural output in Nigeria between the periods 1981 and 2016. The technique was selected because the variables are integrated at both 1(1) and 1(0) and the sample size is considerably small. Variables used in the study are agricultural output (AO), private capital inflow (PRCI), public capital inflow (PUBCI), investment (INV), labor (L) and real effective exchange rate. Findings from the empirical research revealed that the variables are cointegrated. The research outcome also indicates that in the short run and long run, private capital inflow and public capital inflow positively affect the country agricultural output. The study also revealed that exchange rate depreciation would cause agricultural output to decline in the short and long run. Based on the research findings, it is recommended that the government should create an enabling and conducive environment to attract more inflows of foreign capital into the country to boost the agricultural output. Also, monetary authority should ensure the stability of the country's exchange rate (Naira) since exchange rate depreciation affects agricultural output negatively. Furthermore, there is the need for the harmonization of foreign capital inflow policy and monetary policy by the government, taking into consideration the optimal level of capital inflow that will not have a detrimental effect on exchange rate so as to ensure sustainable growth in agricultural output.

Sprache
Englisch

Erschienen in
Journal: Future Business Journal ; ISSN: 2314-7210 ; Volume: 5 ; Year: 2019 ; Issue: 1 ; Pages: 1-8 ; Heidelberg: Springer

Klassifikation
Management
Global Outlook
Sustainable Development
Thema
Capital inflows
Agricultural output
Exchange rate
ARDL
Nigeria

Ereignis
Geistige Schöpfung
(wer)
Ikpesu, Fredrick
Okpe, Abraham Emmanuel
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2019

DOI
doi:10.1186/s43093-019-0001-9
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ikpesu, Fredrick
  • Okpe, Abraham Emmanuel
  • Springer

Entstanden

  • 2019

Ähnliche Objekte (12)