EFFECT OF MACROECONOMIC VARIABLES ON AGRICULTURAL OUTPUT IN NIGERIA

Author(s):  
Enoma Ojo ◽  
◽  
Musa Samuel Olayinka ◽  
Author(s):  
James Ese Ighoroje ◽  
Catherine, Ogheneovo Orife

The study investigated effect of selected macroeconomic variables on agricultural sector output in Nigeria from 1987 - 2019. Annual Agricultural Output (AAO) represented the dependent variable for the study while gross domestic product, interest rate, money supply, and exchange rate represented the explanatory variables. Ex-post factor research design was employed for the study. Augmented Dickey Fuller Unit Roots test and Ordinary Least Square (OLS) Regression techniques were used to analyze data collected. The empirical investigation showed that gross domestic product as well as money supply has a positive and significant effect on agricultural output, while interest rate and exchange rate exerted a negative and insignificant effect on agricultural output. From the study, selected macroeconomic variables have positive effect on agricultural output in Nigeria and this has tremendously contributed to the country's growth and development. The study recommends amongst other; that government should accelerate the rate of economic growth by investing heavily on the agricultural sector so as to boost domestic production and enhance exportation in order to stabilize exchange rate while curbing inflation; give incentives to banks extending agricultural loans by lowering the lending rate on agricultural loans to ease access to funds for agricultural investment.


2016 ◽  
Author(s):  
Masturah Ma’in ◽  
Nur AmiraIsmarau Tajuddin ◽  
Siti Badariah Saiful Nathan

2020 ◽  
Vol 13 (1) ◽  
pp. 21-36
Author(s):  
I.S. Ivanchenko

Subject. This article analyzes the changes in poverty of the population of the Russian Federation. Objectives. The article aims to identify macroeconomic variables that will have the most effective impact on reducing poverty in Russia. Methods. For the study, I used the methods of logical, comparative, and statistical analyses. Results. The article presents a list of macroeconomic variables that, according to Western scholars, can influence the incomes of the poorest stratum of society and the number of unemployed in the country. The regression analysis based on the selected variables reveals those ones that have a statistically significant impact on the financial situation of the Russian poor. Relevance. The results obtained can be used by the financial market mega-regulator to make anti-poverty decisions. In addition, the models built can be useful to the executive authorities at various levels for short-term forecasting of the number of unemployed and their income in drawing up regional development plans for the areas.


2004 ◽  
Vol 43 (4II) ◽  
pp. 619-637 ◽  
Author(s):  
Muhammad Nishat ◽  
Rozina Shaheen

This paper analyzes long-term equilibrium relationships between a group of macroeconomic variables and the Karachi Stock Exchange Index. The macroeconomic variables are represented by the industrial production index, the consumer price index, M1, and the value of an investment earning the money market rate. We employ a vector error correction model to explore such relationships during 1973:1 to 2004:4. We found that these five variables are cointegrated and two long-term equilibrium relationships exist among these variables. Our results indicated a "causal" relationship between the stock market and the economy. Analysis of our results indicates that industrial production is the largest positive determinant of Pakistani stock prices, while inflation is the largest negative determinant of stock prices in Pakistan. We found that while macroeconomic variables Granger-caused stock price movements, the reverse causality was observed in case of industrial production and stock prices. Furthermore, we found that statistically significant lag lengths between fluctuations in the stock market and changes in the real economy are relatively short.


2018 ◽  
Vol 2 (1) ◽  
pp. 37
Author(s):  
Vivi Yulia Nora

<p align="center"><strong><em>Abstract</em></strong></p><p><em>This article intends to describe economy moral from peasant and their implications for poverty reduction in Sub of Tabek Jorong Tabek Nagari district Pariangan Kabupaten Tanah Datar. The values that</em><em> </em><em>affected by peasant give influence to their behavior. Economy moral that oriented to production, does not want to maximize production, afraid to take risks and consumptive implications to poverty alleviation efforts. Government's poverty alleviation program that they receive is used to enhance the economic effort that can remove them from poverty. Assistance that has given to them tend to be used for consumption. Government programs to increase agricultural output does not respond properly, so that the government's efforts to get them out of poverty is not reached.</em></p><p><strong><em>Keywords: </em></strong><em>economy moral, peasant, proverty reduction</em></p><p align="center"><strong>Abstrak</strong></p><p>Artikel ini bermaksud untuk menggambarkan moral ekonomi dari petani dan implikasinya terhadap pengurangan kemiskinan di Jorong Tabek Nagari Tabek Kabupaten Pariangan Kabupaten Tanah Datar. Nilai-nilai yang dipengaruhi oleh petani memberi pengaruh pada perilaku mereka. Moral ekonomi yang berorientasi pada produksi, tidak ingin memaksimalkan produksi, takut untuk mengambil risiko dan implikasi konsumtif terhadap upaya pengentasan kemiskinan. Program pengentasan kemiskinan pemerintah yang mereka terima digunakan untuk meningkatkan upaya ekonomi yang dapat menghapusnya dari kemiskinan. Bantuan yang telah diberikan kepada mereka cenderung digunakan untuk konsumsi. Program pemerintah untuk meningkatkan hasil pertanian tidak merespon dengan baik, sehingga upaya pemerintah untuk mengeluarkan mereka dari kemiskinan tidak tercapai.</p><p><strong>Kata Kunci:</strong> moral ekonomi, petani, pengentasan kemiskinan</p>


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