Economics, Econometrics and Finance
8 years ago

Increase in public spending boosts agricultural growth in Nigeria, study finds.

An examination of Public Expenditure, Private investment and Agricultural Sector Growth in Nigeria: Bounds Testing Approach
Elijah Udoh

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The article examined how public spending and private investments affect agricultural growth in Nigeria from 1970 to 2008. By using a bounds test and ARDL modeling, the researchers found that increasing public spending positively impacts agricultural output growth. However, foreign investment did not have a significant impact in the short term. The study suggests that combining public and private investments can help boost both short-term and long-term productivity in Nigeria's agricultural sector.