Assessment of Empirical Relationships among Remittances and Agricultural Productivity Indicators in Nigeria (1970-2012)

Type Journal Article - American Journal of Economics
Title Assessment of Empirical Relationships among Remittances and Agricultural Productivity Indicators in Nigeria (1970-2012)
Author(s)
Volume 4
Issue 1
Publication (Day/Month/Year) 2014
Page numbers 52-61
URL http://article.sapub.org/10.5923.j.economics.20140401.05.html
Abstract
The study had established empirical relationships between remittances and indicators of agricultural productivity (agricultural GDP/total GDP, Agricultural productivity index and crop productivity index) in Nigeria. Augmented Dickey-Fuller unit root tests were conducted on the specified time series to ascertain the variables’ order of integration. The trend analysis revealed that, remittances, agricultural GDP, agricultural productivity index and crop productivity index have positive exponential growth rates, but remittances grew at a faster rate than others. It was discovered that, remittance has linear and symmetric relationships with agricultural productivity index and crop productivity index in Nigeria. However, there was no significant relationship among growth rates of remittances, agricultural GDP, agricultural productivity index and crop productivity index in Nigeria. The bilateral Granger causality test indicates unilateral relationship between nominal value of agricultural GDP and remittance inflow in the country. The result of the co-integration test revealed the presence of co-integration among specified variables. Agricultural productivity index and crop productivity index have significant relationships with remittance in the long run. Also, agricultural GDP and agricultural productivity index exhibited significant association with remittances in the short run.

Related studies

»