INSTITUTIONAL REFORMS, INTEREST RATE POLICY AND THE FINANCING OF THE AGRICULTURAL SECTOR IN NIGERIA

Authors

  • Bashir Olayinka Kolawole Department Of Economics, Lagos State University, Ojo, Lagos State, Nigeria

DOI:

https://doi.org/10.19044/esj.2013.v9n12p%25p

Abstract

This study empirically investigates the impact of interest rates and some macroeconomic variables on agricultural performance in Nigeria by employing co-integration and an error correction mechanism (ECM) technique with annual time series data covering the period 1980 to 2011. The results reveal that there is a negative relationship between agricultural value added, interest rate spread, and inflation in the country. By implication, the study deduces that the higher the level of inflation and interest rate spread in the country, the lower the level of

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Published

2013-04-30

How to Cite

Kolawole, B. O. (2013). INSTITUTIONAL REFORMS, INTEREST RATE POLICY AND THE FINANCING OF THE AGRICULTURAL SECTOR IN NIGERIA. European Scientific Journal, ESJ, 9(12). https://doi.org/10.19044/esj.2013.v9n12p%p

Issue

Vol. 9 No. 12 (2013): ESJ April Edition

Section

Articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.