EFFECTS OF FOREIGN TRADE ON AGRICULTURAL OUTPUT IN NIGERIA (1981-2018)
Journal: International Journal of Mechanical Engineering and Technology(IJMET) (Vol.10, No. 3)Publication Date: 2019-05-22
Authors : NWANJI TONY IKECHUKWU LAWAL ADEDOYIN ISOLA ASAMU FESTUS INEGBEDION HENRY;
Page : 749-758
Keywords : Foreign trade; agricultural productivity; Nigeria; Unit root test; stationary;
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Abstract
The current study examined the impact of foreign trade on agricultural output in Nigeria based on data sourced from 1981 to 2018 by employing a number of estimation techniques such as Cobb-Douglas, unit root testing, autoregressive distributed lag among others within the context of two profound theories of exchange rate - the vent – for surplus theory of international trade; factor endowments theory. Our study observed that foreign trade exerts negatively on agricultural output. Our results have some empirical implications.
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Last modified: 2019-05-23 16:28:45