Measuring the Impact of Financial Liberalization Policies on Agricultural Development, Econometric Evidence from Nigeria’s Agricultural Productivity, 1981-2021
- Post by: airjournals
- January 8, 2022
- Comments off
ABSTRACT
The broad objective of this study was to investigate the Impact of Financial liberalization on Agricultural productivity and growth in Nigeria while the Specific objectives of this study are to: Measure the impact of Commercial bank Loans and advances to Agricultural Productivity and Growth in Nigeria. Determine the impact of the Agricultural Credit Guarantee Scheme on Agricultural Productivity and Growth in Nigeria. Investigate the Impact of Credit to the private sector on Agricultural Productivity and Growth in Nigeria. Ascertain the impact of Broad Money Supply on Agricultural Productivity and Growth in Nigeria using a special type of regression called an autoregressive distributed lag model. This type of model was used because of its dynamic nature of using the lag of the repressors over time. Result reveals that Commercial bank Loans and advances positively and non-significantly impacts Agricultural Productivity and growth in Nigeria. Agricultural Credit Guarantee Scheme positively impacts Agricultural Productivity and growth in Nigeria Credit to the private sector and none significantly impact Agricultural productivity and Growth in Nigeria Broad money supply positively and significantly, impact Agricultural productivity and Growth in Nigeria. The study concluded that the nexus between financial liberalization and agricultural productivity will improve agricultural growth and equally economic growth as well as the standard of living of people if the nexus were adequately harnessed.
Keywords: Financial liberalization, Agricultural Productivity, Commercial bank Loans and Advances
Authorship
Ndunagu, Victor Chidi Ph.D1 & Ezema, Clifford Anene Ph.D2 | Full PDF