Effect of agricultural sector determinants on economic growth

• Main Authors: Oluwatoyese, Oyetade P., Applanaidu, Shri Dewi
• Format: Article
• Language: English
• Published: INSInet Publications 2014
• Subjects: HB Economic Theory; S Agriculture (General)
• Online Access: http://repo.uum.edu.my/12139/1/68-72-special14.pdf; http://repo.uum.edu.my/12139/; http://ajbasweb.com/old/index.html

The effect of in the some components sectors of non-oil economic growth of countries continues to be tested in order for the turning around of the nations’ economic outlook for the future good.The adoption of export promotion policy which is one of the fundamental strategies for improvement in countries’ economic growth has experienced remarkable economic growth for some years even in the case Nigeria.This paper extends the previous empirical studies on the agricultural sector by providing some evidence from time series data ranging from 1981 to 2011.In the study, the simple regression model was used in estimation, where fishery, food/crop production, forestry index and livestock index are the independent variables and gross domestic product (GDP) as the dependent variable.This paper basically reflect on the significant of the promotion of agricultural sector determinants for exportation, by shedding light on agricultural sector contribution or productivity to the economic growth and development of the country.Since the agricultural sector of non-oil component has contributed significantly to the economic growth.This paper highlights the performance and some constraints that are confronting the agricultural sector; in which policy measures are suggested for the promotion of exportation of agriculture sector determinants in Nigeria based on the result.