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Empirical evidence of a long-run relationship between agriculture and manufacturing industry output in Nigeria

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posted on 04.04.2019 by Eze Osuagwu

This study investigates a relationship between agriculture and manufacturing industry output in Nigeria from 1982-2015, using the Granger causality, co-integration and error correction techniques. Empirical evidence reveals a bidirectional relationship between the sectors. Although, a positive and significant relationship exists in the short and long-run estimates, a long-run divergence from the vector error correction model suggest that changes in agricultural productivity are not restored to equilibrium, given that macroeconomic factors distort the linkage. Policy implications indicate that macroeconomic stability is a necessary condition for agricultural and manufacturing sectors to foster economic growth.

History

Declaration of conflicts of interest

No conflict of interest

Corresponding author email

eze.osuagwu@covenantuniversity.edu.ng

Lead author country

Nigeria

Lead author job role

Higher Education Faculty 4-yr College

Lead author institution

Covenant University, Nigeria

Human Participants

No

Ethics statement

In compliance with ethical standards

Licence

Exports

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