Effect of Monetary Policy on Agricultural Sector in Nigeria

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dc.contributor.authorUdeaja, Elias A.,
dc.contributor.authorElijah, Udoh A.
dc.date.accessioned2018-03-26T09:07:30Z
dc.date.available2018-03-26T09:07:30Z
dc.date.issued2014-06
dc.description.abstractThe study examinee the effect of monetary policy on agricultural sector in Nigeria, utilizing time series data for the periods spanning from 1970 to 2010. The study captures both monetary and non-monetary policy variables such as lending rate, commercial banks credit to agriculture, exchange rate, government expenditure in agriculture and inflation rate in examining the effect of monetary policy on agricultural output. The methodology adopted is the Auto- Regressive Distributed Lag (ARDL) Bound Testing Approach. The results obtained shows that exchange rate and government expenditure had positive and significant effect on agricultural output and, hence agricultural sector in Nigeria. It is recommended that a sound exchange rate policy should be implemented aimed at boosting agricultural exports in Nigeria. Also, government investment to provide the basic infrastructure and institutions should be sustained because without the appropriate institutions, monetary policy cannot impact positively on real sector.en_US
dc.description.provenanceSubmitted by Nneka Ebonka (nebonka@gmail.com) on 2018-03-20T12:56:31Z No. of bitstreams: 1 Pages from EFR Vol. 52 No. 2 June 2014-3 Udeaja, Elias A. and Elijah A. Udoh.pdf: 282822 bytes, checksum: f98e43a7a29e3cb565bf6bea1eb1f012 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-03-26T09:05:27Z (GMT) No. of bitstreams: 1 Pages from EFR Vol. 52 No. 2 June 2014-3 Udeaja, Elias A. and Elijah A. Udoh.pdf: 282822 bytes, checksum: f98e43a7a29e3cb565bf6bea1eb1f012 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-03-26T09:07:18Z (GMT) No. of bitstreams: 1 Pages from EFR Vol. 52 No. 2 June 2014-3 Udeaja, Elias A. and Elijah A. Udoh.pdf: 282822 bytes, checksum: f98e43a7a29e3cb565bf6bea1eb1f012 (MD5)en
dc.description.provenanceMade available in DSpace on 2018-03-26T09:07:30Z (GMT). No. of bitstreams: 1 Pages from EFR Vol. 52 No. 2 June 2014-3 Udeaja, Elias A. and Elijah A. Udoh.pdf: 282822 bytes, checksum: f98e43a7a29e3cb565bf6bea1eb1f012 (MD5) Previous issue date: 2014-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationUdeaja, Elias A., & Elijah, Udoh A. (2014). Effect of Monetary Policy on Agricultural Sector in Nigeria. Economic and Financial Review, 52(2), 33–74.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/141
dc.language.isoenen_US
dc.publisherResearch Department, Central Bank of Nigeria.en_US
dc.relation.ispartofseriesEconomic and Financial Review;Vol. 52 No. 2
dc.subjectMonetary Policy,en_US
dc.subjectAgricultureen_US
dc.titleEffect of Monetary Policy on Agricultural Sector in Nigeriaen_US
dc.typeArticleen_US

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