By: Oladipo Abimbola Oluwaseun, Machi Ignatius Okoye
Pages: 63–74, Volume: 1, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 1/1/2024, 2024
ISSN (Electronic): 2536-6742
DOI:
Exchange Rate and Agricultural Output Growth in Nigeria
Abstract:
This investigation examines the relationship between exchange rate fluctuations and the growth of agricultural output in Nigeria. Using the ARDL model, the study assesses both short-run and long-run effects. The results indicate that while short-run currency depreciation can sometimes incentivize exports, prolonged exchange rate volatility generally exerts a negative impact on agricultural productivity due to the high cost of imported inputs like machinery and fertilizers. The study concludes that exchange rate stability is vital for agricultural sustainability.
Keywords: Exchange rate volatility, Agricultural sector output, Nigeria, Time series analysis, Macroeconomic instability, Cointegration
How to Cite
Oluwaseun, O. A., & Okoye, M. I. (2024). Exchange Rate and Agricultural Output Growth in Nigeria.AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 1(1), 63–74.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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