By: Shobowale L., Adama I. J., Olopade B. C.
Pages: 574–592, Volume: 3, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 2/1/2026, 2026
ISSN (Electronic): 2536-6742
DOI:
Public Agricultural Expenditure, Agricultural Productivity, and Economic Growth in Nigeria
Abstract:
This study examined the interactive effects of public agricultural expenditure and selected components of agricultural productivity, human capital, and technology on economic growth in Nigeria over the period 1986-2024. The Fully Modified Ordinary Least Squares (FMOLS) technique was employed to address endogeneity and serial correlation. Results showed that while public agricultural expenditure has a positive long-run effect on growth, its impact is significantly amplified when interacted with human capital and technological advancement. The study recommends that the government should not only increase funding for the agricultural sector but also invest in research, development, and the technical education of farmers.
Keywords: Public agricultural expenditure, Productivity growth, Food security, Rural development
How to Cite
Shobowale, L., Adama, I. J., & Olopade, B. C. (2026). Public Agricultural Expenditure, Agricultural Productivity, and Economic Growth in Nigeria: The Interactive Effect of Human Capital and Technology. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 3(1), 574–592.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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