Agricultural Sector Performance on Growth Using a Bound Test Approach


Authors : Oyetade Oluwatoyese Oluwapemi; Shri Dewi Applanaidu

Volume/Issue : Volume 7 - 2022, Issue 6 - June

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3bTRAsL

DOI : https://doi.org/10.5281/zenodo.6800730

This article analyzes the notions behind agricultural sector performance towards achieving better economic outlook. This paper adds to previous empirical studies on agriculture by presenting evidence from time series data spanning 1981 to 2020. The simple regression model was used for estimation in the study, with fishery, food production, forestry index, and livestock index serving as independent variables and GDP serving as the dependent variable. The analysis elaborates on the components of agricultural sector that are crucial for relating performance management concepts to economic growth. Moreover, this paper reflects on the significance of agrarian subdivision management for better performance, by shedding light on the contribution of the agrarian subdivision to the nation's economic growth. As a result of the findings, policy recommendations for the proper management of agricultural sector determinants in Nigeria are made.

Keywords : Agricultural performance, Gross domestic product, Forestry, Food production and Fishery.

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