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British Journal of Economics, Management & Trade, ISSN: 2278-098X,Vol.: 10, Issue.: 2

Original-research-article

Bank Credit and Agricultural Output in Nigeria (1970 – 2013): An Error Correction Model (ECM) Approach

 

P. N. Nnamocha1 and Charles N. Eke2*

1Department of Economics, Imo State University, Owerri, Imo State, Nigeria.

2Department of Mathematics and Statistics, Federal Polytechnic Nekede, Owerri, Imo State, Nigeria.

Article Information
Editor(s):
(1) John M. Polimeni, Associate Professor of Economics, Albany College of Pharmacy and Health Sciences, New York, USA.
Reviewers:
(1) Anonymous, Institute of Finance Management (IFM), Tanzania.
(2) Anonymous, International Institute of Management LINK Zukovsky, Moscow, Russia.
Complete Peer review History: http://sciencedomain.org/review-history/10706

Abstracts

This work investigated the effect of Bank Credit on Agricultural Output in Nigeria using the Error Correction Mode (ECM). A yearly data (1970- 2013) obtained from the Central Bank of Nigeria was used for the analysis. The analysis showed that all the variables were integrated of order one I (1) and long-run relationship existed among them. However, following the empirical findings in this study, it showed that, in the long-run bank credit and industrial output contributed a lot to agricultural output in Nigeria, while; only industrial output influenced agricultural output in the short-run.

Keywords :

Error correction model; bank credit; agricultural output and credit channel theory.

Full Article - PDF    Page 1-12

DOI : 10.9734/BJEMT/2015/19884

Review History    Comments

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