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


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
(1) John M. Polimeni, Associate Professor of Economics, Albany College of Pharmacy and Health Sciences, New York, USA.
(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


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

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