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Effect of Increasing Public Debt on Agricultural Output in Nigeria: (1981-2022)

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dc.contributor.author Ogwuche, David D.
dc.date.accessioned 2024-06-19T12:58:23Z
dc.date.available 2024-06-19T12:58:23Z
dc.date.issued 2024-04-19
dc.identifier.citation DOI: 10.9734/AJEBA/2024/v24i51336 en_US
dc.identifier.issn 2456-639X
dc.identifier.uri http://localhost:8080/xmlui/handle/123456789/2140
dc.description.abstract The study was conducted to examine the effect of public debt on agricultural output in Nigeria using time series data from 1981 to 2022. The study adopted the Augmented Dickey Fuller (ADF) unit root test, the Bound test for long run equilibrium relationship and the Autoregressive Distributed Lag Model (ARDL). The unit root test result showed that the dependent variable agricultural output and exchange rate are stationary at first difference while variables such as government agricultural expenditure and debt service ratio were stationary at levels. The bound test showed the presence of long run equilibrium relationship. The ARDL result estimated that public debt has no significant impact on agricultural output in Nigeria. Public debt has a negative relationship with agricultural output in Nigeria for the period under study and there is a one directional causality relationship between public debt and agricultural output in Nigeria. Therefore, the study recommended that the country should allocate more funds and improve the institutional quality and policies that will boost the agricultural sector that will be beneficial to the country. en_US
dc.description.sponsorship Self en_US
dc.language.iso en en_US
dc.publisher Asian Journal of Economics, Business and Accounting en_US
dc.relation.ispartofseries Vol. 24;N0 5, 621-629
dc.subject Public debt en_US
dc.subject External debt en_US
dc.subject Agricultural output en_US
dc.subject Agricultural expenditure en_US
dc.title Effect of Increasing Public Debt on Agricultural Output in Nigeria: (1981-2022) en_US
dc.type Article en_US


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