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THE IMPACT OF AGRICULTURAL OUTPUT ON THE ECONOMY OF NIGERIA
ABSTRACT
 This study has attempted to measure the impact of agricultural output on economic growth. The study made use of secondary data from 1970-2004 sourced from various CBN publications and with the use of the ordinary least squares regression procedure, our estimates were determined. The empirical analysis carried out confirmed that agriculture has contributed positively to economic growth.Â
The model employed is adopted along the Robert Solow model based. Â
TABLE OF CONTENT
Title Page                                                                                                                       Â
Certification                                                                                                               Â
Dedication                                                                                                                 Â
Acknowledgement                                                                                                   Â
Abstract                                                                                                                   Â
List of Tables                                                                                                             Â
Table of Content                                                                                                      Â
CHAPTER ONEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â INTRODUCTION
1.1      General Introduction                                                                                                      Â
1.2      Background of the Study                                                                                          Â
1.2.1   Socio-Economic and development challenges in Nigeria’s agriculture                     Â
1.3      Statement of the Problem                                                                                          Â
1.4      Objectives of the Study                                                                                          Â
1.5      Scope and Limitation of the Study                                                                                 Â
1.6      Significance of the Study                                                                                                Â
1.7      Formulation of Hypothesis                                                                                              Â
1.8     Methodology                                                                                                               Â
1.9     Organization of the Study                                                                                                                                                      Â
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CHAPTER TWOÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â LITERATURE REVIEWÂ Â
2.1      Role of Agriculture in an economy                                                                          Â
2.2      Importance of Agriculture                                                                                        Â
2.3      Analysis of Selected Indicators of Agricultural Growth                                          Â
2.3.1   Trends in input utilization                                                                                         Â
2.3.2   Trends in Agricultural Financing                                                                              Â
2.4      Agricultural Output                                                                                                  Â
2.4.1   Crop Output gap                                                                                                       Â
2.4.2   Livestock Output gap                                                                                              Â
2.4.3   Fisheries Output gap                                                                                                 Â
2.5      Agricultural Constraints                                                                                            Â
2.5.1   Financial Contraints                                                                                                  Â
2.5.2   Infrastructure Constraints                                                                                         Â
2.5.3   Environmental Constraints                                                                                        27       2.5.4           Management Constraints                                                                                          Â
- Land Use Constraints                                                                                                28
- Institutional Reforms                                                                                               Â
-     Policy Instruments                                                                                                     30
2.8      Macro-Economic variables affecting Economic Growth                                          Â
2.8.1   Government Expenditure                                                                                         Â
2.8.2   Investment                                                                                                                 36
2.8.3   Foreign Investment                                                                                                    39
2.9      The new Nigeria Agricultural policy                                                                         Â
CHAPTER THREEÂ Â Â Â Â Â Â Â Â Â Â Â RESEARCH METHODOLOGYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
3.1      Theoretical Framework                                                                                              45     Â
3.2      Model Specification                                                                                                  50     Â
3.3Â Â Â Â Â Â Estimation of the Model(s)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 53Â Â Â Â Â Â
3.4      Diagnostic Analysis                                                                                                  53     Â
3.5      Sources of Data                                                                                                        55                                                                Â
CHAPTER FOURÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â MODEL ESTIMATION & DISCUSSION
4.1      Introduction                                                                                                               56
4.2      Model Estimation                                                                                                    56     Â
4.3      Model Evaluation                                                                                                   Â
4.4      Cochrane Orcutt Analysis                                                                                          58
CHAPTER FIVEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SUMMARY, RECOMMENDATION & CONCLUSIONÂ Â Â Â Â
5.1      Summary                                                                                                                    59
5.2      Recommendations                                                                                                     59
5.3      Conclusion                                                                                                                65                            Â
Appendix A: Table of data                                                                                                   66    Â
Appendix B: Regression Results                                                                                           67                            Â
Bibliography                                                                                                                           69