Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/639
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dc.contributor.authorUdeaja, E. A.-
dc.contributor.authorUdoh, E. A.-
dc.date.accessioned2018-11-21T14:25:52Z-
dc.date.available2018-11-21T14:25:52Z-
dc.date.issued2014-06-
dc.identifier.citationUdeaja, E. A. & Udoh, E. A. (2014). Effect of monetary policy on agricultural sector in Nigeria. CBN Economic and Financial Review, 52(2), 33-74.en_US
dc.identifier.issn1957-2968-
dc.identifier.urihttp://library.cbn.gov.ng:8092/jspui/handle/123456789/639-
dc.description.abstractThe study examined the effect of monetary policy on agricultural sector in Nigeria, utilising time series data for the periods spanning from 1970 to 2010. The study captured both monetary and non-monetary policy variables such as lending rate, commercial banks credit to agriculture, exchange rate, government expenditure in agriculture and inflation rate in examining the effect of monetary policy on agricultural output. The methodology adopted is the Auto- Regressive Distributed Lag (ARDL) Bound Testing Approach. The results obtained showed that exchange rate and government expenditure had positive and significant effect on agricultural output and, hence agricultural sector in Nigeria. It is recommended that a sound exchange rate policy should be implemented aimed at boosting agricultural exports in Nigeria. Also, government investment to provide the basic infrastructure and institutions should be sustained because without the appropriate institutions, monetary policy cannot impact positively on real sector.en_US
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria (CBN), Research Departmenten_US
dc.relation.ispartofseries52;2-
dc.subjectAgricultureen_US
dc.subjectMonetary policyen_US
dc.subjectExchange rateen_US
dc.subjectInterest rateen_US
dc.subjectNigeriaen_US
dc.subjectEconomyen_US
dc.subjectAuto- Regressive Distributed Lag (ARDL)en_US
dc.subjectLending rateen_US
dc.subjectGovernment expenditureen_US
dc.subjectCrediten_US
dc.titleEffect of monetary policy on agricultural sector in Nigeriaen_US
dc.typeArticleen_US
Appears in Collections:Economic and Financial Review

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