The Relationships of Inflationary Trend, Agricultural Productivity and Economic Growth in Nigeria

Authors

Oyakhilomen Oyinbo, Ahmadu Bello University, ZariaFollow
Grace Z. Rekwot, Ahmadu Bello University, Zaria Kaduna State, Nigeria

Keywords

Inflation, Agriculture, Economic growth, Link

Abstract

This study investigates the links existing between inflationary trend, agricultural productivity and economic growth in Nigeria using time series data spanning from 1970 to 2011. The results of the analyses indicate a unidirectional causality from inflationary trend to agricultural productivity, unidirectional causality from agricultural productivity to economic growth with no causality between inflationary trend and economic growth. Based on these findings, it is recommended that the Central Bank of Nigeria should pay more attention to the trend of inflation and pursue policies that will ensure single digit inflation.

Author Bio

The authors are staff of the Department of Agricultural Economics and Rural Sociology, Ahmadu Bello University, Zaria, Nigeria. P.M.B. 1044.

Publication Title

CBN Journal of Applied Statistics

Issue

1

Volume

5

Recommended Citation

Oyinbo, Oyakhilomen and Rekwot, Grace Z. (2014) "The Relationships of Inflationary Trend, Agricultural Productivity and Economic Growth in Nigeria," CBN Journal of Applied Statistics (JAS): Vol. 5: No. 1, Article 3.
Available at: https://dc.cbn.gov.ng/jas/vol5/iss1/3