| Title: | Effects of Cereal Outputs on Gross Domestic Product (GDP) in Nigeria |
| Author(s): | NWOKUGHA S. U & TUANEH G.L |
| Abstract: | Study examined the effects of cereal outputs on Gross Domestic Product (GDP) in Nigeria between the periods of 1980 to 2022. Time series data obtained from the database of World Bank (WB, 2022), Central Bank of Nigeria (CBN, 2022) for a time period of forty- two (42) years was used in the study. The data collected were analyzed using descriptive statistics and analyzed using Autoregressive Distributed Lag (ARDL) . The Descriptive statistics showed that the variables employed were normally distributed. The unit root test result using Augmented Dickey-Fuller (ADF) showed that GDP, Maize output, millet output, rice output, sorghum output and wheat output were stationary at level. The Autoregressive Distribution Lag (ARDL) bound test showed the presence of long run relationship co-integration. Based on the standard deviation (S.D) of the variables, rice output had the highest standard deviation of (109936.1), whereas interest rate has the lowest standard deviation of (3.4760). Rice output had the highest kurtosis of (37.6414) indicating that the distributions were peaked. The autoregressive distributive lag (ARDL) result showed that cereal output and GDP had significant effect on Economic Growth in both short and long-run at (5% level of significance. R2 was 0.998; indicating that cereal output explained 99.8 percent showing how well the regression model fits the data, essentially telling the proportion of the variation in which the dependent variable is explained by the independent variables. The study, therefore recommend that farmers should be encouraged to increase their level of cereal outputs as it helps to strengthen GDP in Nigeria thereby boost the economy of the country. |
| Keywords: | Effects, Cereals, Outputs, GDP. |
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