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Impact of Agriculture and Industrialization on GDP in Nigeria: Evidence from VAR and SVAR Models

Agriculture and industrialization has been generally accepted as the surest and most direct route to economic development of any country like Nigeria. Their potentials, if properly harnessed, has the capacity to grow a Nation income. In this paper, we investigated the impact of agriculture and industry on GDP in Nigeria. To achieve this, we employed the log transform data on Agriculture, industry and GDP from 1960 to 2011 extracted from the CBN website. The ADF test for stationarity was carried out for GDP, agriculture and industry, the result revealed stationarity of the series at 1% level of…

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    from https://mpra.ub.uni-muenchen.de/75268/3/MPRA_paper_75268.pdf