International records / OpenAlex research

Roles of Macroeconomic Variables on Agricultural Diversification in Nigeria

The study examined the trend in agricultural diversification index from 1960 to 2014 in Nigeria. It also determined the influence of some macroeconomic variables on the estimated index. Augmented Dickey-Fuller-GLS unit root test showed that all series were integrated of order one. The long-run and short-run elasticity of the agricultural diversification index with respect to the specified macro-economic variables were determined using the techniques of co-integration and error correction models. The trend analysis revealed that, the country has witnessed appreciable level of agricultural diver…