International records / OpenAlex research

Can Private Investment Sustain Cocoa Subsector Output in Nigeria? Empirical Evidence using Vector Error Correction Model: 1980-2016

This study was carried out to analyse effect of private investment on cocoa output in Nigeria using Vector error correction model.Based on the availability of data, secondary data consisting of annual times series covering a period of 37 years were obtained from World Bank data base, food and agriculture organization and United Nations conference trade and development (UNCTAD).Data were analysed using vector error correction model (VECM) Impulse response and Variance decomposition.Results showed that the direction of cocoa (-0.001) and FDI (-0.000) were negative and significant at 1% and 5% le…