International records / OpenAlex research

Inflation and Agricultural Growth in Nigeria: An Empirical Analysis of Nonlinear Responses to Inflation Changes (1981–2023)

The study examines the impact of inflation on agricultural growth in Nigeria using the Nonlinear Autoregressive Distributed Lag (NARDL) model. It focuses on the effects of positive and negative inflation, agricultural expenditure, and the monetary policy rate (MPR). The results show that positive inflation has a short-term positive effect on agricultural growth by increasing nominal prices and potentially boosting farmer revenues. However, this effect diminishes over time due to rising input costs and market inefficiencies. Negative inflation does not significantly affect agricultural growth, …