Understanding the relationship between exchange rate and agricultural output has drawn the attention of researchers since exchange rate has been found to be pertinent in valuing agricultural production and equipments. This paper examines the effects of real exchange rate increases (appreciation) and decreases (depreciation) on aggregate and sectoral agricultural output using data for Nigeria. Using the nonlinear ARDL cointegration framework the paper analyses the long-run and short-run asymmetric relations between real exchange rate and aggregate and sectoral agricultural output. The findings from the analysis indicate the existence of cointegration between real exchange rate and aggregate and sectoral agricultural output. In the long-run, real exchange rate appreciation has significant positive effect on aggregate and sectoral agricultural output, while the effect of real exchange rate depreciation is negative and significant. The long run estimates also indicate that the effects on agricultural ouput of real exchange rate increases are greater than that of real exchange rate decreases. Findings from this empirical analysis indicate the need for an appropriate exchange rate policy to promote agricultural sector development.
AWOLAJA,O. OKEDINA,I. .
(2019). A Non-Linear ARDL Cointegration Analysis of the Effect of Exchange Rates on Agricultural Output in Nigeria, 1981 to 2017, 59
(), 68-68.
AWOLAJA,O. OKEDINA,I. .
"A Non-Linear ARDL Cointegration Analysis of the Effect of Exchange Rates on Agricultural Output in Nigeria, 1981 to 2017" 59, no (), (2019):
68-68.
AWOLAJA,O. and OKEDINA,I. and .
(2019). A Non-Linear ARDL Cointegration Analysis of the Effect of Exchange Rates on Agricultural Output in Nigeria, 1981 to 2017, 59
(), pp68-68.
AWOLAJAO, OKEDINAI, .
A Non-Linear ARDL Cointegration Analysis of the Effect of Exchange Rates on Agricultural Output in Nigeria, 1981 to 2017. 2019, 59
():68-68.
AWOLAJA,Oladapo ,
and OKEDINA,Iyabo
.
"A Non-Linear ARDL Cointegration Analysis of the Effect of Exchange Rates on Agricultural Output in Nigeria, 1981 to 2017", 59 . (2019) :
68-68.
A.Oladapo & O.Iyabo ,
"A Non-Linear ARDL Cointegration Analysis of the Effect of Exchange Rates on Agricultural Output in Nigeria, 1981 to 2017"
vol.59,
no.,
pp. 68-68,
2019.