TY  - JOUR
T1  - Macroeconomic Variables and Nigerian Agricultural Sector Development
AU - Onwuagana, Okafor 
JO  - Journal of Economics Theory
VL  - 14
IS  - 1
SP  - 1
EP  - 7
PY  - 2020
DA  - 2001/08/19
SN  - 1994-8212
DO  - jeth.2020.1.7
UR  - https://makhillpublications.co/view-article.php?doi=jeth.2020.1.7
KW  - Agricultural sector
KW  -agricultural output
KW  -exchange rate
KW  -inflation
KW  -interest rate
AB  - The study investigated the impact of some
macroeconomic variables like exchange rate and inflation
on the development of the Nigerian agricultural industry.
Annual time series secondary data covering a period
of 32 years (1986-2019) was utilized in the study while
the Ordinary Least Square (OLS) was the estimation
technique used to analyze the data. Findings revealed that
exchange rate was positively significant in impacting the
dependent variable while inflation rate was negatively
significant. Interest rate was insignificant in impacting
agricultural sector. From the findings, one
recommendation arrived at was that the monetary
authorities should make policies that would reduce
inflation, for example reduction of money supply.
Reduced inflation would positively impact the
development of the agricultural sector as it would boost
and increase the consumption of the agricultural products.
ER  -