Pakistan Journal of Social Sciences
ISSN: Online 1993-6052ISSN: Print 1683-8831
Abstract
This study examined those factors that influence the demand for Nigeria`s agricultural export commodities. It relied on secondary data collected from the publications of the Federal Office of Statistics, Central Bank of Nigeria, World Bank and International Monetary Fund. The data were analyzed using descriptive statistics and the Auto-regressive Distributed Lag (ADL) model. The paper found out that the proportion of agricultural export commodities to total export has continued to decline. The current and expected per capita income of the importing countries, and the expected quantity of cocoa imported are positively associated with the demand for these agricultural while the current and expected relative prices of these commodities are negatively associated with the demand of agricultural export commodities. In addition, the traditional agricultural export commodities are inelastic in the short run while those of the non-traditional agricultural commodities are elastic in the long run. It is recommended that Nigeria should make these export commodities` prices to be cheap in order to increase the level of demand in the importing countries.
How to cite this article:
B.T. Omonona , O.A. Oni and E. Akpan . The Determinants of Demand for Nigeria`s Agricultural Export Commodities.
DOI: https://doi.org/10.36478/pjssci.2007.247.251
URL: https://www.makhillpublications.co/view-article/1683-8831/pjssci.2007.247.251