Bank Credit and Agricultural Output in Nigeria  (1970 – 2013): An Error Correction Model (ECM) Approach

P. N. Nnamocha; Charles N. Eke

doi:10.9734/BJEMT/2015/19884

Research Article Open access CC BY 4.0

Bank Credit and Agricultural Output in Nigeria (1970 – 2013): An Error Correction Model (ECM) Approach

P. N. Nnamocha, Charles N. Eke

Journal of Economics, Management and Trade · pp. 1–12 · Published 24 Aug 2015

10.9734/BJEMT/2015/19884

Abstract

This work investigated the effect of Bank Credit on Agricultural Output in Nigeria using the Error Correction Mode (ECM). A yearly data (1970- 2013) obtained from the Central Bank of Nigeria was used for the analysis. The analysis showed that all the variables were integrated of order one I (1) and long-run relationship existed among them. However, following the empirical findings in this study, it showed that, in the long-run bank credit and industrial output contributed a lot to agricultural output in Nigeria, while; only industrial output influenced agricultural output in the short-run.

Error correction model bank credit agricultural output and credit channel theory

Cited by 16

The Impact of Credit Policy Environment on Agricultural Output in Nigeria

Sunday Brownson Akpan, Edet Jouhua Udoh, Veronica Sebastin Nkanta · Research in Agricultural Sciences · 2025

Does Agricultural Credit Mitigate the Effect of Climate Change on Cereal Production? Evidence from Sichuan Province, China

Wensong He, Wei Chen, Abbas Ali Chandio · Atmosphere · 2022

Fostering Agricultural Growth Sustainability: The Critical Role of Bank Financing in Nigeria

Olalekan Charles Okunlola, Olumide Abiodun Ayetigbo · Growth, Poverty and Developmental Aspects of Agriculture · 2024

Impact of Agricultural Credit on Productivity

Hardy Zabatantou Louyindoula, Charles Alexis Bouity, Fernand Owonda · Theoretical Economics Letters · 2023

Strategic government policies on agricultural financing in African emerging markets

Leonard Onyiriuba, E.U. Okoro Okoro, Godwin Imo Ibe · Agricultural Finance Review · 2020

Revisiting the Causal link Between Agriculture, Industrial output and Financial Sector Development in South Africa

Finance, College of Law & Management Studies, University of KwaZulu-Natal, Durban, South Africa, Mabutho Sibanda, Zamanguni Gumede · Journal of Reviews on Global Economics · 2019

Access this article

View at publisher

Cite this article

P. N. Nnamocha, Charles N. Eke (2015). Bank Credit and Agricultural Output in Nigeria (1970 – 2013): An Error Correction Model (ECM) Approach. Journal of Economics, Management and Trade , 1–12. https://doi.org/10.9734/BJEMT/2015/19884

Affiliations

P. N. Nnamocha — Department of Economics, Imo State University, Owerri, Imo State, Nigeria
Charles N. Eke — Department of Mathematics and Statistics, Federal Polytechnic Nekede, Owerri, Imo State, Nigeria

Metrics

0
Views: 0
Downloads: 16
Citations: 0
Outbound

Full metrics

Article metrics

Real usage data collected on this platform.

0

Page views

0

PDF downloads

0

Outbound clicks

16

Citations

Views by country

Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".

No views recorded yet.

Traffic sources

Referring site, by host.

No traffic recorded yet.

Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.