Authors : Abiodun O. Folawewo and Solomon A. Olakojo
Abstract: Nigeria was one of the largest exporters of agricultural commodities in the world before the oil shock of 1970 and early 1980's. In view of Nigeria’s significant contribution and export capacity to the world volume before the oil shock, the study examined the determinants of agricultural exports in Nigeria. The Parsimonious error correction model was estimated utilizing Ordinary Least Square (OLS) as analytical tool using data set from various institutional sources that ranged from 1970-2007. The outcome of the analyses revealed that world price for Nigeria major agricultural commodities, world income and Nigeria past agricultural output were determinants of agricultural exports. As such, the study recommended that priority should be accorded to the boosting of the current level of agricultural output which may involve rehabilitation of abandoned farms, establishment of new ones and providing appropriate incentives as a means of sustaining output level.
Abiodun O. Folawewo and Solomon A. Olakojo, 2010. Determinants of Agricultural Exports in Oil Exporting Economy: Empirical Evidence from Nigeria. Journal of Economics Theory, 4: 84-92.