Agricultural Response to Prices and Exchange Rate in Nigeria : Application of Co-integration and Vector Error Correction Model ( VECM )

@inproceedings{Obayelu2011AgriculturalRT,
  title={Agricultural Response to Prices and Exchange Rate in Nigeria : Application of Co-integration and Vector Error Correction Model ( VECM )},
  author={Abiodun Elijah Obayelu and A. Sheu Salau},
  year={2011}
}
The response of agriculture to changes in relative prices and exchange rates is an important factor in the success of any reform programme in agricultural sector of Nigeria. This study estimated the response of aggregate agricultural output to exchange rate and price movements of food and export crops in Nigeria using available time series data that span… CONTINUE READING