This research work aims to investigate the impact of previous finances allocated to the agricultural sector has had on Nigeria’s economic development and its contributions to poverty and unemployment rate reduction. The research will also investigate based on findings, the impact future increased financing of this sector will equally have on poverty reduction, employment generation and economic development in Nigeria and also, analyse other potentials the agricultural sector has that can impact the growth and development positively and contribute to poverty reduction as well. Based on the result and findings, various development-friendly policies and recommendations will be proffered that will be implemented to contribute favourably in attracting investors both foreign and local, boost these investors’ confidence in this sector. The work will also identify and recommend other potentials the agricultural sector has that can impact positively on the country’s existing potentials.
{"title":"An Empirical Investigation on the Impact of Increased Financing of the Agricultural Sector on Poverty Reduction, Unemployment and Economic Development in Nigeria.","authors":"Nwabueze Prince Okenna","doi":"10.2139/ssrn.3654537","DOIUrl":"https://doi.org/10.2139/ssrn.3654537","url":null,"abstract":"This research work aims to investigate the impact of previous finances allocated to the agricultural sector has had on Nigeria’s economic development and its contributions to poverty and unemployment rate reduction. \u0000 \u0000The research will also investigate based on findings, the impact future increased financing of this sector will equally have on poverty reduction, employment generation and economic development in Nigeria and also, analyse other potentials the agricultural sector has that can impact the growth and development positively and contribute to poverty reduction as well. \u0000 \u0000Based on the result and findings, various development-friendly policies and recommendations will be proffered that will be implemented to contribute favourably in attracting investors both foreign and local, boost these investors’ confidence in this sector. \u0000 \u0000The work will also identify and recommend other potentials the agricultural sector has that can impact positively on the country’s existing potentials.","PeriodicalId":371196,"journal":{"name":"AgriSciRN: Food Policy in Africa (Sub-Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131949176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
E. Botchway, Fred Kofi Asiedu, Peter Asare-Nuamah, Michael Insaidoo
Risk and uncertainty are ubiquitous and varied within the agricultural sector. This study investigated how weather risk in agriculture impact real per capita income from food crop production. An econometric model to estimate a stochastic production function that quantifies the effects of risk variables on the mean, variance and skewness of real per capita income was adopted. The results showed that average temperature has a significant concave relationship on real per capita income, indicating that rising average temperature increases real per capita income but the increase in real per capita income diminishes as average temperature increases above a maximum threshold of 27.78°C. Precipitation on the other hand does not have any significant effect on real per capita income on the average.
{"title":"Factors Influencing Risk in Per Capita Income from Food Crop Production in Ghana","authors":"E. Botchway, Fred Kofi Asiedu, Peter Asare-Nuamah, Michael Insaidoo","doi":"10.2139/ssrn.3857431","DOIUrl":"https://doi.org/10.2139/ssrn.3857431","url":null,"abstract":"Risk and uncertainty are ubiquitous and varied within the agricultural sector. This study investigated how weather risk in agriculture impact real per capita income from food crop production. An econometric model to estimate a stochastic production function that quantifies the effects of risk variables on the mean, variance and skewness of real per capita income was adopted. The results showed that average temperature has a significant concave relationship on real per capita income, indicating that rising average temperature increases real per capita income but the increase in real per capita income diminishes as average temperature increases above a maximum threshold of 27.78°C. Precipitation on the other hand does not have any significant effect on real per capita income on the average.","PeriodicalId":371196,"journal":{"name":"AgriSciRN: Food Policy in Africa (Sub-Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125103973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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