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Effects of foreign trade on agricultural output in Nigeria (1981-2018)

The current study examined the impact of foreign trade on agricultural output in Nigeria based on data sourced from 1981 to 2018 by employing a number of estimation techniques such as Cobb-Douglas, unit root testing, autoregressive distributed lag among others within the context of two profound theories of exchange rate - the vent – for surplus theory of international trade; factor endowments theory. | Effects of foreign trade on agricultural output in Nigeria 1981-2018 International Journal of Mechanical Engineering and Technology IJMET Volume 10 Issue 03 March 2019 pp. 749 758 Article ID IJMET_10_03_078 Available online at http www.iaeme.com ijmet issues.asp JType IJMET amp VType 10 amp IType 3 ISSN Print 0976-6340 and ISSN Online 0976-6359 IAEME Publication Scopus Indexed EFFECTS OF FOREIGN TRADE ON AGRICULTURAL OUTPUT IN NIGERIA 1981-2018 NWANJI Tony Ikechukwu Department of Accounting and Finance Landmark University Omu-Aran Nigeria LAWAL Adedoyin Isola Department of Accounting and Finance Landmark University Omu-Aran Nigeria ASAMU Festus Department of Sociology Landmark University Omu-Aran Nigeria INEGBEDION Henry Department of Business Studies Landmark University Omu-Aran Nigeria ABSTRACT The current study examined the impact of foreign trade on agricultural output in Nigeria based on data sourced from 1981 to 2018 by employing a number of estimation techniques such as Cobb-Douglas unit root testing autoregressive distributed lag among others within the context of two profound theories of exchange rate - the vent for surplus theory of international trade factor endowments theory. Our study observed that foreign trade exerts negatively on agricultural output. Our results have some empirical implications. Key words Foreign trade agricultural productivity Nigeria Unit root test stationary Cite this Article NWANJI Tony Ikechukwu LAWAL Adedoyin Isola ASAMU Festus INEGBEDION Henry Effects of Foreign Trade on Agricultural Output in Nigeria 1981-2018 International Journal of Mechanical Engineering and Technology 10 3 2019 pp. 749 758. http www.iaeme.com IJMET issues.asp JType IJMET amp VType 10 amp IType 3 1. INTRODUCTION Nigeria has been noted to be a gifted country when it comes to natural resources. Every country that is industrialized today passed through agrarian era. In fact agricultural sector still remains the backbone of the industrial sector. In most .