期刊名称：International Journal of Food and Agricultural Economics
印刷版ISSN：2147-8988
出版年度：2018
卷号：6
期号：4
页码：1-15
出版社：International Journal of Food and Agricultural Economics
摘要：This study examined rice output response to commercial loan to agriculture (CLA) in
Nigeria from 1966 to 2015. Employing the Augmented-Dickey Fuller test to analyze the level
of stationarity of each of the series and applied the Autoregressive Distributed Lags (ARDL),
via bounds testing to determine long-run elasticities as well as short-run elasticities of rice
output. Rice output was responsive to producer price of rice with elasticity of 0.34 in the short
run at 5% and elasticity of 0.66 at 1% in the long run. Producer price of maize was negative
and significant in the short run with elasticity of -0.48 at 5% level of significance and elasticity
of (-1.38) in the long at 1% level of significance. Rice output showed an insignificant elasticity
of 0.19 in the short run but was elastic (0.3%) and significant at 5% in the long run.
Furthermore, hectarage was highly significant at 1% with elasticity of 1.14 in the short run
and elasticity of 1.4 in the long run in relation to the output. It was therefore concluded that
CLA made intense impact on rice output in the long run. On this premise therefore, it is
recommended that government should review its Land Use Act of 1978 to enable producers
more access to land for rice cultivation, secondly government should increase such funds to
ease producers the ability to procure all the necessary inputs and make the fund readily and
promptly available.
关键词：ARDL; Commercial Loan to Agriculture; Nigeria; Rice output;
