Agricultural Exports and Economic Growth in Selected West African Countries

Odike Abraham Ijuo¹ , Jerome Ȧndoho²

1. Department of Economics, Benue State University, Makurdi-Nigeria.
2. Department of Economics, Benue State University, Makurdi-Nigeria.

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.1 , pp.29-39, Mar-2020

Online published on Mar 30, 2020

Copyright © Odike Abraham Ijuo, Jerome Ȧndoho . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
This study examined the impact of agricultural exports on economic growth of selected West African Countries (Nigeria, Ghana, Cote d’Ivoire and Benin Republic), using panel data covering 1982 to 2016. The study adopted panel Fixed Effect method to find out that agricultural exports have a significant and positive (0.07) impact on the economic growth of these countries when observed on the basis of common coefficient, but with mix results when considered on the basis of country-specific coefficients; insignificant positive (0.003518) impact on the Nigerian economy, significant negative (-0.265914) impact on the economy of Cote d’Ivoire, an insignificant negative impacts (-0.04987 and -0.019416) on the growth of the economies of Ghana and Benin Republic, respectively at 5% significance level. The study therefore recommended among other things that these countries should ensure diversification of agricultural products or value addition before exporting agricultural goods in order to fully tap in on the benefits of exportation.

Key-Words / Index Term :
Agricultural Exports, Economic Growth, Fixed Effect Model

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