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Abstract
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Article Information:
An Assessment of the Effects of Interest Rate Deregulation in Enhancing Agricultural Productivity in Nigeria
I. Adofu, M. Abula and S.I. Audu
Corresponding Author: Abula Matthew
Submitted: 2010 February, 04
Accepted: 2010 February, 17
Published: 2010 March, 10 |
Abstract:
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The study shows by means of robust statistical analysis, the changes in Agricultural production since
the deregulation of interest rate in 1986. Using ordinary least square m ethod, data from 1986 to 2005 were
examined. The empirical analysis carried out showed that interest rate deregulation has significant and positive
impact on Agricultural productivity in Nigeria within the period under review. The empirical analysis also
suggest that interest rate play a significant role in enhancing economic activities and as such, monetary
authorities should ensure appropriate determination of interest rate level that will break the double - edge effect
of interest rate on savers and local investors.
Key words: Agricultural productivity, deregulation, financial intermediary, government intervention, interest rate, surplus fund,
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Cite this Reference:
I. Adofu, M. Abula and S.I. Audu, . An Assessment of the Effects of Interest Rate Deregulation in Enhancing Agricultural Productivity in Nigeria. Current Research Journal of Economic Theory, (2): Page No: 82-86.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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