Towards the acceleration of the attainment of sustainable growth, most countries have focused
on agricultural exports as a means of driving their economy. Developing countries of Africa are
highly dependent on the agricultural sector and agricultural exports are a major determinant of
economic growth of these countries. However, the impact of agricultural exports on economic
growth of ECOWAS countries remains unclear. This study therefore evaluates the impact of
agricultural exports on the economic growth of fifteen ECOWAS countries using panel data for the
period 1980–2013. Variables employed are labour force participation rate, capital stock, agricultural
exports, non-agricultural exports, inflation and economic growth. The results of the fixed-effect
model show that agricultural exports have not impacted significantly on the economic growth of
ECOWAS countries such as Côte d’Ivoire and Nigeria with respect to the Republic of Benin, which
is the selected baseline. The study also analysed the country combined effect of the agricultural
exports and found that it was significant but the rate of impact was weak. The study recommends,
among others, that even though agricultural exports had a significant impact on economic growth,
there is still a need for ECOWAS governments to improve their agricultural sector as its significance
is more noticeable in some countries such as Côte d’Ivoire and Nigeria.
Edeme, R., Ifelunini, I & Nkalu, N (2019). A COMPARATTIVE ANALYSIS OF THE IMPACT OF AGRICULTURAL EXPORT ON ECONOMIC GROWTH OF ECOWAS COUNTRIES. Afribary. Retrieved from https://afribary.com/works/a-comparattive-analysis-of-the-impact-of-agricultural-export-on-economic-growth-of-ecowas-countries
Edeme, Richardson, et. al. "A COMPARATTIVE ANALYSIS OF THE IMPACT OF AGRICULTURAL EXPORT ON ECONOMIC GROWTH OF ECOWAS COUNTRIES" Afribary. Afribary, 19 Feb. 2019, https://afribary.com/works/a-comparattive-analysis-of-the-impact-of-agricultural-export-on-economic-growth-of-ecowas-countries. Accessed 23 Nov. 2024.
Edeme, Richardson, Innocent Ifelunini and Nelson Nkalu . "A COMPARATTIVE ANALYSIS OF THE IMPACT OF AGRICULTURAL EXPORT ON ECONOMIC GROWTH OF ECOWAS COUNTRIES". Afribary, Afribary, 19 Feb. 2019. Web. 23 Nov. 2024. < https://afribary.com/works/a-comparattive-analysis-of-the-impact-of-agricultural-export-on-economic-growth-of-ecowas-countries >.
Edeme, Richardson, Innocent Ifelunini and Nelson Nkalu . "A COMPARATTIVE ANALYSIS OF THE IMPACT OF AGRICULTURAL EXPORT ON ECONOMIC GROWTH OF ECOWAS COUNTRIES" Afribary (2019). Accessed November 23, 2024. https://afribary.com/works/a-comparattive-analysis-of-the-impact-of-agricultural-export-on-economic-growth-of-ecowas-countries