The Impact of Commercial Bank Credit on Agricultural Output in Nigeria

The Impact of Commercial Bank Credit on Agricultural Output in Nigeria

TABLE OF CONTENTS
TITLE PAGE……………………………………………………………..i
APPROVAL PAGE………………………………………………………ii
DEDICATION…………………………………………………………….iii
ACKNOWLEDGEMENT…………………………………………………iv
ABSTRACT………………………………………………………………..vi
TABLE OF CONTENT……………………………………………………viii
CHAPTER ONE
INTRODUCTION

BACKGROUND TO THE STUDY……………………………………….1

STATEMENT OF PROBLEM…………………..………………………..6

OBJECTIVE OF THE STUDY…………………………….…………..…9

HYPOTHESIS OF THE STUDY…………………………………………9

SIGNIFICANCE OF THE STUDY…………………….………………..10

SCOPE AND LIMITATION OF HE STUDY…………………………..10

CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1    THEORITICAL L ITERATURE……………………………….……….12
2.1.1 THE PRE-REQUISITE THESIS VERSUS
THE CONCURRENCE THESIS……………………………………….14
2.2    FINANCING AGRICULTURE IN NIGERIA …………………………18
2.1.1           SOURCES OF AGRICULTURAL FINANCING …………………….20
2.3    COMMERCIAL BANK CREDIT AND AGRICULTURAL OUTPUT………………………………………………………………… 23
2.4    EMPIRICAL LITERATURE……………………………………………..28
CHAPTER THREE
RESEARCH METHODOLOGY
3.1    MODEL SPECIFICATION …………………………………….……….34
3.2    ESTIMATION PROCEDURE………………..…………………………36
3.3    EVALUATION TECHNIQUES………..………………………………..37
3.4    DATA REQUIRED AND SOURCES…………………………………..41
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1    UNIT ROOT TEST………………………………………………………43
4.2    CO INTEGRATION TEST………………………………………………44
4.3    PRESENTATION AND INTERPRESTATION OF RESULT………..46
4.3:1 INTERPRESTATION OF REGRSSION RESULT…………..………..47
4.4    EVALUATION OF EMPIRICAL RESULT……………………………..48
4.4:1 ECONOMIC CRITERIA (A PRIORI EXPECTATION)……………….48
4.4:2 STATISTICAL CRITERIA……………………………………………..50
4.4:3 COEFFICIENT OF DETERMINATION (R2)………………………….51
4.4.4 THE T-STAISTICS……………………………………………………..51
4.4.5 THE F-TEST…………………………………………………………….52
4.5. ECONOMIC CRITERIA (SECOND ORDER TEST)…………………53
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1    SUMMARY……………………………………………..……………..… 59
5.2    CONCLUSION …………………………………………………………..62
5.3    RECOMMENDATION………………………………………..………….63
BIBLIOGRAPHY……………………………………………….…………67
APPENDIX