The Macroeconomic Contribution of Agricultural Economics to National Growth and Development

Odeigah Dennis Chukwueloke

doi:doi:10.11648/j.ijae.20190406.17

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The Macroeconomic Contribution of Agricultural Economics to National Growth and Development

Odeigah Dennis Chukwueloke

Published in International Journal of Agricultural Economics (Volume 4, Issue 6)

Received: 23 February 2019 Accepted: 8 April 2019 Published: 26 December 2019

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Abstract

This study was undertaken to investigate the macroeconomics of agricultural economics using secondary data collected from different sources to appraise results in the course of the research. The analysis was to determine the macroeconomic contribution of agricultural economics to national growth and development. The survey revealed that agricultural economics helps to enhance investment, employment, trade, foreign exchange earnings, government revenue, food security, technological innovation, economic growth and development. In addition, in all contributions to the gross domestic product (GDP), agriculture is most vital, because no work or thought can be exercised without the release of energy which comes from food. The following recommendations are proffered to increase the influence of agricultural economics on the macroeconomics of a national economy: the monetary policy rate (MPR) or discount rate (DR) should be reduced to 0-2% to enhance agricultural production, tax revenues, exports, employment, food security, technological innovation, and the GDP.

Published in	International Journal of Agricultural Economics (Volume 4, Issue 6)
DOI	10.11648/j.ijae.20190406.17
Page(s)	298-300
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Macroeconomics, Agricultural Economics, Investment, Food Security, Economic Growth and Development

References

[1]	Barkley, A. and P. W. Barkley (2013). Principles of Agricultural Economics. Routledge.
[2]	Cramer, G. L. and C. W. Jensen (1994). Agricultural Economics and Agribusiness Study Guide, Sixth edition. Wiley.
[3]	Debertin, D. L. (2012). Agricultural Production Economics (the Art of Production Theory). Createspace Independent Pub.
[4]	Samuelson, P. A. and W. D. Nordhaus (1998). Economics, Sixteenth edition. The McGraw-Hill Companies, Inc.
[5]	The Economist (2013). vol. 408, no. 8852.
[6]	The Economist (2014). vol. 413, no. 8916.
[7]	The Economist (2016). vol. 420, no. 8999.
[8]	Federal Ministry of Finance (2000). Quarterly Performance Report on the Economy: April – June. Abuja, Nigeria.
[9]	Federal Ministry of Finance (2000). Quarterly Performance Report on the Economy: July – September. Abuja, Nigeria.

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APA Style

Odeigah Dennis Chukwueloke. (2019). The Macroeconomic Contribution of Agricultural Economics to National Growth and Development. International Journal of Agricultural Economics, 4(6), 298-300. https://doi.org/10.11648/j.ijae.20190406.17

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ACS Style

Odeigah Dennis Chukwueloke. The Macroeconomic Contribution of Agricultural Economics to National Growth and Development. Int. J. Agric. Econ. 2019, 4(6), 298-300. doi: 10.11648/j.ijae.20190406.17

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AMA Style

Odeigah Dennis Chukwueloke. The Macroeconomic Contribution of Agricultural Economics to National Growth and Development. Int J Agric Econ. 2019;4(6):298-300. doi: 10.11648/j.ijae.20190406.17

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@article{10.11648/j.ijae.20190406.17,
  author = {Odeigah Dennis Chukwueloke},
  title = {The Macroeconomic Contribution of Agricultural Economics to National Growth and Development},
  journal = {International Journal of Agricultural Economics},
  volume = {4},
  number = {6},
  pages = {298-300},
  doi = {10.11648/j.ijae.20190406.17},
  url = {https://doi.org/10.11648/j.ijae.20190406.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20190406.17},
  abstract = {This study was undertaken to investigate the macroeconomics of agricultural economics using secondary data collected from different sources to appraise results in the course of the research. The analysis was to determine the macroeconomic contribution of agricultural economics to national growth and development. The survey revealed that agricultural economics helps to enhance investment, employment, trade, foreign exchange earnings, government revenue, food security, technological innovation, economic growth and development. In addition, in all contributions to the gross domestic product (GDP), agriculture is most vital, because no work or thought can be exercised without the release of energy which comes from food. The following recommendations are proffered to increase the influence of agricultural economics on the macroeconomics of a national economy: the monetary policy rate (MPR) or discount rate (DR) should be reduced to 0-2% to enhance agricultural production, tax revenues, exports, employment, food security, technological innovation, and the GDP.},
 year = {2019}
}

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TY  - JOUR
T1  - The Macroeconomic Contribution of Agricultural Economics to National Growth and Development
AU  - Odeigah Dennis Chukwueloke
Y1  - 2019/12/26
PY  - 2019
N1  - https://doi.org/10.11648/j.ijae.20190406.17
DO  - 10.11648/j.ijae.20190406.17
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 298
EP  - 300
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20190406.17
AB  - This study was undertaken to investigate the macroeconomics of agricultural economics using secondary data collected from different sources to appraise results in the course of the research. The analysis was to determine the macroeconomic contribution of agricultural economics to national growth and development. The survey revealed that agricultural economics helps to enhance investment, employment, trade, foreign exchange earnings, government revenue, food security, technological innovation, economic growth and development. In addition, in all contributions to the gross domestic product (GDP), agriculture is most vital, because no work or thought can be exercised without the release of energy which comes from food. The following recommendations are proffered to increase the influence of agricultural economics on the macroeconomics of a national economy: the monetary policy rate (MPR) or discount rate (DR) should be reduced to 0-2% to enhance agricultural production, tax revenues, exports, employment, food security, technological innovation, and the GDP.
VL  - 4
IS  - 6
ER  -

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Author Information

Odeigah Dennis Chukwueloke

National Biotechnology Development Agency, Umaru Musa Yar’Adua Express Way, Abuja, Nigeria

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APA Style

Odeigah Dennis Chukwueloke. (2019). The Macroeconomic Contribution of Agricultural Economics to National Growth and Development. International Journal of Agricultural Economics, 4(6), 298-300. https://doi.org/10.11648/j.ijae.20190406.17

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ACS Style

Odeigah Dennis Chukwueloke. The Macroeconomic Contribution of Agricultural Economics to National Growth and Development. Int. J. Agric. Econ. 2019, 4(6), 298-300. doi: 10.11648/j.ijae.20190406.17

Copy | Download

AMA Style

Odeigah Dennis Chukwueloke. The Macroeconomic Contribution of Agricultural Economics to National Growth and Development. Int J Agric Econ. 2019;4(6):298-300. doi: 10.11648/j.ijae.20190406.17

Copy | Download

@article{10.11648/j.ijae.20190406.17,
  author = {Odeigah Dennis Chukwueloke},
  title = {The Macroeconomic Contribution of Agricultural Economics to National Growth and Development},
  journal = {International Journal of Agricultural Economics},
  volume = {4},
  number = {6},
  pages = {298-300},
  doi = {10.11648/j.ijae.20190406.17},
  url = {https://doi.org/10.11648/j.ijae.20190406.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20190406.17},
  abstract = {This study was undertaken to investigate the macroeconomics of agricultural economics using secondary data collected from different sources to appraise results in the course of the research. The analysis was to determine the macroeconomic contribution of agricultural economics to national growth and development. The survey revealed that agricultural economics helps to enhance investment, employment, trade, foreign exchange earnings, government revenue, food security, technological innovation, economic growth and development. In addition, in all contributions to the gross domestic product (GDP), agriculture is most vital, because no work or thought can be exercised without the release of energy which comes from food. The following recommendations are proffered to increase the influence of agricultural economics on the macroeconomics of a national economy: the monetary policy rate (MPR) or discount rate (DR) should be reduced to 0-2% to enhance agricultural production, tax revenues, exports, employment, food security, technological innovation, and the GDP.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - The Macroeconomic Contribution of Agricultural Economics to National Growth and Development
AU  - Odeigah Dennis Chukwueloke
Y1  - 2019/12/26
PY  - 2019
N1  - https://doi.org/10.11648/j.ijae.20190406.17
DO  - 10.11648/j.ijae.20190406.17
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 298
EP  - 300
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20190406.17
AB  - This study was undertaken to investigate the macroeconomics of agricultural economics using secondary data collected from different sources to appraise results in the course of the research. The analysis was to determine the macroeconomic contribution of agricultural economics to national growth and development. The survey revealed that agricultural economics helps to enhance investment, employment, trade, foreign exchange earnings, government revenue, food security, technological innovation, economic growth and development. In addition, in all contributions to the gross domestic product (GDP), agriculture is most vital, because no work or thought can be exercised without the release of energy which comes from food. The following recommendations are proffered to increase the influence of agricultural economics on the macroeconomics of a national economy: the monetary policy rate (MPR) or discount rate (DR) should be reduced to 0-2% to enhance agricultural production, tax revenues, exports, employment, food security, technological innovation, and the GDP.
VL  - 4
IS  - 6
ER  -

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