Publication:
Effect of exchange rate uncertainty, energy prices and sectoral spending on agriculture value added, household consumption, and domestic investment

Simple item page
dc.citedby2
dc.contributor.authorIorember P.T.en_US
dc.contributor.authorMohamed Yusoff N.Y.en_US
dc.contributor.authorAbachi P.T.en_US
dc.contributor.authorUsman O.en_US
dc.contributor.authorAlola A.A.en_US
dc.contributor.authorid57205219326en_US
dc.contributor.authorid58492239600en_US
dc.contributor.authorid53863208000en_US
dc.contributor.authorid57205186926en_US
dc.contributor.authorid57202608331en_US
dc.date.accessioned2025-03-03T07:43:39Z
dc.date.available2025-03-03T07:43:39Z
dc.date.issued2024
dc.description.abstractThe agricultural value chain is underpinned by the interdependence of agricultural value added, household consumption and domestic investment. Understanding the complex interactions between these microeconomic outcomes and the uncertainties in the macroeconomic variables of exchange rates, energy prices and sectoral spending remains under-researched. Therefore, this study examines the impact of exchange rate, energy prices and sectoral spending on agricultural value added, household consumption and domestic investment in Nigeria from 1981 to 2020. Using Kernel regularized least squares (KRLS), the results show that the average pointwise marginal effects of exchange rate and agricultural spending are positive, while the average pointwise marginal effect of energy price is significantly negative for the agricultural value-added model. The results also show that the exchange rate, energy prices and agricultural expenditure all have a positive effect on household consumption. Regarding domestic investment, the effect of the exchange rate is positive and statistically insignificant, while the effects of energy prices and agricultural expenditure are negative and statistically significant. The study recommends the need to strengthen the social safety nets currently in place in Nigeria to support households that are vulnerable to exchange rate fluctuations. In addition, incentives should be given to households and farmers to help use renewable energy sources such as solar or wind power for agricultural activities. Also, investment in value chains and agribusiness initiatives should be encouraged rather than just in crop production. ? 2024 The Authorsen_US
dc.description.natureFinalen_US
dc.identifier.ArtNoe30138
dc.identifier.doi10.1016/j.heliyon.2024.e30138
dc.identifier.issue9
dc.identifier.scopus2-s2.0-85190963458
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85190963458&doi=10.1016%2fj.heliyon.2024.e30138&partnerID=40&md5=f54761fa2a2166e75f3095b32a7d6d54
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/36650
dc.identifier.volume10
dc.publisherElsevier Ltden_US
dc.relation.ispartofAll Open Access; Gold Open Access; Green Open Access
dc.sourceScopus
dc.sourcetitleHeliyon
dc.titleEffect of exchange rate uncertainty, energy prices and sectoral spending on agriculture value added, household consumption, and domestic investmenten_US
dc.typeArticleen_US
dspace.entity.typePublication
Files
Collections
SCOPUS