Kiel Working Papers, Kiel Institute for World Economics
No 1123:
Price Incentives, Non-Price Factors, and Agricultural Production in Sub-Saharan Africa: A Cointegration Analysis
Rainer Thiele
Abstract: This paper deals with the question of how responsive
farmers in Sub-Saharan Africa (SSA) are to changes in incentives. Employing
Johansen's multivariate cointegration approach, it investigates for ten
selected SSA countries the long-run effect of pricing policies,
macroeconomic distortions, and certain non-price factors on agricultural
production. It turns out that in those cases where cointegration
relationships are found-estimated supply elasticities tend to lie between
0.20 and 0.50. Among the non-price factors, drought episodes have
significantly impaired agricultural growth in six out of ten sample
countries.
Keywords: Agricultural Supply Response, Cointegration, Sub-Saharan Africa; (follow links to similar papers)
JEL-Codes: C22; Q11; (follow links to similar papers)
26 pages, July 2002
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