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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Price and non-price output response of crops, subsectoral aggregates and commodity exports
Authors:Garba, Abdul-GaniyuISNI
Kwanashie, MikeISNI
Ajilima, IsaacISNI
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Subjects:agricultural production
cash crops
agricultural products
Abstract:Price and non-price elasticities for five non-export crops (cassava, maize, millet, rice, yams), four traditional export crops (cocoa, cotton, grondnut, palm kernel), four subsector aggregates (fisheries, livestock, nonexport and export crops), and two export supply functions (cocoa, palm kernel) are used as tools for evaluating the effects of structural adjustment on Nigerian agriculture. The resulting estimates do not show the relevance of price and policy for all crops, or that partial response best explains the behaviour of all Nigerian farmers. They do reveal the significance of Nigeria's agro-climatic and traditional cropping pattern. A number of methodological problems suggest care in interpreting the empirical findings. However, the authors feel justified in concluding that the significant sensitivity of crops to price incentives is not sufficient to generate desired aggregate response; strong export supply responsiveness does not guarantee higher export revenue; credit to agriculture has a broader but mixed impact relative to prices; and that though Nigeria needs more foreign revenue to pay off its external debt, it may be necessary to reexamine the 'commodity route' in view of the long history of price instability. Moreover, the fact that they have been unable to capture the effects of capital expenditure on agriculture does not imply that fiscal policy has no role. App., bibliogr., notes, ref., sum.