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Periodical article | Leiden University catalogue | WorldCat |
Title: | Price Incentives, Non-Price Factors and Agricultural Production in Sub-Saharan Africa: A Cointegration Analysis |
Author: | Thiele, Rainer |
Year: | 2003 |
Periodical: | African Development Review |
Volume: | 15 |
Issue: | 2-3 |
Period: | December |
Pages: | 425-438 |
Language: | English |
Geographic term: | Subsaharan Africa |
Subjects: | agricultural economy price policy agricultural products agricultural production Development and Technology Economics and Trade Agriculture, Natural Resources and the Environment |
External link: | https://onlinelibrary.wiley.com/doi/10.1111/j.1467-8268.2003.00079.x/pdf |
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 and covering the period 1965-1999, it investigates for ten selected SSA countries the long-run effect of pricing policies, macroeconomic distortions, and certain nonprice 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 nonprice factors, drought episodes have significantly impaired agricultural growth in six out of ten sample countries. Technical progress as measured by a simple deterministic time trend has only had a minor impact on output. Bibliogr., notes, ref., sum. in English and French. [Journal abstract] |