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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Price Incentives, Non-Price Factors and Agricultural Production in Sub-Saharan Africa: A Cointegration Analysis
Author:Thiele, RainerISNI
Periodical:African Development Review
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]