The Agricultural Minimum Wage and Wheat Production in Morocco (1971-89)

Jean-Paul Azam ()

Journal of African Economies, 1992, vol. 1, issue 2, 171-91

Abstract: A positive relation between wheat production and the level of the agricultural minimum wage in Morocco is explained by applying a version of Stigler's (1946) monopsony model. The resulting econometric equation passes a large number of tests on Moroccan data over 1971-89. A model of the determination of the price of wheat is similarly developed and tested. Copyright 1992 by Oxford University Press.

Date: 1992
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