PRICE INCENTIVES, NON-PRICE FACTORS, AND AGRICULTURAL PRODUCTION IN SUB-SAHARAN AFRICA: A COINTEGRATION ANALYSIS

Rainer Thiele

No 25901, 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa from International Association of Agricultural Economists

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 1965-99, it investigates for ten selected SSA countries the long-run effect of pricing policies,macroeconomic distortions, and certain non-price factors on agricultural production. I 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. Technical progress as measured by a simple deterministic trend has only had a minor impact on output.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 15
Date: 2003
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Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Price Incentives, Non‐price Factors and Agricultural Production in Sub‐Saharan Africa: A Cointegration Analysis (2003)
Working Paper: Price incentives, non-price factors, and agricultural production in Sub-Saharan Africa: a cointegration analysis (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae03:25901

DOI: 10.22004/ag.econ.25901

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