Adjustment and the Performance of the Agricultural Sector: A Comparative Study of Cameroon and Kenya

William A. Amponsah and Leroy J. Hushak

No 197889, 1992 Occasional Paper Series No. 6 from International Association of Agricultural Economists

Abstract: The interaction between macroeconomic and trade issues and agriculture is not well understood. In sub-Saharan Africa, this relation becomes critical in recent structural adjustment programmes, especially in countries where agriculture is the mainstay of the economy. This paper examines empirically examples of a non-liberalized economy and a gradually liberalizing economy in the region. It demonstrates that a sufficiently monolithic and inefficient agricultural marketing structure results in the slow transmission of foreign exchange gains to farm gate prices that constrain potential supply response. Monetary policy impacts seem to be a function of greater macroeconomic liberalization than non-liberalization, especially when, in the latter case, domestic currencies are pegged directly to foreign currencies.

Keywords: Agribusiness; Agricultural Finance; Production Economics; Public Economics (search for similar items in EconPapers)
Pages: 8
Date: 1992
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/197889/files/a ... pers-1992-039_1_.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo6:197889

DOI: 10.22004/ag.econ.197889

Access Statistics for this paper

More papers in 1992 Occasional Paper Series No. 6 from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().