THE ROLE OF REGIONAL TRADE IN AGRICULTURAL TRANSFORMATION: THE CASE OF WEST AFRICA FOLLOWING THE DEVALUATION OF THE CFA FRANC

Mbaye Yade, Anne Chohin-Kuper, Valerie Kelly (), John Staatz and James F. Tefft

No 11621, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: In this paper, we analyze the progress made in realizing this anticipated boost in economic growth for three agricultural subsectors: cereals, livestock/meat, and horticultural products. We begin with a discussion of the agricultural sector in general, based on an overview of the trends in macroeconomic indicators following the devaluation (section 2). Section 3 examines changes in the trading environment and the reaction of markets to these changes. Section 4 describes the responses of producers and traders to the new opportunities offered by the devaluation; the analysis looks at input/output price trends, trading opportunities and their impact on production. We conclude in section 5 by evaluating the results obtained, drawing conclusions about the devaluation's impact on agricultural transformation, and offering recommendations concerning future directions.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 34
Date: 1999
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11621

DOI: 10.22004/ag.econ.11621

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