Price incentives, non-price factors, and agricultural production in Sub-Saharan Africa: a cointegration analysis

Rainer Thiele

No 1123, Kiel Working Papers from Kiel Institute for the World Economy

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, it investigates for ten selected SSA countries the long-run effect of pricing policies, macroeconomic distortions, and certain non-price 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 non-price factors, drought episodes have significantly impaired agricultural growth in six out of ten sample countries.

Keywords: cointegration; Sub-Saharan Africa; agricultural supply response (search for similar items in EconPapers)
JEL-codes: C22 Q11 (search for similar items in EconPapers)
Date: 2002
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https://www.econstor.eu/bitstream/10419/2798/1/352636114.pdf (application/pdf)

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 (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1123

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