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Title:Price incentives, non-price factors, and agricultural production in Sub-Saharan Africa: a cointegration analysis PDF Logo
Authors:Thiele, Rainer
Issue Date:2002
Series/Report no.:Kieler Arbeitspapiere 1123
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.
Subjects:agricultural supply response
cointegration
Sub-Saharan Africa
JEL:C22
Q11
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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