Wyniki wyszukiwania

Wyszukiwano:
w słowach kluczowych: supply response

Sortuj według:

Ogranicz wyniki do:

Artykuł dostępny w postaci pełnego tekstu - kliknij by otworzyć plik

Analysis of supply response and price risk on rice production in Nigeria

100%

Ayinde O. E., Bessler D. A., Oni F. E.

Journal of Agribusiness and Rural Development

2017

nr 1[43]

Nigeria, like most African countries, has engaged in agricultural liberalization since 1986 in the hope that reforms emphasizing price incentives will encourage producers to respond. Thus far, the reforms seem to have introduced greater uncertainty into the market given increasing rates of price volatility. This study amongst other things therefore seeks to determine and model the responsiveness of rice supply to price risk in Nigeria. Statistical information on domestic and imported quantities of rice was obtained for 41 years (1970 to 2011) from various sources, such as the Food and Agriculture Organization (FAO) database, Federal Ministry of Agriculture statistical bulletins, Central Bank of Nigeria statistical bulletins and National Bureau of Statistic (NBS). Data were analyzed using equilibrium output supply function, co-integration models, and vector autoregressive distributed lag model. Rice importation was statistically significant and changes in output were also responsive to changes in price. The results indicate that producers are more responsive not only to price and non-price factor but also to price risk and exchange rate. It is therefore imperative to reduce the effects of price risk as to increase the response of producer to supply by bridging the gap in production.

Ograniczanie wyników

1 Journal of Agribusiness and Rural Development

1 Ayinde O. E.

1 Bessler D. A.

1 Oni F. E.

1 2017

Wyniki wyszukiwania

Analysis of supply response and price risk on rice production in Nigeria