Doktorarbeit / Dissertation, 2017
209 Seiten
This doctoral thesis investigates the impact of trade and exchange rate reforms on agricultural supply response in Nigeria from 1970 to 2013. The study aims to assess how these reforms affected the prices and outputs of major cash and food crops, thereby contributing to a better understanding of the interplay between macroeconomic policies and agricultural productivity.
This thesis focuses on the impact of trade and exchange rate reforms on agricultural supply response in Nigeria. It delves into the dynamics of prices and outputs of major cash and food crops, highlighting the effects of macroeconomic policies on agricultural productivity in a developing country context. The study utilizes various econometric models and data analysis techniques to assess the relationship between policy reforms and agricultural output.
The study investigates the impact of trade and exchange rate reforms on the supply response (prices and outputs) of major cash and food crops in Nigeria between 1970 and 2013.
The research utilized a modified Nerlovian supply response model and a Structural Vector Autoregression (SVAR) model, employing impulse response functions and variance decomposition.
Exchange rate effects were positive for palm kernel, cotton, maize, and rice, but negative for other commodities. Most effects were found to be permanent.
The study found a negative relationship: a one percent increase in the cost of machinery leads to a 15 percent decline in aggregate output.
The thesis emphasizes the need for favorable and stable trade and exchange rate reforms to ensure consistent agricultural growth and development.
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