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 Periodical article |
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| Title: | Exchange-Rate Policy and Agricultural Exports Performance in Sub-Saharan Africa |
| Authors: | Diakosavvas, Dimitris Kirkpatrick, Colin  |
| Year: | 1990 |
| Periodical: | Development Policy Review |
| Volume: | 8 |
| Issue: | 1 |
| Pages: | 29-42 |
| Language: | English |
| Geographic terms: | Subsaharan Africa Africa |
| Subjects: | agricultural policy terms of trade agricultural exports Agriculture, Natural Resources and the Environment Economics and Trade international relations |
| External link: | https://doi.org/10.1111/j.1467-7679.1990.tb00144.x |
| Abstract: | As the dominant economic sector in sub-Saharan Africa, agriculture has figured prominently in the structural adjustment and policy reform process initiated by many African countries in the 1980s. A key objective of agricultural reforms has been to reverse the previous pattern of price distortions facing producers, which are seen as acting as disincentives to agricultural output and exports. Exchange-rate changes, in particular, have played a prominent role in the correction of price distortions. In this article, the importance of the exchange rate in explaining agricultural output and export performance in sub-Saharan economies is empirically assessed, using time series data for 28 sub-Saharan African countries covering the 1974-1987 period. The results indicate that the full effect of an exchange-rate change is seldom passed back to producers, and that while exchange-rate policy has a significant role to play in the recovery of the agricultural sector's export performance, other supportive measures are equally important. Bibliogr., notes, ref. |
