Model for evaluating the response of agriculture to adjustment policies in Nigeria

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Periodical article

Title:	Model for evaluating the response of agriculture to adjustment policies in Nigeria
Authors:	Kwanashie, Mike Ajilima, Isaac Garba, Abdul-Ganiyu
Year:	1997
Periodical:	The Nigerian Journal of Economic and Social Studies
Volume:	39
Issue:	1
Pages:	19-45
Language:	English
Geographic term:	Nigeria
Subjects:	economic policy agriculture
Abstract:	This article is a first step towards an agricultural policy model for Nigeria. The model consists of a system of stimulus-response functions classified into five blocks - production, absorption, imports, exports, and prices - and extends the more recent supply response models of Kwanashie, Ajilima and Garba (1991) by capturing most of the trade-offs among crops, between agriculture and other sectors, and between domestic absorption and exports. These trade-offs show the channels through which adjustment policies are most likely to influence the agricultural sector. The model was estimated using Central Bank of Nigeria data for the period 1970-1986. It can be used to evaluate the effects of adjustment policies on Nigerian agriculture, in particular the impact of absolute and relative price changes, exchange rate policies, government expenditure on agriculture, social services, credit allocations to agriculture, and interest rate policies on production, absorption, prices, imports and exports of agriculture. App., bibliogr., notes, ref., sum.