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The impact of market reforms on the Senegalese peanut economy

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  • Ibrahima Hathie

    (Ecole Nationale d'Economie Appliquée, Dakar, Senegal)

  • Rigoberto A. Lopez

    (University of Connecticut, Storrs, USA)

Abstract

This article assesses the welfare impacts of structural adjustment-induced peanut market reforms in Senegal. In the pre-reform period, by keeping peanut prices low, price regulation favoured urban dwellers and processors to the detriment of farmers, although the latter benefited from subsidized credit and inputs. With the reforms, peanut prices increased but the ensuing benefits to farmers were outweighed by higher production costs. Consumers gained due to access to cheaper, imported vegetable oil and processors lost due to excess capacity from lower peanut production. Overall, social welfare decreased illustrating that unfettered market reforms can be detrimental when supportive market institutions are eliminated without addressing alternatives. Copyright © 2002 John Wiley & Sons, Ltd.

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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 14 (2002)
Issue (Month): 5 ()
Pages: 543-554

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Handle: RePEc:wly:jintdv:v:14:y:2002:i:5:p:543-554

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Web page: http://www3.interscience.wiley.com/journal/5102/home

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  1. Wilson, Ernest III, 1993. "French support for structural adjustment programs in Africa," World Development, Elsevier, Elsevier, vol. 21(3), pages 331-347, March.
  2. Roubini, Nouriel & Alesina, Alberto, 1992. "Political Cycles in OECD Economies," Scholarly Articles 4553025, Harvard University Department of Economics.
  3. Alesina, Alberto F & Roubini, Nouriel, 1990. "Political Cycles in OECD Economies," CEPR Discussion Papers, C.E.P.R. Discussion Papers 470, C.E.P.R. Discussion Papers.
  4. Stiglitz, Joseph E, 1987. "Some Theoretical Aspects of Agricultural Policies," World Bank Research Observer, World Bank Group, World Bank Group, vol. 2(1), pages 43-60, January.
  5. Dean DeRosa, 1992. "Protection and export performance in Sub-Saharan Africa," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 128(1), pages 88-124, March.
  6. Beghin, John C. & Karp, Larry S., 1991. "Estimation of price policies in Senegal An empirical test of cooperative game theory," Journal of Development Economics, Elsevier, Elsevier, vol. 35(1), pages 49-67, January.
  7. de Janvry, Alain & Sadoulet, Elisabeth & de Anda, Gustavo Gordillo, 1995. "NAFTA and Mexico's maize producers," World Development, Elsevier, Elsevier, vol. 23(8), pages 1349-1362, August.
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Cited by:
  1. Beghin, John C. & Diop, Ndiame & Matthey, Holger, 2003. "Groundnut Trade Liberalization: Could the South Help the South?," Staff General Research Papers, Iowa State University, Department of Economics 10875, Iowa State University, Department of Economics.
  2. John C. Beghin & Holger Matthey, 2003. "Modeling World Peanut Product Markets: A Tool for Agricultural Trade Policy Analysis," Food and Agricultural Policy Research Institute (FAPRI) Publications, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University 03-wp332, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  3. Matthey, Holger & Diop, Ndiame & Beghin, John C. & Sewadeh, Mirvat, 2003. "The Impact Of Groundnut Trade Liberalization: Implication For The Doha Round," 2003 Annual meeting, July 27-30, Montreal, Canada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 22032, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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