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Macroeconomics and Agriculture in Tunisia

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  • Ben Kaabia, Monia
  • Gil, Jose Maria
  • Chebbi, Houssem Eddine

Abstract

This paper aims to analyse the impact of changes in the monetary policy and the exchange rate on agricultural supply, prices and exports. The methodology used is based on the multivariate cointegration approach. Ten variables are considered: interest and exchange rates, money supply, inflation, agricultural output and input prices, agricultural supply and exports, income and the rate of commercial openness. Sample period covers annual data from 1967 to 2002. Due to the short-sample period, two subsystems are considered. First, long-run relationships are identified in each subsystem. Second, both subsystems are merged in order to calculate the short-run dynamics. Results indicate that changes in macroeconomic variables have an effect on the agricultural sector but the reverse effect does not hold.

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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark with number 24597.

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Date of creation: 2005
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Handle: RePEc:ags:eaae05:24597

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Keywords: macroeconomic policy; agro-food sector; Tunisia; impulse-response functions; Political Economy; C32; N57; O31;

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Cited by:
  1. Chebbi, Houssem Eddine, 2009. "Investigating linkages between economic growth, energy consumption and pollutant emissions in Tunisia," 2009 Conference, August 16-22, 2009, Beijing, China 50944, International Association of Agricultural Economists.

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