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Adjustment and the Performance of the Agricultural Sector: A Comparative Study of Cameroon and Kenya

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  • Amponsah, William A.
  • Hushak, Leroy J.

Abstract

The interaction between macroeconomic and trade issues and agriculture is not well understood. In sub-Saharan Africa, this relation becomes critical in recent structural adjustment programmes, especially in countries where agriculture is the mainstay of the economy. This paper examines empirically examples of a non-liberalized economy and a gradually liberalizing economy in the region. It demonstrates that a sufficiently monolithic and inefficient agricultural marketing structure results in the slow transmission of foreign exchange gains to farm gate prices that constrain potential supply response. Monetary policy impacts seem to be a function of greater macroeconomic liberalization than non-liberalization, especially when, in the latter case, domestic currencies are pegged directly to foreign currencies.

Suggested Citation

  • Amponsah, William A. & Hushak, Leroy J., 1992. "Adjustment and the Performance of the Agricultural Sector: A Comparative Study of Cameroon and Kenya," 1992 Occasional Paper Series No. 6 197889, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo6:197889
    DOI: 10.22004/ag.econ.197889
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    References listed on IDEAS

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