The impact of market reforms on the Senegalese peanut economy
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.
Volume (Year): 14 (2002)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dean DeRosa, 1992. "Protection and export performance in Sub-Saharan Africa," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 128(1), pages 88-124, March.
- de Janvry, Alain & Sadoulet, Elisabeth & de Anda, Gustavo Gordillo, 1995. "NAFTA and Mexico's maize producers," World Development, Elsevier, vol. 23(8), pages 1349-1362, August.
- 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, vol. 35(1), pages 49-67, January.
- Beghin, John C. & Karp, L., 1991. "Estimation of Price Policies in Senegal: An Empirical Test of Cooperative Game Theory," Staff General Research Papers Archive 1570, Iowa State University, Department of Economics.
- Wilson, Ernest III, 1993. "French support for structural adjustment programs in Africa," World Development, Elsevier, vol. 21(3), pages 331-347, March.
- Roubini, Nouriel & Alesina, Alberto, 1992. "Political Cycles in OECD Economies," Scholarly Articles 4553025, Harvard University Department of Economics.
- Alberto Alesina & Nouriel Roubini, 1992. "Political Cycles in OECD Economies," Review of Economic Studies, Oxford University Press, vol. 59(4), pages 663-688.
- Stiglitz, Joseph E, 1987. "Some Theoretical Aspects of Agricultural Policies," World Bank Research Observer, World Bank Group, vol. 2(1), pages 43-60, January.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:14:y:2002:i:5:p:543-554. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.