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The impact of market reforms on the Senegalese peanut economy

  • Ibrahima Hathie

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

  • Rigoberto A. Lopez

    (University of Connecticut, Storrs, USA)

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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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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  1. Alberto Alesina & Nouriel Roubini, 1990. "Political Cycles in OECD Economies," NBER Working Papers 3478, National Bureau of Economic Research, Inc.
  2. Wilson, Ernest III, 1993. "French support for structural adjustment programs in Africa," World Development, Elsevier, vol. 21(3), pages 331-347, March.
  3. Dean DeRosa, 1992. "Protection and export performance in Sub-Saharan Africa," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 128(1), pages 88-124, March.
  4. Stiglitz, Joseph E, 1987. "Some Theoretical Aspects of Agricultural Policies," World Bank Research Observer, World Bank Group, vol. 2(1), pages 43-60, January.
  5. Beghin, John C. & Karp, L., 1991. "Estimation of Price Policies in Senegal: An Empirical Test of Cooperative Game Theory," Staff General Research Papers 1570, Iowa State University, Department of Economics.
  6. 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.
  7. Roubini, Nouriel & Alesina, Alberto, 1992. "Political Cycles in OECD Economies," Scholarly Articles 4553025, Harvard University Department of Economics.
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