Impacts of agricultural trade and market liberalization of food security in developing countries: comparative study of Kenya and Zambia
The introduction of agricultural reforms has debatable effects on food security in developing countries. This research investigates how such effects influenced maize supply in two developing countries which were among the first to introduce agricultural reforms. Conclusions from the research suggest that agricultural reforms led to mixed results. This may be attributed to the sometimes stop-go nature of reform implementation. The mixed results are reflected in the weak maize output response to price changes. Overall country economic conditions, state of agricultural development can be attributed to the pace of response, hence effect on agricultural supply. Elasticity of maize output to changes in price and acreage are strongly significant in maize output for the case of Kenya. Both restricted models of maize production suggest that prior to the introduction of reforms acreage, prices and alternative crops were more elastic when simulated with Zambian data than with Kenyan data.
|Date of creation:||Sep 2010|
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- Abebayehu Tegene & Wallace E. Huffman & John A. Miranowski, 1988.
"Dynamic Corn Supply Functions: A Model with Explicit Optimization,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 70(1), pages 103-111.
- Miranowski, John & Tegene, Abebayehu & Huffman, Wallace, 1988. "Dynamic Corn Supply Functions: A Model with Explicit Optimization," Staff General Research Papers Archive 10699, Iowa State University, Department of Economics.
- Eckstein, Zvi, 1984. "A Rational Expectations Model of Agricultural Supply," Journal of Political Economy, University of Chicago Press, vol. 92(1), pages 1-19, February.
- Edwards, Sebastian, 1993. "Openness, Trade Liberalization, and Growth in Developing Countries," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1358-1393, September.
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