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An analysis of policy changes affecting PNG cocoa producers

Author

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  • Omuru, Eric
  • Fraser, Rob W.
  • Burton, Michael P.

Abstract

This paper assesses the welfare effects of a combination of policy changes affecting PNG cocoa producers during the 1990's. These policy changes are the introduction (in 1992) and intended removal (in 1997) of a price support policy plus an intervening devaluation and subsequent floating of the domestic currency (kina). Using a model for analysing the effects of these policy changes on a producer's price distribution and for converting these price effects into welfare effects, combined with price, cost and yield data from the PNG cocoa industry, it is shown that both the price support policy and the devaluation have been of benefit to producers. However, the devaluation has also diminished the effectiveness of the price support policy so that the negative consequences of its intended removal have been lessened.

Suggested Citation

  • Omuru, Eric & Fraser, Rob W. & Burton, Michael P., 1997. "An analysis of policy changes affecting PNG cocoa producers," 1997 Conference (41st), January 22-24, 1997, Gold Coast, Australia 136497, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare97:136497
    DOI: 10.22004/ag.econ.136497
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    Cited by:

    1. Omuru, Eric & Kingwell, Ross S., 2002. "The Political Economy of Funding Agricultural R&D in Papua New Guinea: A Case Study," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125144, Australian Agricultural and Resource Economics Society.
    2. Omuru, Eric & Kingwell, Ross S., 2005. "Funding and Managing Agricultural Research in a Developing Country: a Papua New Guinea case study," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137938, Australian Agricultural and Resource Economics Society.

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    Keywords

    Crop Production/Industries;

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