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Macroeconomics and Agriculture in Tunisia

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  • Ben Kaabia, Monia
  • Gil, Jose Maria
  • Chebbi, Houssem Eddine

Abstract

This paper aims to analyse the impact of changes in the monetary policy and the exchange rate on agricultural supply, prices and exports. The methodology used is based on the multivariate cointegration approach. Ten variables are considered: interest and exchange rates, money supply, inflation, agricultural output and input prices, agricultural supply and exports, income and the rate of commercial openness. Sample period covers annual data from 1967 to 2002. Due to the short-sample period, two subsystems are considered. First, long-run relationships are identified in each subsystem. Second, both subsystems are merged in order to calculate the short-run dynamics. Results indicate that changes in macroeconomic variables have an effect on the agricultural sector but the reverse effect does not hold.

Suggested Citation

  • Ben Kaabia, Monia & Gil, Jose Maria & Chebbi, Houssem Eddine, 2005. "Macroeconomics and Agriculture in Tunisia," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24597, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae05:24597
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Houssem Eddine Chebbi, 2010. "Long And Short–Run Linkages Between Economic Growth, Energy Consumption Andco2emissions In Tunisia," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 139-158.
    2. Houssem Eddine Chebbi & Marcelo Olarreaga, 2011. "Agricultural Trade Balance and Exchange Rate Depreciation: The Case of Tunisia," Working Papers 610, Economic Research Forum, revised 08 Jan 2011.
    3. Chebbi, Houssem Eddine, 2009. "Investigating linkages between economic growth, energy consumption and pollutant emissions in Tunisia," 2009 Conference, August 16-22, 2009, Beijing, China 50944, International Association of Agricultural Economists.

    More about this item

    Keywords

    macroeconomic policy; agro-food sector; Tunisia; impulse-response functions; Political Economy; C32; N57; O31;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • N57 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Africa; Oceania
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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