IDEAS home Printed from https://ideas.repec.org/p/ags/iaae15/211188.html
   My bibliography  Save this paper

Impact Of Government Agricultural Policies On The Major Staple Food Prices In Nigeria (1966 - 2011)

Author

Listed:
  • Ayinde, Opeyemi
  • Ilori, T.E.
  • Babatunde, R.O.

Abstract

This study assessed the impact of government agricultural policies on the prices of major staple food in Nigeria. It described the trend of the major staple food prices and determined the effect of government agricultural policies on the major staple food prices in Nigeria. Secondary data were sourced from various organizations and used for this study. These data were transformed from their nominal value to real value and analyzed using descriptive statistics, unit root test, ordinary least square model, cochrane-orcutt, least absolute deviation estimators and simultaneous equation model. The study revealed that the prices of most of the major staple foods were at the peak value between 1991 and 1993 while their prices were at the lowest value between 1978 and 1983. The study observed that the price of cowpea is most volatile seconded by maize. The study further established that the prices of staple foods were inter-related. Also, it was showed that agricultural credit guarantee scheme funds (ACGSF), agricultural policies during structural adjustment period (SAP) and post-structural adjustment period (PSAP) were statistically significant while the agricultural input subsidy scheme was statistically insignificant. The study recommended painstaking formulation and implementation of agricultural policies and re-structuring of agricultural of input scheme.

Suggested Citation

  • Ayinde, Opeyemi & Ilori, T.E. & Babatunde, R.O., 2015. "Impact Of Government Agricultural Policies On The Major Staple Food Prices In Nigeria (1966 - 2011)," 2015 Conference, August 9-14, 2015, Milan, Italy 211188, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae15:211188
    DOI: 10.22004/ag.econ.211188
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/211188/files/Ayinde-IMPACT%20OF%20GOVERNMENT%20AGRICULTURAL%20POLICIES%20ON%20THE%20MAJOR%20STAPLE%20FOOD%20PRICES-321.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.211188?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2001. "World Development Report 2000/2001," World Bank Publications - Books, The World Bank Group, number 11856, December.
    2. Rosa, Franco & Vasciaveo, Michela, 2012. "Agri-Commodity Price Dynamics: The Relationship Between Oil and Agricultural Market," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126738, International Association of Agricultural Economists.
    3. Ayinde, Kayode & Bello, Aliyu A. & Ayinde, Opeyemi Eyitayo, 2013. "Modeling Nigerian Government Revenues and Total Expenditure: An Error Correction Model Approach," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 160483, African Association of Agricultural Economists (AAAE).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ayinde, Opeyemi Eyitayo & Ilori, T. E. & Ayinde, K. & Babatunde, R. O., 2015. "Analysis of the Behaviour of Prices of Major Staple Foods in West Africa: A Case Study of Nigeria," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(4), pages 1-15, December.
    2. Christopher Edmonds & Sumner J. La Croix & Yao Li, 2006. "The China's Rise as an International Trading Power," Economics Study Area Working Papers 88, East-West Center, Economics Study Area.
    3. Ballet, Jérôme & Sirven, Nicolas & Bhukuth, Augendra & Rousseau, Sophie, 2011. "Vulnerability to violence of girls of the street in Mauritania," Children and Youth Services Review, Elsevier, vol. 33(5), pages 656-662, May.
    4. Sarah Karinge, 2013. "The Elite Factor in Sub-Saharan Africa’s Development," Journal of Developing Societies, , vol. 29(4), pages 435-455, December.
    5. Aus-Thai Project Team & C. Carr & Gillian Long & Floyd H. Bolitho, 2002. "Managing Economic Crisis: A Human Factors Approach," Psychology and Developing Societies, , vol. 14(2), pages 277-309, September.
    6. Yuting Sun & Shu-Nung Yao, 2022. "Sustainability Trade-Offs in Media Coverage of Poverty Alleviation: A Content-Based Spatiotemporal Analysis in China’s Provinces," Sustainability, MDPI, vol. 14(16), pages 1-26, August.
    7. Solava Ibrahim & Sabina Alkire, 2007. "Agency and Empowerment: A Proposal for Internationally Comparable Indicators," Oxford Development Studies, Taylor & Francis Journals, vol. 35(4), pages 379-403.
    8. Osawe, Osayanmon Wellington, 2013. "Livelihood Vulnerability and Migration Decision Making Nexus: The Case of Rural Farm Households in Nigeria," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161628, African Association of Agricultural Economists (AAAE).
    9. Khan, Saleem M. & Khan, Zahira S., 2003. "Asian economic integration: a perspective on South Asia," Journal of Asian Economics, Elsevier, vol. 13(6), pages 767-785, January.
    10. Ansu Datta, 2002. "Africa and Globalization," Jadavpur Journal of International Relations, , vol. 6(1), pages 45-59, June.
    11. Mendola, Mariapia & Simtowe, Franklin, 2015. "The Welfare Impact of Land Redistribution: Evidence from a Quasi-Experimental Initiative in Malawi," World Development, Elsevier, vol. 72(C), pages 53-69.
    12. Sin-Yu Ho & Bernard Njindan Iyke, 2017. "Does Financial Development Lead to Poverty Reduction in China? Time Series Evidence," Journal of Economics and Behavioral Studies, AMH International, vol. 9(1), pages 99-112.
    13. Inoue, Takeshi & Hamori, Shigeyuki, 2010. "How has financial deepening affected poverty reduction in India? : empirical analysis using state-level panel data," IDE Discussion Papers 249, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    14. Gifford, Blair & Kestler, Andrew, 2008. "Toward a theory of local legitimacy by MNEs in developing nations: Newmont mining and health sustainable development in Peru," Journal of International Management, Elsevier, vol. 14(4), pages 340-352, December.
    15. Cesar Calvo & Stefan Dercon, 2013. "Vulnerability to individual and aggregate poverty," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(4), pages 721-740, October.
    16. S. Ramakrishna Velamuri & S. Venkataraman & William S. Harvey, 2017. "Seizing the Ethical High Ground: Ethical Reputation Building in Corrupt Environments," Journal of Management Studies, Wiley Blackwell, vol. 54(5), pages 647-675, July.
    17. Xinhua Qi & Shilin Ye & Yecheng Xu & Jing Chen, 2022. "Uneven dynamics and regional disparity of multidimensional poverty in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(1), pages 169-189, January.
    18. Miroslava Ivanova & Lilko Dospatliev, 2023. "Effects of Diesel Price on Changes in Agricultural Commodity Prices in Bulgaria," Mathematics, MDPI, vol. 11(3), pages 1-22, January.
    19. Abdelhafidh Dhrifi, 2019. "Does Environmental Degradation, Institutional Quality, and Economic Development Matter for Health? Evidence from African Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 1098-1113, September.
    20. Axel Borrmann & Matthias Busse & Silke Neuhaus, 2006. "Institutional Quality and the Gains from Trade," Kyklos, Wiley Blackwell, vol. 59(3), pages 345-368, August.

    More about this item

    Keywords

    Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iaae15:211188. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.