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Impact Simulation of ECOWAS Rice Self-Sufficiency Policy

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  • Fofana, Ismael
  • Goundan, Anatole
  • Magne Domgho, Lea

Abstract

Rice is a strategic commodity for food security in West Africa. Its consumption has grown rapidly over time and dependency on imported rice exposes the region to external shocks stemming from the global market. Given its economic and social importance, national and regional strategies have been developed to boost rice production and meet the challenge of rice self-sufficiency in West Africa by 2025. Our analysis projects total rice consumption to reach around 24 million metric tons by 2025, increasing by 74 percent over the period 2011–2025. The required average annual increase in production (8 percent) is estimated to be twice that of consumption (4 percent) to achieve the self-sufficiency goal by 2025. As a consequence, the regional GDP growth rate is expected to increase by an average of 0.4 percentage point per year relative to the baseline scenario over the period 2015–2025.

Suggested Citation

  • Fofana, Ismael & Goundan, Anatole & Magne Domgho, Lea, 2015. "Impact Simulation of ECOWAS Rice Self-Sufficiency Policy," 2015 Conference, August 9-14, 2015, Milan, Italy 212211, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae15:212211
    DOI: 10.22004/ag.econ.212211
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    References listed on IDEAS

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    Cited by:

    1. Ogoudélé S. Codjo & Alvaro Durand‐Morat & Grant H. West & Lawton Lanier Nalley & Rodolfo M. Nayga & Eric J. Wailes, 2021. "Estimating demand elasticities for rice in Benin," Agricultural Economics, International Association of Agricultural Economists, vol. 52(2), pages 343-361, March.
    2. Demont, Matty & Fiamohe, Rose & Kinkpé, A. Thierry, 2017. "Comparative Advantage in Demand and the Development of Rice Value Chains in West Africa," World Development, Elsevier, vol. 96(C), pages 578-590.

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    More about this item

    Keywords

    Agricultural and Food Policy; Food Security and Poverty;

    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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