IDEAS home Printed from https://ideas.repec.org/p/ags/iaaeo6/197889.html
   My bibliography  Save this paper

Adjustment and the Performance of the Agricultural Sector: A Comparative Study of Cameroon and Kenya

Author

Listed:
  • Amponsah, William A.
  • Hushak, Leroy J.

Abstract

The interaction between macroeconomic and trade issues and agriculture is not well understood. In sub-Saharan Africa, this relation becomes critical in recent structural adjustment programmes, especially in countries where agriculture is the mainstay of the economy. This paper examines empirically examples of a non-liberalized economy and a gradually liberalizing economy in the region. It demonstrates that a sufficiently monolithic and inefficient agricultural marketing structure results in the slow transmission of foreign exchange gains to farm gate prices that constrain potential supply response. Monetary policy impacts seem to be a function of greater macroeconomic liberalization than non-liberalization, especially when, in the latter case, domestic currencies are pegged directly to foreign currencies.

Suggested Citation

  • Amponsah, William A. & Hushak, Leroy J., 1992. "Adjustment and the Performance of the Agricultural Sector: A Comparative Study of Cameroon and Kenya," 1992 Occasional Paper Series No. 6 197889, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo6:197889
    DOI: 10.22004/ag.econ.197889
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/197889/files/agecon-occpapers-1992-039_1_.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.197889?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. Marc Nerlove, 1956. "Estimates of the Elasticities of Supply of Selected Agricultural Commodities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(2), pages 496-509.
    2. Robert A. Mundell, 1962. "The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability," IMF Staff Papers, Palgrave Macmillan, vol. 9(1), pages 70-79, March.
    3. García García, Jorge & Montes Llamas, Gabriel, 1988. "Coffee boom, government expenditure, and agricultural prices: the Colombian experience," Research reports 68, International Food Policy Research Institute (IFPRI).
    4. Dornbusch, Rudiger, 1974. "Tariffs and nontraded goods," Journal of International Economics, Elsevier, vol. 4(2), pages 177-185, May.
    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. Jorge García-García & David C. López-Valenzuela & Enrique Montes-Uribe, 2020. "Porqué Colombia no exporta más," Borradores de Economia 1139, Banco de la Republica de Colombia.
    2. Ndayitwayeko, W-M. & Odhiambo, M.O. & Nyangweso, P.M. & Korir, M.K., 2012. "Determinants of Beef Meat Supply in Burundi: A Vector Error Correction Model Approach Applied to structural Nerlov Paradign," 2012 Eighth AFMA Congress, November 25-29, 2012, Nairobi, Kenya 159414, African Farm Management Association (AFMA).
    3. Mădălin Viziniuc, 2017. "Potential Gains from Cooperation Between Monetary and Macroprudential Policies: The Case of an Emerging Economy," Eastern European Economics, Taylor & Francis Journals, vol. 55(5), pages 420-452, September.
    4. Heng, Dyna, 2011. "Capital flows and real exchange rate: does financial development matter?," MPRA Paper 48553, University Library of Munich, Germany, revised May 2012.
    5. Christopher Erceg & Christopher Gust & David López-Salido, 2007. "The Transmission of Domestic Shocks in Open Economies," NBER Chapters, in: International Dimensions of Monetary Policy, pages 89-148, National Bureau of Economic Research, Inc.
    6. Askarov, Zohid & Doucouliagos, Hristos, 2015. "Spatial aid spillovers during transition," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 79-95.
    7. Clements, Kenneth W. & Fry, Renée, 2008. "Commodity currencies and currency commodities," Resources Policy, Elsevier, vol. 33(2), pages 55-73, June.
    8. Brown, Malcolm C. & Crampton, Peter, 1997. "New Zealand policy strategies concerning the funding of general practitioner care," Health Policy, Elsevier, vol. 41(2), pages 87-104, August.
    9. Bill Russell & Dooruj Rambaccussing, 2019. "Breaks and the statistical process of inflation: the case of estimating the ‘modern’ long-run Phillips curve," Empirical Economics, Springer, vol. 56(5), pages 1455-1475, May.
    10. Ilham Haouas & Mahmoud Yagoubi & Almas Heshmati, 2005. "The impacts of trade liberalization on employment and wages in Tunisian industries," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(4), pages 527-551.
    11. Michael Michaely, 1971. "An Over-all View of Policy Patterns," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 30-70, National Bureau of Economic Research, Inc.
    12. Haile, M.G. & Kalkuhl, M., 2014. "Volatility in the international food markets: implications for global agricultural supply and for market and price policy," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 49, March.
    13. Emizet, Kisangani N. F., "undated". "Zaire after Mobutu A Case of a Humanitarian Emergency," WIDER Working Papers 295326, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    14. repec:spo:wpmain:info:hdl:2441/2082 is not listed on IDEAS
    15. Jan Libich & Andrew Hughes Hallett & Petr Stehlik, 2007. "Monetary And Fiscal Policy Interaction With Various Degrees And Types Of Commitment," CAMA Working Papers 2007-21, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    16. Shashank Goel & V. Raveendra Saradhi, 2015. "Capital Flow Components and the Real Exchange Rate: Implications for India," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 14(2), pages 179-194, December.
    17. Salim Dehmej & Leonardo Gambacorta, 2019. "Macroprudential Policy in a Monetary Union," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(2), pages 195-212, June.
    18. Wiebelt, M, 1990. "The Incidence of Industrial Import Protection on Agricultural Exports: A Comparative Analysis with Special Reference to Zimbabwe," 1990 Symposium, Agricultural Restructuring in Southern Africa, July 24-27, 1990, Swakopmund, Namibia 183489, International Association of Agricultural Economists.
    19. Paniagua-Molina, Javier & Solís-Rivera, Luis Ricardo, 2020. "Effect of “Golden Pineapple Innovation” on Costa Rica's Pineapple Exports to U.S. Market: An Econometric Approach," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 8(3), July.
    20. Rodriguez, Carlos Alfredo, 1991. "The macroeconomics of the public sector deficit : the case of Argentina," Policy Research Working Paper Series 632, The World Bank.
    21. Coxhead, Ian & Jayasuriya, Sisira, 1993. "Tax and Trade Policies, Erosion and Economic Welfare in Developing Countries," Staff Papers 200570, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    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:iaaeo6:197889. 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.