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The Role Of Regional Trade In Agricultural Transformation: The Case Of West Africa Following The Devaluation Of The Cfa Franc

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  • Yade, Mbaye
  • Chohin-Kuper, Anne
  • Kelly, Valerie A.
  • Staatz, John M.
  • Tefft, James F.

Abstract

In this paper, we analyze the progress made in realizing this anticipated boost in economic growth for three agricultural subsectors: cereals, livestock/meat, and horticultural products. We begin with a discussion of the agricultural sector in general, based on an overview of the trends in macroeconomic indicators following the devaluation (section 2). Section 3 examines changes in the trading environment and the reaction of markets to these changes. Section 4 describes the responses of producers and traders to the new opportunities offered by the devaluation; the analysis looks at input/output price trends, trading opportunities and their impact on production. We conclude in section 5 by evaluating the results obtained, drawing conclusions about the devaluation's impact on agricultural transformation, and offering recommendations concerning future directions.

Suggested Citation

  • Yade, Mbaye & Chohin-Kuper, Anne & Kelly, Valerie A. & Staatz, John M. & Tefft, James F., 1999. "The Role Of Regional Trade In Agricultural Transformation: The Case Of West Africa Following The Devaluation Of The Cfa Franc," Staff Paper Series 11621, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11621
    DOI: 10.22004/ag.econ.11621
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    References listed on IDEAS

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    1. Harriss, Barbara, 1979. "There is Method in My Madness: Or is it Vice Versa? Measuring Agricultural Market Performance," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 17(2), pages 1-22.
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    1. Diagana, Bocar & Akindes, Francis & Savadogo, Kimseyinga & Reardon, Thomas & Staatz, John, 1999. "Effects of the CFA franc devaluation on urban food consumption in West Africa: overview and cross-country comparisons," Food Policy, Elsevier, vol. 24(5), pages 465-478, October.
    2. Molly E. Brown & Jorge E. Pinzon & Stephen D. Prince, 2008. "Using Satellite Remote Sensing Data in a Spatially Explicit Price Model: Vegetation Dynamics and Millet Prices," Land Economics, University of Wisconsin Press, vol. 84(2), pages 340-357.
    3. Ndiaye, Mouhamadou F, 2022. "Impacts of the African CFA Franc devaluation on cereal yields and food security in West Africa," African Journal of Food, Agriculture, Nutrition and Development (AJFAND), African Journal of Food, Agriculture, Nutrition and Development (AJFAND), vol. 22(08).

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