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Vector error correction modelling of Nigerian agricultural supply response AgEcon
Olubode-Awosola, O.O.; Oyewumi, Olubukola Ayodeju; Jooste, Andre.
Undue taxing of the agriculture sector could constitute a disincentive to agricultural production in most low-income African countries where agriculture is being taxed for industrial development. There is an argument that the high level of taxation of agriculture in favour of industrialization is in part due to the underestimation of the supply response of the agricultural sector. This study tests the theoretical hypotheses that only price, non-price and natural disincentives respectively pose problems for agricultural growth. Johansen’s approach to co-integration analysis was employed to test these hypotheses using the time-series data from the Central Bank of Nigeria (CBN) statistical database. The long-run price elasticity of supply is 0.13 and...
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 2006 URL: http://purl.umn.edu/10141
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