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| 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. Johansens 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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| Oyewumi, Olubukola Ayodeju. |
| One of the fundamental characteristics of a well functioning market is the ability to transmit useful information to decision makers at the micro-level, which will ultimately culminate in the development of effective macro-level policies. A key assumption in economics is that market information is readily available to role players in business and marketing. In reality however, farmers in the developing world, unlike their developed countries counterpart, are still faced with the challenge of accessing credible market information. Market information is an essential component of agricultural production, distribution and marketing. The availability of timely and accurate market information to farmers by means of fast and effective modern information... |
| Tipo: Journal Article |
Palavras-chave: Information and communication technology (ICT); Agricultural markets; Market information; Agribusiness. |
| Ano: 2006 |
URL: http://purl.umn.edu/8196 |
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| Oyewumi, Olubukola Ayodeju; Jooste, Andre; Britz, Wolfgang; van Schalkwyk, Herman D.. |
| The liberalization of the agricultural sector and phasing out of past protection mechanisms in South Africa saw the introduction of a process of tariff reform. Furthermore, a system of tariff rate quotas was introduced in compliance with WTO regulations. This study uses a partial equilibrium comparative static model to measure the welfare effects of further liberalization in the livestock industry of South Africa, particularly in meat products using four policy scenarios. The traditional method of welfare analyses using the CS and PS was applied, while the EV was used to integrate a well-behaved objective function. Although the CS and PS could have over-estimated welfare due to the fact that the demand system used in this study is non-linear, they still... |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade; Livestock Production/Industries. |
| Ano: 2007 |
URL: http://purl.umn.edu/10134 |
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| Oyewumi, Olubukola Ayodeju; Jooste, Andre. |
| The main objective of this study is to investigate the determinants of households' pork consumption using a logistic regression procedure. The model was initially fitted with ten variables, selected from factors identified by precious studies, that affect meat consumption in South Africa. Six of these variables were found to be significant at the 10 per cent significance level and all had the expected signs. These include household monthly income, current household monthly expenditure on meat, relative price of pork, preference for value-added pork products, prices of substitutes (the most preferred household meat type), and response of household to change in pork quality. The result obtained was further analyzed to compute partial effects and to conduct... |
| Tipo: Journal Article |
Palavras-chave: Food Consumption/Nutrition/Food Safety. |
| Ano: 2006 |
URL: http://purl.umn.edu/31711 |
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| Oyewumi, Olubukola Ayodeju; Sarker, Rakhal. |
| Prices guide economic agents’ resource allocation and output mix decisions. The extent of price transmission determines the nature of market integration. Volatility spill-over in spatially linked agricultural markets has been investigated, but not across borders. We developed an E-GARCH model which enabled us to explore various properties of price volatility – volatility persistence, asymmetric interference and volatility spill-over. We found the existence of significant volatility spill-over within the South African Customs Union (SACU) using sheep price data in Namibia and South Africa, especially with the introduction of Small Livestock Marketing Scheme (SLMS) in namibia. The results show more stickiness in the retail market than the wholesale market in... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/96196 |
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| Oyewumi, Olubukola Ayodeju. |
| The global economy is growing increasingly more integrated. The dawn of the 21st century was marked with cutting edge technologies creating the platform for greater connectivity and competition among global markets. The evolving economic paradigm is re-defining the way products are moving across markets, regions and continents. The combined effect of technological advances, global political economy and seasonal weather variability has called for dynamism in the way businesses are run. The potential benefit of this development is that it could culminate into increased productivity through the involvement of more people in economic activities across the globe, and the development of new efficiencies and new technologies to better manage our environment and... |
| Tipo: Journal Article |
Palavras-chave: Global economy; Emerging markets; Competitiveness; Trade facilitation.; International Relations/Trade. |
| Ano: 2007 |
URL: http://purl.umn.edu/8184 |
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| Oyewumi, Olubukola Ayodeju. |
| The Uruguay Round of trade negotiations resulted in three main areas of trade liberalization in agriculture, namely market access, domestic support, and export subsidies. In terms of market access, the introduction of tariff rate quotas (TRQs) was one of the main tools to facilitate greater market access. After the liberalization of the agricultural sector and phasing out of past protection mechanisms South Africa introduced a process of tariff reform in compliance with WTO regulations. Furthermore, a system of TRQs was introduced in compliance with WTO regulations. Literature on South African agricultural trade shows that very little research has been conducted on the impacts of TRQs. In this study the impacts of further TRQ liberalization on the South... |
| Tipo: Thesis or Dissertation |
Palavras-chave: International Relations/Trade; Livestock Production/Industries. |
| Ano: 2005 |
URL: http://purl.umn.edu/28064 |
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