An Econometric Model for Nigeria’s Rice Market
نویسندگان
چکیده
A dynamic econometric model of Nigeria’s rice market was designed to serve as a base for future policy analyses. Using time-series data spanning 38 years, the contains four structural equations representing paddy area harvested, yield, per capita demand, and producer price variables. Estimates these were obtained using autoregressive distributed lag (ARDL) cointegration approach. Results production yield sub-models showed that inelastic. Furthermore, harvested responded favourably technological advancement. For demand sub-model, estimated own cross-price elasticities has an inelastic response, with wheat being substitute. series validation tests strengthened reliability use empirical framework forecasting analysing effects changes in policies such import tariff reforms on production, consumption, retail price, imports.
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ژورنال
عنوان ژورنال: Pertanika journal of social science and humanities
سال: 2021
ISSN: ['0128-7702', '2231-8534']
DOI: https://doi.org/10.47836/pjssh.29.2.23