Trade Liberalization Policy and Competitiveness of Cocoa Beans Exports in Nigeria (1961-2017)
نویسندگان
چکیده
The cocoa sector in Nigeria has experienced decline production, yield, exports coupled with its inability to attain global standards and targets and, gradual loss of competitiveness at the world market. Trade liberalization was government’s panacea sector’s problem although, remains an issue since liberalization. Therefore, relationship between trade policy Nigeria’s examined this study using data for period 1961-2017. Cocoa market share used measure while analytical tools employed were: ADF test, Johansen co-integration test vector error correction model (VECM). Market share, quantity export inflation rate were stationary original level others, first difference. showed seven co-integrating equations. found be important driver competitiveness. In addition, area harvested, production positively influenced price cocoa, interest on agricultural loans, exchange negatively. appropriate formulation implementation is recommended while, specific attention should paid monetary policies by government.
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ژورنال
عنوان ژورنال: Scientific Journal Warsaw University of Life Sciences-SGGW
سال: 2021
ISSN: ['2544-0659', '2081-6960']
DOI: https://doi.org/10.22630/prs.2021.21.1.1