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MARKET SUPPLY RESPONSE AND DEMAND FOR LOCAL RICE IN NIGERIA: IMPLICATIONS FOR SELF-SUFFICIENCY POLICY

This study examined the supply response and demand for local rice in Nigeria between 1960 and 2004. A system of equations using secondary data was estimated by OLS and 2SLS techniques. Area planted with local rice is mainly affected by expected price of output, agriculture wage rate and by the partial adjustment coefficient. The short-run response elasticity is 0.077. The implied long-run response elasticity is 1.578. The partial adjustment measure is 0.049. This, points to the difficulty of supply response to changing economic conditions. The price elasticity of demand obtained is 0.841. The …

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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	University of Zagreb University Computing Centre (SRCE)
Date	2008-11-28
Type	article
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://doi.org/10.5513/jcea.v9i3.706
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W3141964740`

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MARKET SUPPLY RESPONSE AND DEMAND FOR LOCAL RICE IN NIGERIA: IMPLICATIONS FOR SELF-SUFFICIENCY POLICY. OpenAlex research, 2008. Vero Archive, record openalex:W3141964740.