Hussayn J., Obi-Egbedi O., Oluwatayo I. Trade Liberalization Policy and Competitiveness of Cocoa Beans Exports in Nigeria (1961-2017)
Autor | Jamiu Hussayn, Ogheneruemu Obi-Egbedi, Isaac Oluwatayo |
Tytuł | Trade Liberalization Policy and Competitiveness of Cocoa Beans Exports in Nigeria (1961-2017) |
Title | Trade Liberalization Policy and Competitiveness of Cocoa Beans Exports in Nigeria (1961-2017) |
Słowa kluczowe | cocoa, competitiveness, market share, trade liberalization policy and vector error correction model |
Key words | cocoa, competitiveness, market share, trade liberalization policy and vector error correction model |
Abstrakt | The cocoa sector in Nigeria has experienced decline in 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 to the sector’s problem although, cocoa competitiveness remains an issue since liberalization. Therefore, the relationship between trade liberalization policy and competitiveness of Nigeria’s cocoa exports was examined in this study using data for the period 1961-2017. Cocoa market share was used to measure competitiveness while analytical tools employed were: ADF test, Johansen co-integration test and the vector error correction model (VECM). Market share, quantity of cocoa export and inflation rate were stationary at original level while others, at first difference. The co-integration test showed seven co-integrating equations. Trade liberalization policy was found to be an important driver of competitiveness. In addition, area harvested, production quantity and export quantity positively influenced competitiveness while world price of cocoa, interest rate on agricultural loans, exchange rate and trade liberalization influenced negatively. Therefore, appropriate trade policy formulation and implementation is recommended while, specific attention should be paid to monetary policies and cocoa production by the government. |
Abstract | The cocoa sector in Nigeria has experienced decline in 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 to the sector’s problem although, cocoa competitiveness remains an issue since liberalization. Therefore, the relationship between trade liberalization policy and competitiveness of Nigeria’s cocoa exports was examined in this study using data for the period 1961-2017. Cocoa market share was used to measure competitiveness while analytical tools employed were: ADF test, Johansen co-integration test and the vector error correction model (VECM). Market share, quantity of cocoa export and inflation rate were stationary at original level while others, at first difference. The co-integration test showed seven co-integrating equations. Trade liberalization policy was found to be an important driver of competitiveness. In addition, area harvested, production quantity and export quantity positively influenced competitiveness while world price of cocoa, interest rate on agricultural loans, exchange rate and trade liberalization influenced negatively. Therefore, appropriate trade policy formulation and implementation is recommended while, specific attention should be paid to monetary policies and cocoa production by the government. |
Cytowanie | Hussayn J., Obi-Egbedi O., Oluwatayo I. (2021) Trade Liberalization Policy and Competitiveness of Cocoa Beans Exports in Nigeria (1961-2017).Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, t. 21(36), z. 1: 4-15 |
HTML | wersja html |
Pełny tekst | PRS_2021_T21(36)_n1_s4.pdf |
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Kramarz P. Uwarunkowania i ekonomiczne znaczenie produkcji ziarna kakaowca w krajach Afryki Zachodniej
Autor | Paulina Kramarz |
Tytuł | Uwarunkowania i ekonomiczne znaczenie produkcji ziarna kakaowca w krajach Afryki Zachodniej |
Title | Determinants and economic significance of cocoa production in West Africa region |
Słowa kluczowe | Afryka Zachodnia, Ghana, Wybrzeże Kości Słoniowej, Nigeria, produkcja ziarna kakaowca, monokultura eksportowa |
Key words | West Africa, Ghana, Cȏte d’Ivoire, Nigeria, cocoa production, export monoculture |
Abstrakt | Kraje Afryki Zachodniej takie jak Ghana, Wybrzeże Kości Słoniowej należą do największych światowych producentów i eksporterów ziarna kakaowca z łącznym udziałem przekraczającym 50% światowego eksportu. Zmienność wielkości produkcji w zależności od warunków klimatycznych i wewnętrznych problemów politycznych w gospodarkach uzależnionych od eksportu kakao, może stanowić przyczynę wahań koniunktury gospodarczej. Jednocześnie produkcja i obrót ziarnem kakaowca stanowi podstawę budowania strategii rozwoju tych terenów. Celem artykułu była analiza ekonomicznego znaczenia produkcji ziarna kakaowca w krajach Afryki Zachodniej. |
Abstract | The purpose of this paper was to describe economic significance of cocoa production in West Africa region. West African countries are the leading world’s producers of cocoa beans. Share in world merchandise trade of Ghana and Cote d’Ivoire exceeds 50%. Yields variability (susceptible of disease and changing weather conditions) can wield influence on economic situation in mentioned countries. However cocoa trade is ceaselessly the basis of economic development in this region. |
Cytowanie | Kramarz P. (2016) Uwarunkowania i ekonomiczne znaczenie produkcji ziarna kakaowca w krajach Afryki Zachodniej.Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, t. 16(31), z. 1: 142-148 |
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Pełny tekst | PRS_2016_T16(31)_n1_s142.pdf |
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