The sequencing of agricultural market reforms in Malawi

Kherallah, Mylène; Govindan, Kannan

doi:10.1093/jae/8.2.125

Cited by 39 publications

(15 citation statements)

References 14 publications

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“…It has been reported in other sub-Saharan Africa countries such as Malawi and Tanzania (Kherallah and Govindan, 1999;Booth, 1991). The experience from these studies and others (see Duncan and Jones, 1993;FAO, 1994) indicates that before reducing government operations in agricultural markets, measures to decontrol all prices and to promote private sector participation should be in place.…”

Section: Decline In Mean Pricesmentioning

confidence: 85%

Economic Reforms and Evolution of Producer Prices in Kenya: An ARCH‐M Approach

Karanja¹,

Kuyvenhoven²,

Moll³

2003

African Development Review

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For the last two decades, most countries in sub-SaharanAfrica have been liberalizing their economies, and agricultural markets in particular. The reforms were envisaged to improve the agricultural sector terms of trade and prices received by producers as a means of stimulating production and growth. This paper analyses the effects of market reforms on the evolution and volatility of producer prices in Kenya. An autoregressive conditional heteroscedastic in mean (ARCH-M) regression model is applied to analyse monthly producer prices for a 15-year period. The periods 1985-91 and 1992-99 represent the pre-reform and reform periods, respectively. Milk and maize are used to represent food items while coffee and tea represent traded non-food commodities. Real producer prices for coffee, tea and maize significantly declined during the reform period while milk prices increased. Results also indicate that market reforms were generally associated with higher volatility of commodity prices, although there are inter-commodity differences. These price developments could be attributed to sequencing problems and the intermittent nature of market reforms as well as limited private sector participation in agricultural markets. International trends in agricultural commodity prices are also shown to have played a major role, especially for traded products. Policy implications with regard to smallholder agricultural development in a liberalized market environment in Kenya and in the wider context of sub-Saharan Africa are highlighted.Re´sume´: Au cours de ces deux dernie`res de´cennies, la plupart des pays d'Afrique subsaharienne ont libe´ralise´leur e´conomie et leurs marche´s agricoles, en particulier. Les re´formes e´taient cense´es ame´liorer les termes de l'e´change du secteur agricole et les prix aux producteurs pour stimuler la production et la croissance. Le pre´sent article analyse les effets de la re´forme du marche´sur l'e´volution et la volatilite´des prix a`la production 271 au Kenya. Ses auteurs se servent d'un mode`le autore´gressif de re´gression conditionnelle he´te´rosce´dastique (ARCH-M) pour analyser la production mensuelle de riz sur une quinzaine d'anne´es, la pe´riode allant de 1985 a`1991 et celle comprise entre 1992 et 1999 repre´sentant les anne´es de pre´-re´forme et de re´forme, respectivement. Ils utilisent le lait et le maı¨s pour repre´senter les produits alimentaires, et le cafe´et le the´pour repre´senter les produits commercialise´s non alimentaires. Les re´sultats obtenus montrent que les prix re´els au producteur du cafe´, du the´et du maı¨s ont sensiblement baisse´pendant les anne´es de re´forme, alors que le prix du lait a augmente´. Ils montrent, par ailleurs, que la libe´ralisation de l'e´conomie s'accompagne ge´ne´ralement d'une plus grande volatilite´des prix des produits de base, malgre´les e´carts enregistre´s entre les produits. Cette e´volution du cours des produits de base peut eˆtre attribue´e non seulement aux proble`mes de se´quenc¸age et au caracte`re intermittent des re´formes libe...

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Section: Decline In Mean Pricesmentioning

confidence: 85%

Economic Reforms and Evolution of Producer Prices in Kenya: An ARCH‐M Approach

Karanja¹,

Kuyvenhoven²,

Moll³

2003

African Development Review

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“…Sidhu and Baanante (1985); Kheralla and Govindan (1999)). This has the added benefit of reducing the number of variables to be estimated.…”

Section: The Translog Specificationmentioning

confidence: 99%

Ozone pollution and farm profits in England and Wales

Neeliah

Shankar

2010

Applied Economics

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“…In the late 1980s and 1990s, the concept was applied to structural adjustment (Mosley and Toye, 1988;Spooner and Smith, 1991;McPherson, 1995;Toye, 1999) and trade liberalisation programmes (Asiedu-Saforo, 1989;Edwards, 1990;McKinnon, 1991;Falvey and Kim, 1992;Funke, 1993;Cole, 1997;Kherallah and Govindan, 1999), and later to post-conflict reconstruction (Timilsina, 2006). Much evidence is available on the poor sequencing of policies in sub-Saharan African (SSA) countries (Asiedu-Saforo, 1989;Spooner and Smith, 1991;McPherson, 1995;Kherallah and Govindan, 1999;Timilsina, 2006). Spooner and Smith (1991) argued that the structural adjustment programmes had been carried out in a politically rather than economically rational sequence and had failed to consider the need for sequencing the various interrelated components and subcomponents.…”

Section: The Role Of Policy Sequencing In Value-chain Developmentmentioning

confidence: 99%

“…Moreover, the sequencing of reform programmes can have an important effect on the credibility and perceived sustainability of attempts at economic liberalisation (Edwards, 1990). There is an abundant literature, reviewed by Kherallah and Govindan (1999), on the appropriate sequencing of trade policies, and whether macroeconomic stabilisation measures should precede efforts at sectoral liberalisation. A great deal of this literature has focused on the order in which capital controls, domestic financial markets and trade barriers (both tariffs and quantitative restrictions) should be liberalised.…”

Section: The Role Of Policy Sequencing In Value-chain Developmentmentioning

confidence: 99%

Policy Sequencing and the Development of Rice Value Chains in Senegal

Demont¹,

Rizzotto²

2012

Development Policy Review

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In response to the world food crisis in 2008, Senegal developed a productivist national food self-sufficiency programme. However, the critical question is not whether the programme can meet its ambitious target of self-sufficiency in rice production by 2015, but, if it does, how will domestic rice reach urban markets, where consumers generally prefer imported rice for its superior grain quality. Information collected through interviews and a stakeholder workshop advances the argument that policy sequencing will be crucial in order to upgrade Senegalese rice value chains progressively. Any large-scale investments in productivity will need to be preceded by investments in post-harvest grain-quality infrastructure before sector-wide marketing strategies can be adopted that enhance the chain competitiveness of domestic relative to imported rice.

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The sequencing of agricultural market reforms in Malawi

Cited by 39 publications

References 14 publications

Economic Reforms and Evolution of Producer Prices in Kenya: An ARCH‐M Approach

Economic Reforms and Evolution of Producer Prices in Kenya: An ARCH‐M Approach

Ozone pollution and farm profits in England and Wales

Policy Sequencing and the Development of Rice Value Chains in Senegal

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