Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria
This study examined the effects of trade liberalization andexchange rate changes on carbohydrate staples in Nigeria.Secondary data published from 1974 to 2006 on cassava exportsand rice imports as well as non-tradable carbohydrate stapleswere used. It was hypothesized that exchange rate changes andt...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Islamic Azad University
2012-06-01
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| Series: | International Journal of Agricultural Management and Development |
| Subjects: | |
| Online Access: | http://www.ijamad.com/2(2)/IJAMAD6-2(2).pdf |
| _version_ | 1819169883589443584 |
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| author | Maduabuchi Mkpado C.J. Arene |
| author_facet | Maduabuchi Mkpado C.J. Arene |
| author_sort | Maduabuchi Mkpado |
| collection | DOAJ |
| description | This study examined the effects of trade liberalization andexchange rate changes on carbohydrate staples in Nigeria.Secondary data published from 1974 to 2006 on cassava exportsand rice imports as well as non-tradable carbohydrate stapleswere used. It was hypothesized that exchange rate changes andtrade liberalization via price relatives, trade intensity and nominalprotection coefficient have affected prices of carbohydrate staplesin Nigeria. Results show that the effects of trade liberalizationon prices of non tradable carbohydrate staples were mixed.Trade liberalization accounted for most changes in the price ofnon tradable rice than other crops. World prices positivelyaffected the prices of maize and non tradable rice. Also increasingexchange rate will lead to increase in price of non tradable ricedue to price competition with imported rice. The intensificationof liberalization exercise from the removal of quantitativerestriction to use of tariff, among other recommendations, shouldbe encouraged because it can be a remedy to the negativeimpact of increase in the trade intensity and erosion of nominalprotection coefficient on prices of the non tradable crops. |
| first_indexed | 2024-12-22T19:26:35Z |
| format | Article |
| id | doaj.art-e7919b00ae9e44f891e219131ed375b7 |
| institution | Directory Open Access Journal |
| issn | 2159-5852 2159-5860 |
| language | English |
| last_indexed | 2024-12-22T19:26:35Z |
| publishDate | 2012-06-01 |
| publisher | Islamic Azad University |
| record_format | Article |
| series | International Journal of Agricultural Management and Development |
| spelling | doaj.art-e7919b00ae9e44f891e219131ed375b72022-12-21T18:15:14ZengIslamic Azad UniversityInternational Journal of Agricultural Management and Development2159-58522159-58602012-06-0122121136Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in NigeriaMaduabuchi MkpadoC.J. AreneThis study examined the effects of trade liberalization andexchange rate changes on carbohydrate staples in Nigeria.Secondary data published from 1974 to 2006 on cassava exportsand rice imports as well as non-tradable carbohydrate stapleswere used. It was hypothesized that exchange rate changes andtrade liberalization via price relatives, trade intensity and nominalprotection coefficient have affected prices of carbohydrate staplesin Nigeria. Results show that the effects of trade liberalizationon prices of non tradable carbohydrate staples were mixed.Trade liberalization accounted for most changes in the price ofnon tradable rice than other crops. World prices positivelyaffected the prices of maize and non tradable rice. Also increasingexchange rate will lead to increase in price of non tradable ricedue to price competition with imported rice. The intensificationof liberalization exercise from the removal of quantitativerestriction to use of tariff, among other recommendations, shouldbe encouraged because it can be a remedy to the negativeimpact of increase in the trade intensity and erosion of nominalprotection coefficient on prices of the non tradable crops.http://www.ijamad.com/2(2)/IJAMAD6-2(2).pdfTrade LiberalizationExchange RateCarbohydrate Staple MarketsNigeria |
| spellingShingle | Maduabuchi Mkpado C.J. Arene Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria International Journal of Agricultural Management and Development Trade Liberalization Exchange Rate Carbohydrate Staple Markets Nigeria |
| title | Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria |
| title_full | Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria |
| title_fullStr | Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria |
| title_full_unstemmed | Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria |
| title_short | Trade Liberalization, Exchange Rate Changes, and the Competitiveness of Carbohydrate Staple Markets in Nigeria |
| title_sort | trade liberalization exchange rate changes and the competitiveness of carbohydrate staple markets in nigeria |
| topic | Trade Liberalization Exchange Rate Carbohydrate Staple Markets Nigeria |
| url | http://www.ijamad.com/2(2)/IJAMAD6-2(2).pdf |
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