The effect of government policies on agricultural prices and output in a developing country

John Baffoe-Bonnie, S. Noi Ashong

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This paper develops a model for Ghana and uses the model to simulate the impact of alternative government policies (including those proposed by the International Monetary Fund [IMF] and the World Bank) on output and prices in the agricultural sector. In the model the consumer prices of food and nonfood manufactured goods are determined by forces of demand and supply in the respective submarkets. The modeling framework proposed allows the capture of the parallel market effect of smuggling and evasion of price controls via indirect measures. The links between the cocoa and noncocoa producing sectors are incorporated in the model. The model also emphasizes the heterogeneity in the structure of prices across both the cocoa and the noncocoa producing sectors. -from Authors

Original languageEnglish (US)
Pages (from-to)91-111
Number of pages21
JournalJournal of Developing Areas
Volume30
Issue number1
StatePublished - Jan 1 1995

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agricultural price
government policy
developing world
developing country
cocoa
black market
smuggling
consumer price
agricultural sector
IMF
World Bank
Ghana
effect
supply
food
price
demand
market
modeling

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development

Cite this

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The effect of government policies on agricultural prices and output in a developing country. / Baffoe-Bonnie, John; Noi Ashong, S.

In: Journal of Developing Areas, Vol. 30, No. 1, 01.01.1995, p. 91-111.

Research output: Contribution to journalArticle

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