Factors Influencing the Prices of Rice, Maize and Wheat Prices in Nigeria

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F23%3A43923412" target="_blank" >RIV/62156489:43310/23:43923412 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.7160/aol.2023.150109" target="_blank" >https://doi.org/10.7160/aol.2023.150109</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7160/aol.2023.150109" target="_blank" >10.7160/aol.2023.150109</a>

Result language

angličtina

Original language name

Factors Influencing the Prices of Rice, Maize and Wheat Prices in Nigeria

Original language description

This study examines the impact of agricultural Gross Domestic Product (GDP) and imports on Nigeria&apos;s food commodity prices using annual data from 1981 to 2018. Data obtained were analysed using the unit root test, cointegration test and Autoregressive Distributed Lag (ARDL) model to evaluate the long-run and short-run effects of the hypothesized variables on the food commodity prices. The results reveal that maize import value and exchange rate significantly affect the price of maize in the short-run. In contrast, the lagged price of maize, maize output and the past value of maize imports are the factors that influenced the current price of maize within the review period. Also, the lagged price of rice, rice output and the lagged value of rice imported in the immediate year exerted significant influences on the price of rice in Nigeria. Furthermore, the study indicates that the lagged price of wheat, the import value of wheat and the lagged wheat import value were statistically significant in influencing wheat price in Nigeria. Hence, policies for flexibility in the harmonization of exchange rate movements strengthen domestic agricultural performance.

Czech name

—

Czech description

—

Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Agris On-Line Papers in Economics and Informatics

ISSN

1804-1930

e-ISSN

1804-1930

Volume of the periodical

15

Issue of the periodical within the volume

1

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

13

Pages from-to

113-125

UT code for WoS article

—

EID of the result in the Scopus database

2-s2.0-85152385351