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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Agris On-Line Papers in Economics and Informatics

ISSN

1804-1930

e-ISSN

1804-1930

Svazek periodika

15

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

13

Strana od-do

113-125

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85152385351