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Maize supply response to price and nonprice determinants in Nigeria: bounds testing approach
Author(s) -
Ogundari Kolawole
Publication year - 2018
Publication title -
international transactions in operational research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.032
H-Index - 52
eISSN - 1475-3995
pISSN - 0969-6016
DOI - 10.1111/itor.12284
Subject(s) - fertilizer , ordinary least squares , economics , price policy , supply and demand , estimator , econometrics , agricultural economics , mathematics , microeconomics , agronomy , agriculture , statistics , biology , ecology
This paper estimates the responses of maize supply to own price, price of yam, price of cassava, rainfall, and fertilizer use in Nigeria using a fully modified ordinary least squares and ordinary least squares estimators. I find that in the long run, maize supply responds significantly and positively to own price and yam price, rainfall, and fertilizer use, but negatively to the price of cassava. I observe that the short‐run supply responds only to the fertilizer use and rainfall, which are positive and negative, respectively.