Economic incentives and agricultural exports in developing countries
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Date
1987-02
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Abstract
The findings of this paper indicate that exports in general, and agricultural exports in particular, strongly respond to price incentives. this conclusion has been established by an econometric analysis of data for developing countries and for a subset of Sub-saharam African countries as well as by comparisons of the experience of countries at different levels of development and following different policies.
The econometric analysis show the responsiveness of the exports of goods and non factor services, merchandise exports, and agricultural exports to changes in the real exchange rate. It is of particular interest to note that this response is apparently greater in sub-saharn African countries than in developing countries in general.
The country analyses further indicate that outward-oriented countries had a far better export performance in regard to merchandise exports, as well as for traditional agricultural exports, than inward-oriented economies. The conclusion applies to all the periods under consideration as well as to countries at different levels of development, from newly-industrializing developing countries to sub-saharan African countries.
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Economic incentives, Agricultural export, Developing countries