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The Elusive Quest for Supply Response to Cash-crop Market Reforms in Sub-Saharan Africa : The Case of Cotton

ADJUSTMENT POLICIES AGRICULTURE AVERAGE PRODUCTIVITY BIDDING CETERIS PARIBUS CHECKS COLLECTIVE ACTION COMPARATIVE ADVANTAGE COMPARATIVE ANALYSIS COMPETITIVE MARKET COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS CONTRACT ENFORCEMENT COORDINATION FAILURES COTTON PRICES CREDIBILITY CREDIT AVAILABILITY CREDIT CONSTRAINTS CREDIT DEFAULT CREDIT MARKETS CREDIT SYSTEM CREDIT SYSTEMS CRISES CURRENCY DATA QUALITY DEMOCRACY DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC MARKET DUMMY VARIABLE DUMMY VARIABLES ECONOMETRIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC SYSTEMS ECONOMICS ECONOMIES OF SCALE EMPLOYMENT ENFORCEMENT MECHANISMS EXCHANGE RATE EXPORTS FINANCIAL INSTITUTIONS FIXED PRICES FOREIGN EXCHANGE GDP GLOBAL TRADE GOVERNMENT INTERVENTION INCOME INDUSTRIALIZATION INPUT PRICES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL MARKET INTERNATIONAL TRADE INVENTORIES LOAN MACRO-ECONOMIC POLICIES MACROECONOMIC ENVIRONMENT MARKET CONDITIONS MARKET ENTRY MARKET EXIT MARKET PRICING MARKET REFORM MARKET REFORMS MARKET SHARES MARKET STRUCTURE MARKET STRUCTURES MARKETING MARKETING BOARDS MONETARY FUND MONOPOLIES MONOPOLISTIC MARKET MONOPOLISTIC MARKETS MONOPOLY MONOPSONY POLITICAL ECONOMY POLITICAL SCIENCE PRICE EFFECT PRICE LIBERALIZATION PRIVATE CAPITAL PRIVATE SECTOR PRODUCER PRICES PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PURCHASE PRICE PURCHASING REGIONAL DUMMIES REGULATORY SYSTEMS RETURN RETURNS SAFETY SALE SALES SOFT BUDGET CONSTRAINTS STATE INTERVENTION TAX TAXATION TRADE NEGOTIATIONS TRADE POLICY TRANSACTION TRANSACTION COSTS TRANSITION COUNTRIES WORLD MARKET
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Africa | Africa | Africa
2012-03-19T18:05:49Z | 2012-03-19T18:05:49Z | 2011-10-01

Little cross-cutting conclusions emerge from comparative studies on the impact of structural adjustment on Sub-Saharan African agricultural performance. This paper aims to illuminate this long-standing debate by adopting a novel quantitative, sectoral and long-term approach controlling for country-specific determinants. It incorporates detailed information on the pace of reforms and the nature of post-reform market structure, pre-reform policies and weather conditions at the cultivation zone level. The cotton sector is the focus of this paper because of its particularly interesting institutional history. The authors find that the changes in market structure brought about by reforms have had very different impacts in Francophone West and Central Africa and in the rest of Sub-Saharan Africa. In the former region, production has been higher but productivity lower, on average, in regulated markets than in monopolistic markets. Conversely, in the liberalized markets of the rest of Sub-Saharan Africa, productivity has been higher in than in monopolistic markets but highly competitive markets seem to have produced less than monopolistic sectors.

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