Impacts of government pricing policies on agricultural production and the achievement of government policy objectives in Zambia

dc.contributor.author Fosu, Joseph
dc.contributor.department Economics
dc.date 2018-08-23T08:27:55.000
dc.date.accessioned 2020-06-30T07:14:51Z
dc.date.available 2020-06-30T07:14:51Z
dc.date.copyright Thu Jan 01 00:00:00 UTC 1987
dc.date.issued 1987
dc.description.abstract <p>This Dissertation examines the impacts of government's pricing policies on agricultural production and the achievement of stated agricultural policy objectives in the Republic of Zambia. The specific pricing issues of 'border pricing' as an alternative pricing strategy to the existing pricing regime and 'maize price and fertilizer subsidy' as alternative pricing strategies for achieving the objectives of maize self-sufficiency and agricultural export promotion simultaneously were investigated.;The procedures generally followed in analyzing the impacts of agricultural pricing and market intervention policies are briefly reviewed. The general economic and agricultural specific policies, the production technology and policy issues that existed in the 1970s and policy changes that occurred before 1985 are outlined.;Due to limited data on livestock activities in Zambia, the study focuses on the crop sector. The supply side of the crop sector was modelled in a profit function framework to derive own and cross-price responses for the major crops grown in Zambia. The elasticity estimates derived indicated significant cross-price relationships among the major crops grown in Zambia. Increase (decrease) in the price of maize, for example, substantially reduces (increase) the production of all other crops and the use of fertilizer.;The results of the real and monetary impacts of selected pricing strategies that were considered did not give clear indication that 'border pricing' strategy is a preferred pricing strategy compared to the existing price regime. While 'border pricing' encourages export crop production, reduces fertilizer use and hence fertilizer imports, it increases maize imports substantially resulting in a net loss of foreign exchange. The objectives of maize self-sufficiency and agricultural export promotion are in direct conflict when maize price is used as policy instrument to achieve these objectives. Fertilizer subsidy, on the other hand, appears to be a desirable policy instrument for achieving both objectives simultaneously. However, it takes substantially larger changes in fertilizer subsidy relative to changes in the price of maize to achieve a given change in maize self-sufficiency.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/rtd/11679/
dc.identifier.articleid 12678
dc.identifier.contextkey 6458391
dc.identifier.doi https://doi.org/10.31274/rtd-180813-10616
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath rtd/11679
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/64962
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/rtd/11679/r_8721881.pdf|||Fri Jan 14 18:55:32 UTC 2022
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Economics
dc.subject.keywords Economics
dc.title Impacts of government pricing policies on agricultural production and the achievement of government policy objectives in Zambia
dc.type article
dc.type.genre dissertation
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
thesis.degree.level dissertation
thesis.degree.name Doctor of Philosophy
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