期刊名称：International Journal of Food and Agricultural Economics
印刷版ISSN：2147-8988
出版年度：2016
卷号：4
期号：2
页码：69-85
出版社：International Journal of Food and Agricultural Economics
摘要：The aim of this study is to formulate and estimate a model for the palm oil market in Nigeria with a view to identifying principal factors that shape the Nigerian palm oil industry. Four structural equation models comprising palm oil production, import demand, domestic dema nd and producer price have been estimated using the autoregressive distributed lag (ARDL) cointegration approach over the 1970 to 2011 period. The results reveal that significant factors that influence the Nigerian palm oil industry include the own price, tech nological improvements, and income level. Government expenditure on agricultural development is also an important determinant, which underscores the need for government support in agriculture. Our model provides a useful framework for analyzing the effects of changes in major exogenous variables such as income or import tariff on the production, dema nd, and price of palm oil.
