Characterizing the Determinants of Agricultural Export Trade in Crude Oil Producing Countries in Africa (COPCA)

ANOWOR, OLUCHUKWU F and Kalu, Ijeoma E. and Odo, Augustine C. and OKORIE, George Chisom (2013) Characterizing the Determinants of Agricultural Export Trade in Crude Oil Producing Countries in Africa (COPCA). In: EMERGING ISSUES IN ECONOMIC POLICY AND DEVELOPMENT IN NIGERIA. Department of Economics, University of Port Harcourt, Nigeria, pp. 81-98.

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Abstract

Strings of literature on agriculture mainly concentrated on its impact on growth. A few, though country-specific, fussed with scanty factors of agricultural-output with varying-methods and techniques of analyses. Typically, Crude-Oil-Producing-Countries-in-Africa (COPCA) appear repeatedly in scholarly works with notable gaps for decades as yet to maximize their potentials in agriculture especially after the discovery of oil. This study becomes imperative on the account of the need to reconsider agriculture and agricultural-export-trade as principal-contestant and as a petroleum-economy substitute by dint of the intensified-global-call for decarbonating the earth. The foremost contribution of this paper to extant-literature is to uncover the crucial variables that determine agricultural export-trade in eighteen COPCA countries by identifying four Generalized Method of Moment models (GMM_I, GMM_II, GMM_III, and GMM_IV). The results evinced indications of low agricultural output and exports from the COPCA as such domestic agricultural commodity price, world agricultural commodity price, number of persons employed in agriculture as a proportion of total employment, exchange rate, inflation, degree of openness, and as well as a domestic agricultural investment could not exert significant impact on the agricultural export. This is attributed to policy bias in favour of the oil sector which crowds out productivity in agricultural and other sectors.

Item Type: Book Section
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 20 May 2025 11:01
Last Modified: 20 May 2025 11:01
URI: http://eprints.gouni.edu.ng/id/eprint/4598

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