Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa

Research output: Contribution to journal › Journal article › Research › peer-review

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Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa. / Addison, Anthony John; Ghoshray, Atanu; Stamatogiannis, Michalis.

In: Journal of Agricultural Economics, Vol. 67, No. 1, 2016, p. 47-61.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Addison, AJ, Ghoshray, A & Stamatogiannis, M 2016, 'Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa', Journal of Agricultural Economics, vol. 67, no. 1, pp. 47-61. https://doi.org/10.1111/1477-9552.12129

APA

Addison, A. J., Ghoshray, A., & Stamatogiannis, M. (2016). Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa. Journal of Agricultural Economics, 67(1), 47-61. https://doi.org/10.1111/1477-9552.12129

Vancouver

Addison AJ, Ghoshray A, Stamatogiannis M. Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa. Journal of Agricultural Economics. 2016;67(1):47-61. https://doi.org/10.1111/1477-9552.12129

Author

Addison, Anthony John ; Ghoshray, Atanu ; Stamatogiannis, Michalis. / Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa. In: Journal of Agricultural Economics. 2016 ; Vol. 67, No. 1. pp. 47-61.

Bibtex

@article{35e88a5214314529922e345742ffcd61,
title = "Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa",
abstract = "Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in Sub-Saharan Africa. We choose nine Sub-Saharan African countries that are heavily dependent on a single agricultural commodity for a significant portion of their income. This paper quantifies the impact of agricultural commodity price shocks using a structural non-linear dynamic model. The novel aspect of this study is that we determine whether the response of per capita GDP for the selected Sub-Saharan African countries is different to unexpected increases in agricultural commodity prices as opposed to decreases in prices. We conclude that there is very little evidence that an unanticipated price increase (decrease) will lead to a significantly different response in per capita incomes.",
author = "Addison, {Anthony John} and Atanu Ghoshray and Michalis Stamatogiannis",
year = "2016",
doi = "10.1111/1477-9552.12129",
language = "English",
volume = "67",
pages = "47--61",
journal = "Journal of Agricultural Economics",
issn = "0021-857X",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa

AU - Addison, Anthony John

AU - Ghoshray, Atanu

AU - Stamatogiannis, Michalis

PY - 2016

Y1 - 2016

N2 - Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in Sub-Saharan Africa. We choose nine Sub-Saharan African countries that are heavily dependent on a single agricultural commodity for a significant portion of their income. This paper quantifies the impact of agricultural commodity price shocks using a structural non-linear dynamic model. The novel aspect of this study is that we determine whether the response of per capita GDP for the selected Sub-Saharan African countries is different to unexpected increases in agricultural commodity prices as opposed to decreases in prices. We conclude that there is very little evidence that an unanticipated price increase (decrease) will lead to a significantly different response in per capita incomes.

AB - Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in Sub-Saharan Africa. We choose nine Sub-Saharan African countries that are heavily dependent on a single agricultural commodity for a significant portion of their income. This paper quantifies the impact of agricultural commodity price shocks using a structural non-linear dynamic model. The novel aspect of this study is that we determine whether the response of per capita GDP for the selected Sub-Saharan African countries is different to unexpected increases in agricultural commodity prices as opposed to decreases in prices. We conclude that there is very little evidence that an unanticipated price increase (decrease) will lead to a significantly different response in per capita incomes.

U2 - 10.1111/1477-9552.12129

DO - 10.1111/1477-9552.12129

M3 - Journal article

VL - 67

SP - 47

EP - 61

JO - Journal of Agricultural Economics

JF - Journal of Agricultural Economics

SN - 0021-857X

IS - 1

ER -

ID: 334021679