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Macroeconomics and agriculture in Tunisia

[Zeitschriftenartikel]

Gil, José M.; Ben-Kaabia, Monia; Chebbi, Houssem Eddine

Zitationshinweis

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Abstract This paper aims to analyse the impact of changes in the monetary policy and the exchange rate on agricultural supply, prices and exports. The methodology used is based on the multivariate cointegration approach. Ten variables are considered: interest and exchange rates, money supply, inflation, agricultural output and input prices, agricultural supply and exports, income and the rate of commercial openness. The sample period covers annual data from 1967 to 2002. Due to the short sample period, two subsystems are considered. First, long-run relationships are identified in each subsystem. Second, both subsystems are merged in order to calculate the short-run dynamics. The results indicate that changes in macroeconomic variables have an effect on the agricultural sector but the reverse effect does not hold.
Thesaurusschlagwörter monetary policy; economic policy; rate of exchange; agricultural commodities market; farm price; export; Tunisia
Klassifikation Wirtschaftspolitik; Wirtschaftssektoren
Freie Schlagwörter Macroeconomic policy; agro-food sector; Tunisia; Africa; dynamic relationships
Publikationsjahr 2009
Seitenangabe S. 105-124
Zeitschriftentitel Applied Economics, 41 (2009) 1
DOI http://dx.doi.org/10.1080/00036840701604420
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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