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Macroeconomics and agriculture in Tunisia
[Zeitschriftenartikel]
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, agri... mehr
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.... weniger
Thesaurusschlagwörter
Wirtschaftspolitik; Tunesien; Geldpolitik; Wechselkurs; Agrarpreis; Export; Agrarmarkt
Klassifikation
Wirtschaftssektoren
Wirtschaftspolitik
Freie Schlagwörter
Macroeconomic policy; agro-food sector; Tunisia; Africa; dynamic relationships
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 105-124
Zeitschriftentitel
Applied Economics, 41 (2009) 1
DOI
https://doi.org/10.1080/00036840701604420
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)