TRENDS AND DETERMINANTS OF PRICE IN THE POULTRY SUB-SECTOR OF NIGERIA

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 17 ISSUE 1
Written by Joseph Evo EWA, Chigozirim Ndubuisi ONWUSIRIBE, Felix Chibueze NZEAKOR

This study analyzed the trends and determinants of price in the poultry sub-sector of Nigeria. A time series data, from the period of 1961-2014 were collected from the Food and Agricultural Organization database and other sources. Trend analysis, ADF unit root test, cointegration test error correction model, and impulse response were used to analyze the data. The unit root test using Augmented Dickey Fuller test (ADF) shows that all the variables have constant mean suggesting the presence of a long-term relationship. The Johansen cointegration test indicates the presence of two cointegrating equations suggesting the likelihood of long-run relationships between the variables. The error correction term (ECM) coefficient of 87.2 % indicates that the speed of adjustment of the dependent variable from the short run to the long run was high. Imports of poultry products, capital, inflation, interest rate and tariff rate were the significant variables affecting the domestic poultry product prices in the long run. We, therefore, recommend that a well-articulated import control measures should be adopted and not necessarily tariff increase. An outright ban and border control will go along to help stabilize domestic poultry prices.

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EWA J.E., ONWUSIRIBE C.N., NZEAKOR F.C. 2017, TRENDS AND DETERMINANTS OF PRICE IN THE POULTRY SUB-SECTOR OF NIGERIA. Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 17 ISSUE 1, PRINT ISSN 2284-7995, 195-194.


The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.
Copyright 2012. To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“
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