Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
A DISEQUILIBRIUM MODEL OF THE DEMAND FOR AND SUPPLY OF RICE PADDY IN NIGERIA

A DISEQUILIBRIUM MODEL OF THE DEMAND FOR AND SUPPLY OF RICE PADDY IN NIGERIA

 

Abstract: In the face of recent economic upheavals, the need to feed an ailing and hungry society cannot be overemphasised. This was clearly seen in the economic tremors felt in the Nigerian economy when the government put a sledge on the importation of major food products. One of the products highly affected was rice paddy, which had a spiral pattern of consumption. With the recent rush in the demand of rice paddy and inadequacy in its supply, it became imperative to model the disequilibrium in the demand for and supply of rice paddy in Nigeria. In order to achieve this, a simultaneous equations model was adopted. Applying 3-stage least squares (3SLS) technique to time series data spanning 1980-2015, the study found that demand for and supply of rice were price inelastic. It suggested, therefore, that there should be policy that would stimulate sustained increase in domestic rice production capacity while maintaining the fragile and volatile market of the commodity.

JEL classification: D58, 013, 15

Price: N500.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

NES-63RD-ANNUAL-CONFERENCE-2022

Conference virtual link: https://us02web.zoom.us/j/83983249180?pwd=aXFkRGpoMFFoN1lpcGlqTUFGdUFsUT0...read more


2022 ANNUAL CONFERENCE POSTER

Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c...read more


Nigerian Economic Society 63RD ANNUAL CONFERENCE 2022

The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen...read more


63rd ANNUAL CONFERENCE ANNOUNCEMENT: CALL FOR ABSTRACTS

63rd ANNUAL CONFERENCE ANNOUNCEMENT 26 - 30 September 2022 Venue: Kano, Kano State, Nigeria ...read more


NEW EXECUTIVE COUNCIL OF THE NIGERIAN ECONOMIC SOCIETY

At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held...read more


E-Mail Subscription

VoguePayVisaMasterCard