Production Cost and Return; Comparative Analysis of Sorghum in India and Nigeria
Jimjel Zalkuwi,
Rakesh Singh,
Madhusudan Bhattarai,
O. P. Singh,
B. Dayakar
Issue:
Volume 4, Issue 2, April 2015
Pages:
18-21
Received:
8 March 2015
Accepted:
19 March 2015
Published:
24 March 2015
Abstract: This study analyzed and compared the cost and return of sorghum production in India and Nigeria. Data were collected through the administration of 480 copies of questionnaires to selected sorghum farmers (240 from each country) using simple randomsampling techniques. The result of the CACP cost concept reveal that average outputs of the respondents 17.68 qtls and 18.14 qtls per hectare for India and Nigeria sorghum production systems respectively. Also, the revenue generated were Rs. 17354.30 and Rs. 20642.10 per hectare for India and Nigeria sorghum production respectively. The results reveal that India sorghum production had a gross margin and net farm income of Rs. 28281.90 and 17354.30 per hectare respectively while Nigeria sorghum producer had a gross margin and net farm income of Rs. 29810.00 and Rs 20642.10 per hectare respectively. The study therefore revealed that, the business of cultivating sorghum in Nigeria is more profitable than that of India.
Abstract: This study analyzed and compared the cost and return of sorghum production in India and Nigeria. Data were collected through the administration of 480 copies of questionnaires to selected sorghum farmers (240 from each country) using simple randomsampling techniques. The result of the CACP cost concept reveal that average outputs of the respondents...
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The Effect of Monetary Policy on the Private Sector Investment in Ethiopia: ARDL Co-Integration Approach
Demilie Basha Hailu,
Fikru Debele
Issue:
Volume 4, Issue 2, April 2015
Pages:
22-33
Received:
9 March 2015
Accepted:
20 March 2015
Published:
26 March 2015
Abstract: Even though there is a belief that monetary policy can influence private sector investment, research works have not yet been conducted on the dynamic impact of monetary policy on private investment in Ethiopia. Rather, literatures are substantially deal with the determinants of private investment and the effectiveness of monetary policy in Ethiopia separately. Consequently, a times series analysis technique using annual data for the period 1975-2011 is utilized to investigate the power of policy makers in enhancing the performance of private investment through monetary policy changes. Moreover, the ambiguous results in relation with the power of monetary policy in affecting private sector investment in elsewhere including sub-Saharan countries become an initiation to undertake this particular study. Accordingly, this study seeks to present an empirical assessment of monetary policy that has either stimulated or dampened private sector investment for the past several decades. Employing time series econometric techniques such as, co-integration and error correction techniques within an ARDL framework the study reveals intriguing results. Results suggest that private investment is positively and significantly influenced in the short-run by public investment, money supply, and a real output but negatively and significantly by real exchange rate while, real interest rate is found to have insignificant and has a negative sign in line with macro-economic theory. Moreover, in the long run, the result shows a positive and significant effect of public investment, real GDP and broad money supply while real exchange rate negatively and significantly influenced private investment. However, real interest rate is found to have a positive but insignificant effect in the long run as well. The conclusion is that monetary policy measures are more influential than fiscal policy in promoting private investment in Ethiopia via improving financial resource availability for investment.
Abstract: Even though there is a belief that monetary policy can influence private sector investment, research works have not yet been conducted on the dynamic impact of monetary policy on private investment in Ethiopia. Rather, literatures are substantially deal with the determinants of private investment and the effectiveness of monetary policy in Ethiopia...
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Test of relationship between Exchange Rate and Inflation in South Sudan: Granger-Causality Approach
Emmanuel Pitia Zacharia Lado
Issue:
Volume 4, Issue 2, April 2015
Pages:
34-40
Received:
27 March 2015
Accepted:
12 April 2015
Published:
24 April 2015
Abstract: Using Granger-causality approach, this study was intended to establish the relationship between exchange rate and inflation measured by CPI in South Sudan using time series monthly data for the period August 2011 to November 2014. The study reveals that there exists a unidirectional causality from exchange rate to CPI without feedback. This means depreciation of South Sudanese currency is detrimental to the economy of South Sudan. Although CPI failed to cause changes in exchange rate, there is no way to conclude with greater confidence that the results are true. The effect of the pressure of an increase in price level on exchange rate could have been from the response of monetary authorities in bridging the gap between the price level and the purchasing power of people in the economy. In South Sudan, with no response from the monetary authorities to increase money supply, the effect of increase in prices on exchange rate has been suppressed and only manifests itself in terms of suffering encountered by the economic actors with consumers and mainly the low-income consumers hit hard.Given the results, there is a need for the authorities to manage the exchange rate and save the domestic currency from depreciation. In search of more information, the study recommends further research to be conducted with the aim of establishing the weaknesses and strengths of South Sudan Central Bank management in carrying out effective monetary policies in the country.
Abstract: Using Granger-causality approach, this study was intended to establish the relationship between exchange rate and inflation measured by CPI in South Sudan using time series monthly data for the period August 2011 to November 2014. The study reveals that there exists a unidirectional causality from exchange rate to CPI without feedback. This means d...
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