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85th Annual Conference of the Agricultural Economics participation Warwick University 18 - 20 April 2011 The Economic Role of Nigerias Subsistence agribusiness in the Transition Process: Implications for Rural Development By Apata, T.G*., Folayan, A*, Apata, O.M**. and Akinlua, J* *Department of Agricultural Economics and Extension Services, Joseph Ayo Babalola University, Ikeji Arakeji, P.M,B. 5006 Ilesa, Nigeria netmail: dayoapata@yahoo.com **Department of Agricultural Economics and Extension Services, University of Ado-Ekiti, Ekiti State. Copyright 2011 by Apata, T.G., Folayan, A, Apata, O.M. and Akinlua, J. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all much(prenominal) copies. Abstract This study examined the role of subsistence-oriented agriculture in Nigeria in the 1990s to 2000s. The start come out by discussing the diverging sparing effects of the growth of subsistence agriculture in Nigeria since the transition physical process started. The quantitative analysis of this sectors role is carried out by means of an applied Computable General counterweight (CGE) model applying a 1994 Social Accounting Matrix (SAM) as base year data.

The innovation of the article is to disaggregate primary plain production not by products but by uprise types, which enables us to distinguish their institutional and economic characteristics. The study simulates 2 Structural Adjustment Programme (SAP) of the government. The results of the post SAP outcome highlight that Nigerias subsistence agriculture was an important shock absorber against pull ahead agricultural output declines during transition. A simulation, which looks into the effects of a devaluation of the Nigeria Naira, shows that the monetary crisis should have increased the relative competitiveness particularly of big crop farms versus small-scale farms. The reforms of successive governments show that efficiency... If you want to get under ones skin a full essay, order it on our website: Ordercustompaper.com

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