The nexus between maize importation, local production and local prices: Empirical analysis from Nigeria

The study examined the relationship between maize importation, local prices and local production. Secondary data from 1970 to 2016 were employed. Unit root, co-integration and Ordinary Least Square (OLS) assumption tests were checked. Least Square estimation model, Pearson Coefficient and Generalize...

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Bibliographic Details
Published inAlanya Akademik Bakış Vol. 3; no. 2; pp. 201 - 213
Main Authors Adeosun, Kehinde Paul, Ihemezie, Eberechukwu Johnpaul, Ume, Chukwuma Otum, Egu, Livinus Uchenna
Format Journal Article
LanguageEnglish
Turkish
Published Alanya Alanya Alaaddin Keykubat University 31.05.2019
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Summary:The study examined the relationship between maize importation, local prices and local production. Secondary data from 1970 to 2016 were employed. Unit root, co-integration and Ordinary Least Square (OLS) assumption tests were checked. Least Square estimation model, Pearson Coefficient and Generalized Least Model (GLM) were employed. The results show that strong linear relationship (-0.466) exist between local maize production and maize importation, though in opposite direction. The results from GLM shows that quantities of maize imported (-0.0324), sorghum production (-0.967) and population growth (-0.779) are statistically significant but negatively influences local maize production. Local price of maize (0.471) on the other hand is positive and significantly influences local maize production. There should be effective government policy to reduce maize importation. The study examined the relationship between maize importation, local prices and local production. Secondary data from 1970 to 2016 were employed. Unit root, co-integration and Ordinary Least Square (OLS) assumption tests were checked. Least Square estimation model, Pearson Coefficient and Generalized Least Model (GLM) were employed. The results show that strong linear relationship (-0.466) exist between local maize production and maize importation, though in opposite direction. The results from GLM shows that quantities of maize imported (-0.0324), sorghum production (-0.967) and population growth (-0.779) are statistically significant but negatively influences local maize production. Local price of maize (0.471) on the other hand is positive and significantly influences local maize production. There should be effective government policy to reduce maize importation.
ISSN:2651-4192
2547-9733
2651-4192
DOI:10.29023/alanyaakademik.481553