Coffee Output Reaction to Climate Change and Commodity Price Volatility: The Nigeria Experience

Empirical evidence is lacking on the nexus between coffee commodity output, climate change, and commodity price volatility of Africa’s most populous country, Nigeria, and other developing countries. To fill this gap, this study analyzed the reaction of coffee output to climate change and commodity p...

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Published inSustainability Vol. 11; no. 13; p. 3503
Main Authors Oko-Isu, Anthony, Chukwu, Agnes Ugboego, Ofoegbu, Grace Nyereugwu, Igberi, Christiana Ogonna, Ololo, Kennedy Okechukwu, Agbanike, Tobechi Faith, Anochiwa, Lasbrey, Uwajumogu, Nkechinyere, Enyoghasim, Michael Oguwuike, Okoro, Uzoma Nnaji, Iyaniwura, Adeolu Adewale
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.07.2019
Subjects
Agribusiness
Agricultural commodities
Agricultural production
Agriculture
Central banks
Climate change
Climate change mitigation
Coffee
Commodities
Crops
Developing countries
Exports
Farmers
Food
Foreign exchange rates
International trade
LDCs
Population
Prices
Small & medium sized enterprises-SME
Sustainability
Volatility
Nigeria
United States > US
Niger
Atlantic Ocean
Africa
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Summary:Empirical evidence is lacking on the nexus between coffee commodity output, climate change, and commodity price volatility of Africa’s most populous country, Nigeria, and other developing countries. To fill this gap, this study analyzed the reaction of coffee output to climate change and commodity price volatility. We used secondary data from 1961 to 2015 from reliable sources for Nigeria. The study adopted generalized autoregressive conditional heteroscedasticity (GARCH), autoregressive conditional heteroscedasticity (ARCH), and fully modified ordinary least square (FMOLS) in analysis of coffee output reaction to climate change and commodity price volatility. The findings show that coffee output in Nigeria is influenced by climate change and the international commodity price of coffee. The study demonstrates the potential benefits of improving coffee output and export through climate mitigation and adaptation measures and revival of agricultural commodity marketing in Nigeria and other developing countries.
ISSN:2071-1050
2071-1050
DOI:10.3390/su11133503