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- W2023305701 abstract "A large number of economists have concentrated their efforts on the study of the supply response of the crop sub-sector and individual crops to price and non-price incentives, but studies on aggregate supply response are few. This study is necessary in that it would assist policy makers to identify and evaluate the key variables which are important in determining aggregate agricultural output supply. The Nerlovian adjustment model was used for the estimation. The estimated coefficient were very low, indicating weak or minimal contributions of the variables to output growth in Akwa Ibom State. Moreover, the estimated short-run and long-run elasticities were fairly inelastic. However, the adjustment coefficient which measures the speed and magnitude of changes in planned output in response to anticipated output was above average. What this portrays is that farmers in Akwa Ibom State were more responsive to policy incentives. More of these factors should be committed to agricultural production, so as to improve productivity." @default.
- W2023305701 created "2016-06-24" @default.
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- W2023305701 date "2014-11-03" @default.
- W2023305701 modified "2023-09-26" @default.
- W2023305701 title "Aggregate Agricultural Output Supply Response in Akwa Ibom State of Nigeria: An Application of the Nerlovian Adjustment Model" @default.
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- W2023305701 doi "https://doi.org/10.6084/m9.figshare.1226446" @default.
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