@article{Williams:173058,
      recid = {173058},
      author = {Williams, Timothy O.},
      title = {Livestock pricing policy in sub-Saharan Africa:  objectives, instruments and impact in five countries},
      journal = {Agricultural Economics: The Journal of the International  Association of Agricultural Economists},
      address = {1993-02},
      number = {968-2016-75691},
      pages = {22},
      year = {1993},
      abstract = {Livestock pricing policies in many developing countries  are often instituted without a
good appreciation of the  consequences of such policies for allocative efficiency,  output and
trade. This paper evaluates, in a comparative  cross-country context, the objectives and
instruments of  livestock pricing policy in five sub-Saharan African  countries: Ivory Coast,
Mali, Nigeria, Sudan and Zimbabwe  during the period 1970-86. It assesses the extent to
which  pricing policy objectives have been attained, and also  estimates the effects of price
interventions on output,  consumption, trade and government revenues in order to draw  out
lessons for the future.
The empirical results indicate  that in comparison with real border prices, a  certain
degree of success was achieved in stabilising real  domestic producer prices in the study
countries. The  results also show that since the early 1980s, there has  been a gradual shift
away from taxation of producers.  However, consumers still appear to gain as much  as
producers in three of the study countries, with negative  consequences for foreign exchange
earnings and government  revenues. The analysis reveals the importance of  domestic
inflation and exchange rates as key variables for  livestock pricing policies and highlights the
need to  address the macroeconomic imbalances that cause exchange  rate distortions and
high domestic inflation at the same  time that direct price distortions are being tackled.},
      url = {http://ageconsearch.umn.edu/record/173058},
      doi = {https://doi.org/10.22004/ag.econ.173058},
}