caa a22 4500 397559321 CHVBK 20180308164812.0 cr unu---uuuuu 161202e199603 xx s 000 0 eng 10.1093/oxfordjournals.jae.a020898 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.jae.a020898 Price Competitiveness and Variability in Egyptian Cotton: Effects of Sectoral and Economy-wide Policies [Elektronische Daten] [Romeo M. Bautista, Clemen G. Gehlhar] This paper examines the role of price incentives in the observed decline in cotton production in Egypt during the 1980s and in the apparent improvement in recent years. The following determinants (in an accounting sense) of the changes in the relative producer price of cotton during 1980-92 are quantified: (1) changes in the foreign price; (2) changes in the real exchange rate; and (3) changes in nominal protection. An estimated model of the real exchange rate for Egypt is used to provide a further decomposition of the changes in the relative cotton price that isolates the effect of policy-related factors. The comparative effects of sectoral and economy-wide policies are analysed based on three alternative policy regimes in terms of the average price and variability of annual price levels over the period 1971-92. Government interventions are found to reduce both the long-run price incentive and short-run price variability in Egyptian cotton, sectoral policies having a more significant role than economy-wide policies. © Centre for the Study of African Economies Articles nationallicence Bautista Romeo M. International Food Policy Research Institute aut Gehlhar Clemen G. International Food Policy Research Institute aut Journal of African Economies Oxford University Press 5/1(1996-03), 21-51 0963-8024 5:1<21 1996 5 jafeco https://doi.org/10.1093/oxfordjournals.jae.a020898 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.jae.a020898 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Bautista Romeo M. International Food Policy Research Institute aut NATIONALLICENCE 700 1- Gehlhar Clemen G. International Food Policy Research Institute aut NATIONALLICENCE 773 0- Journal of African Economies Oxford University Press 5/1(1996-03), 21-51 0963-8024 5:1<21 1996 5 jafeco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford