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293950

THE IMPACT OF ECONOMIC POLICIES ON COTTON PRODUCTION IN EGYPT: USING PARTIAL EQUILIBRIUM MODEL

Article

Last updated: 25 Dec 2024

Subjects

-

Tags

Agricultural Economics and Rural Development

Abstract

The cotton crop was subjected to many changes that led to the lack of clarity and stability of the price policy of the cotton crop, which led to the loss of its position in the global market, which resulted in a clear decline in the cotton cultivated. The different economic indicators of the partial equilibrium model during the period 2000-2020. The results of the study showed that there was a statistically significant annual decrease in each of the cultivated area, total production, the quantity of exports, and the domestic consumption of cotton, while it was found that there was a significant increase in each of the quantity of imports, the farm price, and the exchange rate of the pound against the dollar. The indicators of the partial equilibrium model also showed a clear fluctuation in their values, whether in the case of the export tax model, where the average net economic loss in production, consumption and societal was about 5.39, 0.304, 5.39 billion pounds, respectively, while the average change in each of the surplus producers and the consumer amounted about 2.39 and 1.45 billion pounds, respectively, and the decrease in the consumer surplus is due to the high levels of both international prices and the exchange rate and the low levels of production and consumption, while the average change in government revenue amounted to 6.33 billion pounds, while the change in foreign exchange amounted to about 22.230 billion pounds during the study period. In the case of imposing a customs tariff on imports of cotton, the average net economic loss in production, consumption, and societal loss amounted to about 190, 59.7, and -250 million pounds, respectively, while the average change in both producer and consumer surpluses amounted to about 1274, 465 million pounds, respectively. The average change in government revenue was 558 million pounds, while the change in foreign exchange was estimated at 1.378 billion pounds (equivalent to 153 million dollars) during the study period

DOI

10.21608/sinjas.2023.187483.1185

Keywords

Egyptian cotton crop, Partial equilibrium model government, Revenues- Resources

Authors

First Name

Ahmed

Last Name

Hamed

MiddleName

Fawzy

Affiliation

Dept. Agric. Econom., Fac. Agric., Zagazig Uni., Egypt.

Email

ahmed.fawzy01158468171@gmail.com

City

zagazig

Orcid

-

Volume

12

Article Issue

1

Related Issue

39858

Issue Date

2023-02-01

Receive Date

2023-01-18

Publish Date

2023-02-01

Page Start

55

Page End

68

Print ISSN

2314-6079

Online ISSN

2682-3527

Link

https://sinjas.journals.ekb.eg/article_293950.html

Detail API

https://sinjas.journals.ekb.eg/service?article_code=293950

Order

5

Type

Researches

Type Code

2,342

Publication Type

Journal

Publication Title

Sinai Journal of Applied Sciences

Publication Link

https://sinjas.journals.ekb.eg/

MainTitle

THE IMPACT OF ECONOMIC POLICIES ON COTTON PRODUCTION IN EGYPT: USING PARTIAL EQUILIBRIUM MODEL

Details

Type

Article

Created At

25 Dec 2024