Price responsiveness, efficiency, and the impact of structural adjustment on Egyptian crop producers

This paper examines the role of prices and the impact of the structural adjustment reforms undertaken by the Government of Egypt in 1986 on the producers of five major crops. The results indicate that the program had a positive net impact on the welfare of individual crop producers, evaluated as a gain in production efficiency; Crop profitability was also found to be highly responsive to input and output prices. The results highlight the importance of market based prices in agricultural development. Copyright (C) 1996 Elsevier Science Ltd