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Articles by J.A. Folayan
Total Records ( 3 ) for J.A. Folayan
  A.E. Oguntade and J.A. Folayan
  This study employs the econometric co-integration technique as analytical tool in an attempt to empirically determine the efficiency of price information transmission between the central market (Ex-Lagos Price) and the source market (Ondo/Ekiti) for cocoa marketing in Nigeria between 1986 and 2003. Secondary data on prices of graded cocoa were collected from the Produce Departments of Ondo and Ekiti States’ Ministry of Agriculture and Rural Development as well as from the Central Bank of Nigeria (CBN), Federal office of Statistics (FOS) and International Cocoa Conference Organization (ICCO). The empirical results revealed that based on the parameters of market co-integration, price information on cocoa was found to be fairly adequately transmitted thus indicating that deregulation of the cocoa market has not reduced pricing efficiency in the cocoa markets in the study area.
  J.A. Folayan , A.E. Oguntade and K. Ogundari
  This study employs time series and price elasticity of supply as the analytical tools in an attempt to empirically examine the effects of deregulation policy on the output and price of cocoa beans pre- and post deregulation in Nigeria between 1981 and 2003. Secondary data sourced from published and unpublished materials from produce departments of cocoa producing states of Nigeria as well as from the Central Bank of Nigeria and Federal office of Statistics were used. The empirical results revealed that the output of cocoa declined steadily pre-deregulation from 174,000 metric tons in 1985 while the output increased post deregulation from 126,000 metric tons in 1987 to 268,000 in 1991 whereas the price increase pre-deregulation era from 1, 00 per metric tons in 1981 to 1,600 per metric tons in 1985 while the price increase post-deregulation are from 8,000 per metric ton in 1987 to 9,000 per metric tons in 1991. Also, the result of time series and price elasticity of supply analyses revealed fluctuating trend in prices and output of cocoa with output and prices of cocoa increasing more during the post deregulation than the pre-deregulation
  O.C. Ajewole and J.A. Folayan
  This study was conducted to analyze the potential for improving production efficiencies of farmers and to identify factors that influence such efficiencies in dry season leaf vegetable production in Ekiti State, Nigeria. A cross sectional data were collected with the aid of a structured questionnaire. Data were analyzed using a stochastic frontier production function model. The study revealed that about 54.40% of the farmers were 70% and above efficient. The return to scale of 1.112 was obtained indicating that the studied farmers were operating in stage 1 of the production surface (increasing return to scale). Household size, level of education, credit accessibility and extension visits were all found to contribute positively to technical efficiency while age, farming experience and off farm income reduces technical efficiency. The result further show that there exist opportunity to increase technical efficiency and productivity at the present level of inputs.
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