A Standard Study to Estimate the Demand and Supply of Maize in Egypt
2021
Mahmoud Hassan Abdallah | Mosaad Ragab | Mohamed AbdelFatah | El-Sayed El-Khishin
The agricultural sector is the main pillar of the Egyptian economic structure, as it represents main source of food and clothing. In addition, it contributes to of the national income and Egypt faces a deficit in agricultural production, on the other hand consumption exceeds local production, and food is considered a vital necessity for people that cannot be dispensed. This research includes the statistical assessment of the macroeconomic econometric model of the variables of demand and supply of maize during the period (2005-2019), and the problem has become one of the most important problems threatening development in Egypt It has dangerous dimensions for the agricultural sector in particular and for the Egyptian economy in general, and that Egypt is still suffering from a food gap in most food commodities in a way that threatens Egyptian food security, as the equation of imports of corn shows that the volume of imports decreases by about 0.31%, 0.70% each An increase in the import price in dollars per ton, the average per capita production of the current year by 1%, meaning that the most influential variable in the volume of imports of corn in a particular year was the import price in dollars per ton, the average per capita production. It was also found that about 65% of the changes in imports of corn are due to the change in the independent variables under study, and that the average imports, production, and consumption of maize during the same period is 10.39, 6.67, 17.60 million tons, respectively, 15 % increase in the import price causes decreased in the quantity imported by 0.31%, The average of imports, production, and consumption of maize during the same period was 10.66, 7.70 and 17.80 million tons, respectively.
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