An impact assessment of agriculture technological transfer from China to West Africa: A computable general equilibrium (CGE) dynamic approach

Abstract

China’s presence and influence in West Africa is on the rise, given China’s colossal investment in the sub-region’s economy. It is against this background that impact assessment was conducted by measuring the deviation between the baseline equilibrium against the policy scenarios of low and high agriculture technology transfer. The results of the study exemplify that for an effective impact on agriculture technology transfer to occur that will yield an increased rate of return, growth in capital stock, increase welfare, growth in sectoral output, increase in private household demand for sectoral output and value-added activities, West Africa must implement high agriculture technology transfer policy. The results for GDP and CPI indicates that some countries will be impacted positively by either adopting high or low agriculture technology from China. Given the overall results of the study, the sub-region must opt for high agriculture technology to ensure both economic and sectoral growth. Key words: Agriculture technology transfer, computable general equilibrium, China, West Africa.