Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets
This study tests the long-run and short-run integration of maize markets in Malawi using the co-integration approach within the Vector Autoregressive modeling framework. The analysis is extended to Wald-F Granger Causality tests to see the direction of causality between maize markets. A total of six...
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2014
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| Acceso en línea: | https://hdl.handle.net/10568/149786 |
| _version_ | 1855525646664466432 |
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| author | Nyongo, Lovemore |
| author_browse | Nyongo, Lovemore |
| author_facet | Nyongo, Lovemore |
| author_sort | Nyongo, Lovemore |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study tests the long-run and short-run integration of maize markets in Malawi using the co-integration approach within the Vector Autoregressive modeling framework. The analysis is extended to Wald-F Granger Causality tests to see the direction of causality between maize markets. A total of six maize markets, two from each region, were analyzed. Three are urban markets, while two of the three rural markets are border markets. The study uses monthly maize retail prices for the period January 2000 to May 2008. Study findings show that nine out of the fifteen market pairs are integrated in the long-run, but the degree of short-run market integration is low, implying that the transmission of price information is slow. |
| format | Artículo preliminar |
| id | CGSpace149786 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1497862025-11-06T06:15:53Z Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets Nyongo, Lovemore transaction costs maize markets integration prices This study tests the long-run and short-run integration of maize markets in Malawi using the co-integration approach within the Vector Autoregressive modeling framework. The analysis is extended to Wald-F Granger Causality tests to see the direction of causality between maize markets. A total of six maize markets, two from each region, were analyzed. Three are urban markets, while two of the three rural markets are border markets. The study uses monthly maize retail prices for the period January 2000 to May 2008. Study findings show that nine out of the fifteen market pairs are integrated in the long-run, but the degree of short-run market integration is low, implying that the transmission of price information is slow. 2014 2024-08-01T02:49:57Z 2024-08-01T02:49:57Z Working Paper https://hdl.handle.net/10568/149786 en Open Access application/pdf International Food Policy Research Institute Nyongo, Lovemore. 2013. Maize price differences and evidence of spatial integration in Malawi. MaSSP Working Paper 3. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/149786 |
| spellingShingle | transaction costs maize markets integration prices Nyongo, Lovemore Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets |
| title | Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets |
| title_full | Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets |
| title_fullStr | Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets |
| title_full_unstemmed | Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets |
| title_short | Maize Price Differences and Evidence of Spatial Integration in Malawi: The case of selected markets |
| title_sort | maize price differences and evidence of spatial integration in malawi the case of selected markets |
| topic | transaction costs maize markets integration prices |
| url | https://hdl.handle.net/10568/149786 |
| work_keys_str_mv | AT nyongolovemore maizepricedifferencesandevidenceofspatialintegrationinmalawithecaseofselectedmarkets |