The spatial integration of livestock markets in Niger
Livestock makes an important contribution to the livelihood of Sahelian farmers and herders and is a source of self-insurance against income shocks. By allocating livestock efficiently over space, spatial market integration should foster a sustainable use of pasture resources. It is also expected to...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
1996
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/28817 |
| _version_ | 1855516502534389760 |
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| author | Fafchamps, M. Gavian, S. |
| author_browse | Fafchamps, M. Gavian, S. |
| author_facet | Fafchamps, M. Gavian, S. |
| author_sort | Fafchamps, M. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Livestock makes an important contribution to the livelihood of Sahelian farmers and herders and is a source of self-insurance against income shocks. By allocating livestock efficiently over space, spatial market integration should foster a sustainable use of pasture resources. It is also expected to favour the sharing of risk across regions by smoothing idiosyncratic price variations. Using monthly livestock price data from Niger, we show that livestock markets are poorly integrated. Prices are seldom cointegrated, suggesting that large price differentials occasionally persist between adjacent areas for long periods of time. A parity bounds approach indicates that one has to assume high transportation costs and large quality variations to reconcile the data with efficient spatial arbitrage. These results confirm descriptive studies that have emphasised regional segmentation in West African livestock trade. |
| format | Journal Article |
| id | CGSpace28817 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1996 |
| publishDateRange | 1996 |
| publishDateSort | 1996 |
| record_format | dspace |
| spelling | CGSpace288172023-02-15T09:49:18Z The spatial integration of livestock markets in Niger Fafchamps, M. Gavian, S. livestock markets Livestock makes an important contribution to the livelihood of Sahelian farmers and herders and is a source of self-insurance against income shocks. By allocating livestock efficiently over space, spatial market integration should foster a sustainable use of pasture resources. It is also expected to favour the sharing of risk across regions by smoothing idiosyncratic price variations. Using monthly livestock price data from Niger, we show that livestock markets are poorly integrated. Prices are seldom cointegrated, suggesting that large price differentials occasionally persist between adjacent areas for long periods of time. A parity bounds approach indicates that one has to assume high transportation costs and large quality variations to reconcile the data with efficient spatial arbitrage. These results confirm descriptive studies that have emphasised regional segmentation in West African livestock trade. 1996 2013-05-06T07:01:29Z 2013-05-06T07:01:29Z Journal Article https://hdl.handle.net/10568/28817 en Limited Access Journal of African Economies;5(3): 366-405 |
| spellingShingle | livestock markets Fafchamps, M. Gavian, S. The spatial integration of livestock markets in Niger |
| title | The spatial integration of livestock markets in Niger |
| title_full | The spatial integration of livestock markets in Niger |
| title_fullStr | The spatial integration of livestock markets in Niger |
| title_full_unstemmed | The spatial integration of livestock markets in Niger |
| title_short | The spatial integration of livestock markets in Niger |
| title_sort | spatial integration of livestock markets in niger |
| topic | livestock markets |
| url | https://hdl.handle.net/10568/28817 |
| work_keys_str_mv | AT fafchampsm thespatialintegrationoflivestockmarketsinniger AT gavians thespatialintegrationoflivestockmarketsinniger AT fafchampsm spatialintegrationoflivestockmarketsinniger AT gavians spatialintegrationoflivestockmarketsinniger |