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| Registros recuperados: 46 | |
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| Zant, Wouter. |
| We investigate measurement of market integration of staple food markets in developing countries. The analysis takes the Parity Bound Model as starting point and modifies this model by parameterizing and estimating transaction costs. The specification of transaction costs takes account of transport costs, fixed source costs, fixed destination costs, ad valorem taxes & levies and seasonality an is implemented on the basis of a specific sub-sample of price differentials. Price differentials combined with predicted transaction costs enable the measurement of market integration for each location and each period. The proposed method is applied to the Malawi maize market with monthly data from June 1999 to October 2009 for 26 districts. This period covers two... |
| Tipo: Journal Article |
Palavras-chave: Food markets; Transaction costs; Trade; Market integration; Parity Bound Model; Malawi; Africa; Crop Production/Industries; Marketing; F14; Q13. |
| Ano: 2010 |
URL: http://purl.umn.edu/95777 |
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| Pendell, Dustin L.; Schroeder, Ted C.. |
| Geographic fed cattle markets are important because cattle are bulky and perishable, and production and consumption areas are separated. These characteristics make cattle transportation costly and can contribute to segmented markets. This study uses USDA-AMS reported fed cattle market price data from five U.S. regional fed cattle markets to investigate the effects of mandatory price reporting on spatial market integration. Results indicate these markets have been, and remain, highly cointegrated after implementation of mandatory price reporting (MPR). Following introduction of mandatory price reporting, the five regional fed cattle markets have become more fully integrated (i.e., prices tend to move more closely one-for-one following introduction of MPR). |
| Tipo: Journal Article |
Palavras-chave: Cattle markets; Cointegration; Mandatory price reporting; Market integration; Regime shift; Livestock Production/Industries; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/8622 |
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| Onyuma, Samuel O.; Icart, Eric; Owuor, George. |
| This paper is based on a survey of thirty-one market actors from producing and consumption markets in Kenya. The data was collected through personal interviews. In analyzing integration of p ineapple markets we use Ravallion-type model. Results show that pineapple market in Kenya is oligopsonistic in nature with aspects of collusion amongst the urban middlemen and local market traders thus barring further entry by oth er potential actors. There was little market integration between urban markets and producing markets, and no integration between the rural producing markets. However, model results show that information flow between production and consumption markets significantly influence market integration, an indicator for efficiency in resource... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing Channel; Marketing efficiency; Market integration; Crop Production/Industries; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/25622 |
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| van Campenhout, Bjorn. |
| Pushed by increasing availability of price data and extensive market liberalisation efforts in many developing countries, research on food market integration has evolved rapidly over the last two decades. Empirical methods to measure market integration diverged in two directions: on the one hand, there is the Parity Bounds Model (PBM), while on the other hand the use of Threshold Autoregressive (TAR) Models has been proposed. This article provides a discussion of the two methods and argues that TAR models are more able to capture the dynamics of the arbitrage process underlying interconnected markets. Furthermore, we extend the standard TAR model to include a time trend in both the threshold and the adjustment parameter. Using weekly maize price data on... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Market integration; Transaction costs; Thresholds; Maize; Tanzania; Agribusiness; F15; O18. |
| Ano: 2005 |
URL: http://purl.umn.edu/24718 |
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| Jordan, Kenrick H.; VanSickle, John J.. |
| Alternative hypotheses of market integration in the U.S. winter market for fresh tomatoes were evaluated using a dynamic model of spatial price adjustment. The results showed that while Florida and Mexico were integrated in the same market, a price change in one area was not instantaneously reflected in the other. Lagged effects were important with long-run integration being supported for both Florida and Mexico and short-run integration for Mexico. However, the information flow, while relatively efficient, was not symmetric. Florida was found to be dominant in the price formation process with Mexico responding to changes in the Florida price. |
| Tipo: Journal Article |
Palavras-chave: Florida; Market integration; Mexico; Pricing; Tomatoes; Marketing. |
| Ano: 1995 |
URL: http://purl.umn.edu/15349 |
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| Registros recuperados: 46 | |
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