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| Badiane, Ousmane; Shively, Gerald E.. |
| This paper investigates the respective roles of spatial integration and arbitrage costs in explaining the adjustment of local prices to policy changes using the example of Ghana. We introduce a model of price formation and market integration that incorporates the price transmission process between local and central markets and also captures the implications for volatility of local prices. We explore the implications of the model for the time-path of price adjustments, as determined directly and indirectly through the marketing sector. We show that the price-adjustment process in a local market is determined by the degree of interdependence between that market and the central market in which price-shock originates, and estimate the intertemporal and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; Demand and Price Analysis. |
| Ano: 1997 |
URL: http://purl.umn.edu/102543 |
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| Badiane, Ousmane. |
| The response of local markets to sectoral and macroeconomic policy changes is a key determinant of the long term impact of policy reforms on reforming economies. In other words, changes in arbitrage costs that are associated with policy reforms as well as the level of integration among local markets exert a strong influence of the economic outcome of reform programs. The objective of this paper is to explore this question theoretically and empirically. A model that can be used to capture the long term process that is involved has been developed and tested using data from Ghana. The model is later applied to analyze the outcomes of further liberalization of groundnut markets in Senegal. The findings highlights the potential cost of failing to pay sufficient... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 1998 |
URL: http://purl.umn.edu/91854 |
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| Badiane, Ousmane. |
| African countries tend to be affected by global agricultural policies in the same way as other economies but with much more severe economy-wide repercussions. Most African countries find themselves at the lower end of the economic growth process, which implies a much greater dependence of overall economic growth on domestic demand, agricultural incomes, and agricultural trade. They tend to be characterized by a higher degree of trade openness, increasing dependency on food imports, heavy reliance on agricultural exports for foreign exchange earnings, and lower absorption capacities of global market shocks. These features do not only make African economies more vulnerable to distortions and changes in global trading policies in the agricultural sector. They... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/42812 |
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| Badiane, Ousmane. |
| Au bout d’une décennie de Nouvelle Politique Agricole, l’économie arachidière se trouve dans une situation de morosité sans précédent. Et comme l'a bien reconnu le rapport du Groupe de Reflexion Stratégique, qui a été mis sur pied par le ministre de l'agriculture, il faudra, pour relancer le secteur, rompre avec les approches productivistes, qui consistent à vouloir augmenter les surfaces et les productions sans trop se soucier de la rentabilité au niveau de tous les stades de la filière. Les politiques de prix et de commercialisation font partie des facteurs principaux qui affectent les niveau de rentabilité et de compétitivité au sein de la filière arachidière. La réforme de ces politiques devra donc nécessairement faire partie du débat sur la relance du... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 1997 |
URL: http://purl.umn.edu/91856 |
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| Badiane, Ousmane; Nuppenau, Ernst-August. |
| Although the techniques that are being used have become much more sophisticated, recent methodological developments in market research have hardly gone beyond the econometric test of market integration. While more efficient methods are being proposed to analyze price interdependence, the implications at the farm level and for agricultural transformation are not part of the analysis. However, one would expect reforming governments to be more interested in issues such as i) the implications of market integration for the operation of local markets, ii) its impact on the process of domestic market reforms, iii) strategies to improve the degree of integration, and iv) the benefits of doing so. It is well known that the ultimate at the local level of changes in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing. |
| Ano: 1997 |
URL: http://purl.umn.edu/102548 |
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| Badiane, Ousmane. |
| A major limitation of the conventional market integration analysis is its neglect of the factors that underlie the cost associated with moving commodities across local markets. For instance, the existence of integrated markets implied by interdependently determined prices and stable spatial and temporal price spreads does not say much about the competitiveness and efficiency of local markets, or about the nature and determinants of the costs of market intermediation. Furthermore, while more efficient methods are being proposed to analyze price interdependence, the implications at the farm level and for agricultural transformation are not part of the analysis. One would, however, expect reforming governments to be more interested in issues such as i) the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade; Marketing. |
| Ano: 1997 |
URL: http://purl.umn.edu/102538 |
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