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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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| Molini, Vasco; Keyzer, Michiel A.; van den Boom, Bart; Zant, Wouter. |
| In West Africa, farm income is highly exposed to risks from crop failure in the drier, inland areas, and from fluctuations in (world market) prices in the wetter coastal areas. As individuals and even extended families are poorly equipped to deal with these, provision of social safety nets is required Our paper reviews the situation in Ghana and the way in which the new financial instrument of index-based insurance might contribute to better it, focusing on the estimation of a crop indemnification scheme for farmers in Northern Ghana. It recalls that in a poor rural area like Northern Ghana, provision of social safety almost coincides with food security management, and must, therefore, distinguish three basic subtasks: distributing income entitlements... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/9263 |
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