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Market liberalization and integration of maize markets in Malawi

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  • Francesco Goletti
  • Suresh Babu

Abstract

The paper studies the extent of market integration of maize markets in Malawi in order to understand how it has been affected by market liberalization. Several measures of integration are introduced to analyze both the comovement of prices and the price adjustment process over time. Monthly retail prices of maize at eight main locations over the period January 1984 to December 1991 are considered. The main conclusion is that liberalization has increased market integration.

Suggested Citation

  • Francesco Goletti & Suresh Babu, 1994. "Market liberalization and integration of maize markets in Malawi," Agricultural Economics, International Association of Agricultural Economists, vol. 11(2-3), pages 311-324, December.
    • Handle: RePEc:bla:agecon:v:11:y:1994:i:2-3:p:311-324
    DOI: 10.1111/j.1574-0862.1994.tb00340.x
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