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Maize Market Liberalisation in Benin: A Case of Hysteresis

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  • Clemens Lutz
  • W. Erno Kuiper
  • Aad van Tilburg

Abstract

This article analyses the effect of 10 years of 'liberalisation' policy on price integration in the Beninese maize market. The comparison of price series for two periods, before and after the policy change, shows that the expected positive effect is not confirmed by co-integration analysis. Though markets were, and are, integrated in the long run, the sluggish speed of adjustment has not improved, which is why observed price differences between market places are often larger than marketing costs can justify. We conclude that the liberalisation policies did not significantly affect maize market integration and that, therefore, more effective policy instruments are required in order to strengthen the competitive forces in the market. Copyright 2007, Oxford University Press.

Suggested Citation

  • Clemens Lutz & W. Erno Kuiper & Aad van Tilburg, 2007. "Maize Market Liberalisation in Benin: A Case of Hysteresis," Journal of African Economies, Centre for the Study of African Economies, vol. 16(1), pages 102-133, January.
    • Handle: RePEc:oup:jafrec:v:16:y:2007:i:1:p:102-133
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    Cited by:

    1. Zant, Wouter, 2010. "Market Integration with Transaction Costs in Developing Country Staple Food Markets: the Case of the Malawi Maize market," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95777, African Association of Agricultural Economists (AAAE).
    2. Siera Vercillo & Sheila Rao & Rosalind Ragetlie & Jennifer Vansteenkiste, 2023. "Nourishing the Nexus: A Feminist Analysis of Gender, Nutrition and Agri-food Development Policies and Practices," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(6), pages 1261-1293, December.
    3. Wouter Zant, 2013. "How Is the Liberalization of Food Markets Progressing? Market Integration and Transaction Costs in Subsistence Economies," The World Bank Economic Review, World Bank, vol. 27(1), pages 28-54.
    4. Guillaume Pierre & Jonathan Kaminski, 2019. "Cross country maize market linkages in Africa: integration and price transmission across local and global markets," Agricultural Economics, International Association of Agricultural Economists, vol. 50(1), pages 79-90, January.
    5. Ling, Kai & Deb, Prokash & Li, Wenying, 2023. "Global Food Price Volatility Spillover from International to Domestic Markets," 2023 Annual Meeting, July 23-25, Washington D.C. 335869, Agricultural and Applied Economics Association.

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