The Theory of Contested Markets and the Degree of Tradedness of Agricultural Commodities: An Empirical Test in Zaire
AbstractThe theory of contestable markets is used to derive predictions of the extent to which agricultural commodities behave as traded or non-traded goods. These predictions are confirmed with Zairian data which show that there is wide variation in the response of domestic commodity prices to real exchange rate changes. Copyright 1994 by Oxford University Press.
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Bibliographic InfoArticle provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.
Volume (Year): 3 (1994)
Issue (Month): 1 (April)
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- Escobal, Javier, 2005. "The Role of Public Infraestructure in Market Development in Rural Peru," MPRA Paper 727, University Library of Munich, Germany.
- Delgado, Christopher L., 1995. "Agricultural diversification and export promotion in sub-Saharan Africa," Food Policy, Elsevier, vol. 20(3), pages 225-243, June.
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