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Transmission Des Prix Et Asymétrie Sur Les Marchés De Produits Vivriers Au Bénin

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  • Rose FIAMOHE

    ()
    (Africa Rice Center (AfricaRice), 01 BP 2031 Cotonou, Benin)

  • Bruno HENRY de FRAHAN

    ()
    (Earth and Life Institute, Université catholique de Louvain, Place de la Croix du Sud 2, 1348 Louvain-la-Neuve, Belgique)

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    Abstract

    This paper examines price transmission between the retail market of Cotonou and rural markets of several food products in Benin. The use of Enders and Granger asymmetric model on the monthly price series from 1990 to 2005 shows that most rural food markets are symmetrically integrated to the retail market. The speed of price adjustments on the rural markets is however greater than the speed of price adjustments on the retail market of Cotonou. Merchant associations that are more active in the rural markets could explain such results. By consolidating their supply and chartering together their shipments, merchant associations facilitate trade between markets despite high transaction costs resulting from distances between markets and low quality of the road network. Through agreements on buying and selling prices of food products, these merchant associations exercise some market power on these markets.

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    File URL: http://region-developpement.univ-tln.fr/fr/pdf/R36/11-Fiamohe_Henry.pdf
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    Bibliographic Info

    Article provided by Region et Developpement, LEAD, Universite du Sud - Toulon Var in its journal Région et Développement.

    Volume (Year): 36 (2012)
    Issue (Month): ()
    Pages: 205-228

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    Handle: RePEc:tou:journl:v:36:y:2012:p:205-228

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    Postal: BP 132, 83957 La Garde Cédex
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    Web page: http://regionetdeveloppement.org/
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    Related research

    Keywords: PRICE TRANSMISSION; ASYMMETRY; FOOD MARKETS; MERCHANT ASSOCIATION; COTONOU; BENIN;

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    1. Meyer, Jochen, 2004. "Measuring market integration in the presence of transaction costs--a threshold vector error correction approach," Agricultural Economics, Blackwell, vol. 31(2-3), pages 327-334, December.
    2. Michel Simioni & Daniel Hassan, 2004. "Transmission des prix dans la filière des fruits et légumes: une application des tests de cointégration avec seuils," Économie rurale, Programme National Persée, vol. 283(1), pages 27-46.
    3. Goodwin, Barry K. & Piggott, Nicholas E., 1999. "Spatial Market Integration In The Presence Of Threshold Effects," 1999 Annual meeting, August 8-11, Nashville, TN 21489, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Alderman, Harold, 1992. "Intercommodity price transmittal : analysis offood markets in Ghana," Policy Research Working Paper Series 884, The World Bank.
    5. Hansen, B.E., 1991. "Inference when a Nuisance Parameter is Not Identified Under the Null Hypothesis," RCER Working Papers 296, University of Rochester - Center for Economic Research (RCER).
    6. Enders, Walter & Granger, C. W. J., 1998. "Unit Root Tests and Asymmetric Adjustment with an Example Using the Term Structure of Interest Rates," Staff General Research Papers 1388, Iowa State University, Department of Economics.
    7. Abdulai, Awudu, 2000. "Spatial price transmission and asymmetry in the Ghanaian maize market," Journal of Development Economics, Elsevier, vol. 63(2), pages 327-349, December.
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    12. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March.
    13. McNew, Kevin & Fackler, Paul L., 1997. "Testing Market Equilibrium: Is Cointegration Informative?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(02), December.
    14. Jochen Meyer & Stephan Cramon-Taubadel, 2004. "Asymmetric Price Transmission: A Survey," Journal of Agricultural Economics, Wiley Blackwell, vol. 55(3), pages 581-611.
    15. Adegbidi, Anselme & Dedehouanou, Houinsou & Kpenavoun, Sylvain & Lutz, Clemens, 2003. "Dix Ans de Libéralisation du Marché de Mais au Bénin," CDS Research Reports 200320, University of Groningen, Centre for Development Studies (CDS).
    16. Xia Tian, 2009. "Asymmetric Price Transmission, Market Power, and Supply and Demand Curvature," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 7(1), pages 1-25, July.
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