Analyzing grain market efficiency in developing countries
Abstract"This paper discusses a modeling approach that extends and improves the standard parity bounds model (PBM) of spatial market efficiency by analyzing the dynamic effects of marketing policy changes. The model facilitates an improved understanding of the patterns of adjustment in grain marketing efficiency in response to policy changes in two main ways. First, it identifies whether there are statistically significant structural changes in trading regime probabilities as a result of a given marketing policy change. Second, it determines the time path of the response of spatial grain market efficiency to marketing policy changes, thus addressing the issue of how long will it take before the full effect of marketing policy change is realized on spatial grain market efficiency." from Abstract
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Food Policy Research Institute (IFPRI) in its series MTID discussion papers with number 63.
Date of creation: 2003
Date of revision:
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.