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Characteristics and Behavior of African Commodity/Product Markets and Market Institutions and Their Consequences for Economic Growth

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Author Info
Afeikhena Jerome
Olawale Ogunkola
Abstract

This study examines the characteristics and behaviour of key commodity/product markets and market institutions in Africa and their consequences for economic growth. Their contribution to economic growth appears to have been limited by high transaction costs and weak institutions. Government heavy intervention, persistent shortages of market infrastructure and lack of effective market information system, all contribute to the seemingly high transaction costs in these markets.

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Paper provided by Center for International Development at Harvard University in its series CID Working Papers with number 35.

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Date of creation: Jan 2000
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Handle: RePEc:wop:cidhav:35

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Related research
Keywords: markets; transaction costs; institutions.;

Find related papers by JEL classification:
F1 - International Economics - - Trade
L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
N1 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations
N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Barrett, Christopher B., 1997. "Food marketing liberalization and trader entry: Evidence from Madagascar," World Development, Elsevier, vol. 25(5), pages 763-777, May. [Downloadable!] (restricted)
  2. Deaton, Angus & Miller, Ron, 1996. "International Commodity Prices, Macroeconomic Performance and Politics in Sub-Saharan Africa," Journal of African Economies, Oxford University Press, vol. 5(3), pages 99-191, October.
    Other versions:
  3. Jaffee, Steven & DEC, 1994. "Private trader response to market liberalization in Tanzania's cashew nut industry," Policy Research Working Paper Series 1277, The World Bank. [Downloadable!]
  4. Ghura, Dhaneshwar, 1995. "Macro Policies, External Forces, and Economic Growth in Sub-Saharan Africa," Economic Development and Cultural Change, University of Chicago Press, vol. 43(4), pages 759-78, July.
  5. Collier, P. & Gunning, J.W., 1997. "Explaining African Economic Performance," Working Papers Series 97-2.1, Centre for the Study of African Economies, University of Oxford.
    Other versions:
  6. Calvo, C.M., 1998. "Options for Managing and Financing Rural Transport Infrastructure," Papers 411, World Bank - Technical Papers.
  7. P. T. Bauer & B. S. Yamey, 1954. "The Economics of Marketing Reform," Journal of Political Economy, University of Chicago Press, vol. 62, pages 210. [Downloadable!] (restricted)
  8. Savvides, Andreas, 1995. "Economic growth in Africa," World Development, Elsevier, vol. 23(3), pages 449-458, March. [Downloadable!] (restricted)
  9. Cleaver, K., 1993. "A Strategy to Develop Agriculture in Sub-Saharan Africa and a Focus for the World Bank," Papers 203, World Bank - Technical Papers.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Sushil Mohan & Bill Russell, 2008. "Modelling Thirty Five Years Of Coffee Prices In Brazil, Guatemala And India," Discussion Papers 221, University of Dundee, Economic Studies. [Downloadable!]
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