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The welfare cost of maize price volatility in Malawi

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  • Sassi, Maria

Abstract

This paper investigates conditional and unconditional maize price volatility in Malawi at the country and local-economy market levels and related welfare costs. The empirical analysis applies an ARCH/GARCH approach that uses monthly data from January 1991 to March 2013, and the welfare cost is estimated via the Lucas formula. The study findings underline the importance of the domestic factors in explaining maize price volatility and of seasonality in affecting the unconditional variance and welfare cost.

Suggested Citation

  • Sassi, Maria, 2015. "The welfare cost of maize price volatility in Malawi," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 4(1), pages 1-24, April.
    • Handle: RePEc:ags:aieabj:205049
    DOI: 10.22004/ag.econ.205049
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    Cited by:

    1. Powell Mponela & Girma T. Kassie & Lulseged D. Tamene, 2018. "Simultaneous adoption of integrated soil fertility management technologies in the Chinyanja Triangle, Southern Africa," Natural Resources Forum, Blackwell Publishing, vol. 42(3), pages 172-184, August.
    2. Maria Sassi, 2020. "Evidence of Between- and Within-Household Child Nutrition Inequality in Malawi: Does the Gender of the Household Head Matter?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(1), pages 28-50, January.
    3. Cornia, Giovanni Andrea & Deotti, Laura & Sassi, Maria, 2016. "Sources of food price volatility and child malnutrition in Niger and Malawi," Food Policy, Elsevier, vol. 60(C), pages 20-30.

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