IDEAS home Printed from https://ideas.repec.org/a/ags/ajaees/357298.html

Market Integration and Price Dynamics of Sesame in Nasarawa State, Nigeria

Author

Listed:
  • Anzaku, T. A. K.
  • Chidebelu, S. A. N. D.
  • Achike, A. I.

Abstract

The study was to principally determine the efficiency of the marketing system of sesame in Nasarawa State, Nigeria. This is to provide empirical knowledge on the level of efficiency and competitiveness useful for improving the marketing system for economic development. Analysis of spatial integration of 13 main rural and urban sesame markets was carried out in Nasarawa State of Nigeria, covering all the agricultural zones of the State. Time series data used in the analysis were monthly retail prices of sesame collected by Nasarawa Agricultural Development Programme (NADP) for 84 months. Cointegration analysis and error correction model (ECM) were the main analytical tools used. Steps to cointegration analysis involved augmented Dickey Fuller (ADF), Granger causality and augmented Engle Granger (AEG) tests on the retail prices from the 13 markets. Results showed that retail price series in many sesame markets were segmented. Only 34 pairs of market prices (about 21.8%) were integrated and the rate of price adjustment within one month was very high in nearly all the integrated pairs. Reversing the trend and improving efficiency will certainly involve, among others things, improving infrastructure such as rural roads and providing market information outfit that will disseminate timely information to the marketers.

Suggested Citation

  • Anzaku, T. A. K. & Chidebelu, S. A. N. D. & Achike, A. I., 2015. "Market Integration and Price Dynamics of Sesame in Nasarawa State, Nigeria," Asian Journal of Agricultural Extension, Economics & Sociology, Asian Journal of Agricultural Extension, Economics & Sociology, vol. 9(1).
    • Handle: RePEc:ags:ajaees:357298
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/357298/files/Anzaku912015AJAEES22312.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gabre-Madhin, Eleni Z., 2001. "Market institutions, transaction costs, and social capital in the Ethiopian grain market," Research reports 124, International Food Policy Research Institute (IFPRI).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gelo, Dambala, 2020. "Forest commons, vertical integration and smallholder’s saving and investment responses: Evidence from a quasi-experiment," World Development, Elsevier, vol. 132(C).
    2. Ning Wang, 2007. "Measuring Transaction Costs: Diverging Approaches, Contending Practices," Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 111-146.
    3. Shunji Oniki & Melaku Berhe & Teklay Negash, 2020. "Role of Social Norms in Natural Resource Management: The Case of the Communal Land Distribution Program in Northern Ethiopia," Land, MDPI, vol. 9(2), pages 1-17, January.
    4. Tanguy Bernard & Alemayehu Seyoum Taffesse & Eleni Gabre‐Madhin, 2008. "Impact of cooperatives on smallholders' commercialization behavior: evidence from Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 39(2), pages 147-161, September.
    5. Quattri, Maria & Ozanne, Adam & Beyene, Seneshaw Tamru, 2012. "The brokerage institution and the development of agricultural markets: New evidence from Ethiopia," ESSP working papers 36, International Food Policy Research Institute (IFPRI).
    6. Kornher, Lukas & Kalkuhl, Matthias, 2013. "Food Price Volatility in Developing Countries and its Determinants," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 52(4), pages 1-32, November.
    7. Mina Baliamoune‐Lutz & George Mavrotas, 2009. "Aid Effectiveness: Looking at the Aid–Social Capital–Growth Nexus," Review of Development Economics, Wiley Blackwell, vol. 13(3), pages 510-525, August.
    8. Minten, Bart & Tamru, Seneshaw & Legesse, Ermias Engida & Kuma, Tadesse, 2018. "Supply chain from production areas to Addis Ababa," IFPRI book chapters, in: The economics of teff: Exploring Ethiopia’s biggest cash crop, chapter 11, pages 263-298, International Food Policy Research Institute (IFPRI).
    9. Cyrille Kamdem, 2016. "Collective Marketing and Cocoa Farmer's Price in Cameroon," Economics Bulletin, AccessEcon, vol. 36(4), pages 2535-2555.
    10. Byerlee, Derek & Spielman, David J. & Alemu, Dawit & Gautam, Madhur, 2007. "Policies to promote cereal intensification in Ethiopia: A review of evidence and experience," IFPRI discussion papers 707, International Food Policy Research Institute (IFPRI).
    11. Latynskiy, Evgeny & Berger, Thomas, 2012. "An Agent-Based Network Approach For Understanding, Analyzing And Supporting Rural Producer Organizations In Agriculture," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137383, German Association of Agricultural Economists (GEWISOLA).
    12. Diao, Xinshen & Nin-Pratt, Alejandro & Gautam, Madhur & Keough, James & Chamberlin, Jordan & You, Liangzhi & Puetz, Detlev & Resnick, Danielle & Yu, Bingxin, 2005. "Growth options and poverty reduction in Ethiopia: a spatial, economy-wide model analysis for 2004-2015," DSGD discussion papers 20, International Food Policy Research Institute (IFPRI).
    13. Bart Minten & David Stifel & Seneshaw Tamru, 2014. "Structural Transformation of Cereal Markets in Ethiopia," Journal of Development Studies, Taylor & Francis Journals, vol. 50(5), pages 611-629, May.
    14. Douglas W. Allen, 2006. "Theoretical Difficulties With Transaction Cost Measurement," Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 1-14.
    15. Ronald Kabbiri & Manoj Dora & Gabriel Elepu & Xavier Gellynck, 2016. "A Global Perspective of Food Market Integration: A Review," Agrekon, Taylor & Francis Journals, vol. 55(1-2), pages 62-80, June.
    16. Kuzmin, Evgeny A. & Berdyugina, Oksana N. & Karkh, Dmitri A., 2015. "Conceptual Challenges of Observability for Transaction Sector in Economy," MPRA Paper 66168, University Library of Munich, Germany, revised Jun 2015.
    17. Schmidt, Emily & Chinowsky, Paul & Robinson, Sherman & Strzepek, Kenneth M., 2014. "Determinants and impact of sustainable land and watershed management investments: A systems evaluation in the Blue Nile Basin, Ethiopia," ESSP working papers 62, International Food Policy Research Institute (IFPRI).
    18. Ayako Ebata, 2022. "Social embeddedness of pig value chains in Myanmar and its implications for food and nutrition security," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 14(4), pages 965-976, August.
    19. Rashid, Shahidur & Negassa, Asfaw, 2012. "Policies and performance of Ethiopian cereal markets," IFPRI book chapters, in: Food and agriculture in Ethiopia: Progress and policy challenges, chapter 5, International Food Policy Research Institute (IFPRI).
    20. Brian Dillon & Chelsey Dambro, 2017. "How Competitive Are Crop Markets in Sub-Saharan Africa?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(5), pages 1344-1361.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ajaees:357298. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://journalajaees.com/index.php/AJAEES/index .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.