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Co-integration relationships among major gum arabic markets in Kano State, Nigeria

Author

Listed:
  • Yaro, A.M.
  • Musa, S.A.

Abstract

The study examined price co-movements of various grades of gum arabic in the major gum arabic markets in Kano State. Purposive sampling technique was employed to select five major markets in five local government areas and price time series data were collected weekly for fifty-two weeks from the various markets under study. The price information of the different grades of gum arabic were decomposed and subsequently subjected to cointegration procedure. The results revealed various levels and directions of price co-movements among the markets. The study concludes that gum arabic prices varied and co-moved between market pairs at different periods of the year. The study recommended that since most of the markets were co-integrated, establishment of a central market in the study area will further improve better pricing mechanism, collective bargaining and control. Buffer stock storage facilities could be provided by cooperative association in collaboration with the government and private sector.

Suggested Citation

  • Yaro, A.M. & Musa, S.A., 2017. "Co-integration relationships among major gum arabic markets in Kano State, Nigeria," Nigerian Journal of Agricultural Economics, Nigerian Journal of Agricultural Economics, vol. 7(1), October.
    • Handle: RePEc:ags:naaenj:268467
    DOI: 10.22004/ag.econ.268467
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