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Grain transport and rural credit in Mozambique: solving the space-time problem

  • Arndt, Channing
  • Schiller, Rico
  • Tarp, Finn

This paper shows how credit market failures can lead to large welfare losses in grain markets by inducing increased transport for seasonal storage in locations with low credit costs. The burden of these welfare losses falls primarily on rural households. These conclusions are obtained from a spatial/temporal model solved using a mixed complementarity formulation that easily handles interest rate differentials across space. Efforts to address credit market failures and to improve the efficiency of rural storage should be given priority as opposed to the creation of large, formal sector grain collection centers. © 2001 Elsevier Science B.V. All rights reserved.

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Article provided by Blackwell in its journal Agricultural Economics.

Volume (Year): 25 (2001)
Issue (Month): 1 (June)
Pages: 59-70

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Handle: RePEc:eee:agecon:v:25:y:2001:i:1:p:59-70
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  1. William A. Masters & Paul V. Preckel, 1997. "A Spatial Analysis of Maize Marketing Policy Reforms in Zambia," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 514-523.
  2. Arndt, Channing & Jensen, Henning Tarp & Robinson, Sherman & Tarp, Finn, 1999. "Marketing margins and agricultural technology in Mozambique:," TMD discussion papers 43, International Food Policy Research Institute (IFPRI).
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  10. Willig, Robert D, 1979. "Consumer's Surplus without Apology: Reply," American Economic Review, American Economic Association, vol. 69(3), pages 469-74, June.
  11. Masters, William A. & Nuppenau, Ernst-August, 1993. "Panterritorial versus regional pricing for maize in Zimbabwe," World Development, Elsevier, vol. 21(10), pages 1647-1658, October.
  12. Tsunemasa Kawaguchi & Nobuhiro Suzuki & Harry M. Kaiser, 1997. "A Spatial Equilibrium Model for Imperfectly Competitive Milk Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 851-859.
  13. Timmer, C. Peter, 1974. "A Model of Rice Marketing Margins in Indonesia," Food Research Institute Studies, Stanford University, Food Research Institute, issue 02.
  14. McKenzie, George W, 1979. "Consumer's Surplus without Apology: Comment," American Economic Review, American Economic Association, vol. 69(3), pages 465-68, June.
  15. Channing Arndt & Henning Tarp Jensen & Finn Tarp, 2000. "Stabilization and structural adjustment in Mozambique: an appraisal," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(3), pages 299-323.
  16. Brennan, Donna & Williams, Jeffrey & Wright, Brian D, 1997. "Convenience Yield without the Convenience: A Spatial-Temporal Interpretation of Storage under Backwardation," Economic Journal, Royal Economic Society, vol. 107(443), pages 1009-22, July.
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