Grain transport and rural credit in Mozambique: solving the space-time problem
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.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- 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.
- 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).
- C. Arndt & H. T. Jensen & S. Robinson & F. Tarp, 2000. "Marketing Margins and Agricultural Technology in Mozambique," Journal of Development Studies, Taylor & Francis Journals, vol. 37(1), pages 121-137.
- Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-97, September.
- E. Leigh Bivings, 1997. "The Seasonal and Spatial Dimensions of Sorghum Market Liberalization in Mexico," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 383-393.
- Jones, William O., 1984. "Economic Tasks for Food Marketing Boards in Tropical Africa," Food Research Institute Studies, Stanford University, Food Research Institute, issue 02.
- Bob Baulch, 1997. "Transfer Costs, Spatial Arbitrage, and Testing for Food Market Integration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 477-487.
- Rutherford, Thomas F., 1995. "Extension of GAMS for complementarity problems arising in applied economic analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 19(8), pages 1299-1324, November.
- Adelman, Irma, 1984. "Beyond export-led growth," World Development, Elsevier, vol. 12(9), pages 937-949, September.
- Adelman, Irma, 1984. "Beyond export-led growth," CUDARE Working Paper Series 309, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
- Willig, Robert D, 1979. "Consumer's Surplus without Apology: Reply," American Economic Review, American Economic Association, vol. 69(3), pages 469-74, June.
- 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.
- 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.
- Timmer, C. Peter, 1974. "A Model of Rice Marketing Margins in Indonesia," Food Research Institute Studies, Stanford University, Food Research Institute, issue 02.
- McKenzie, George W, 1979. "Consumer's Surplus without Apology: Comment," American Economic Review, American Economic Association, vol. 69(3), pages 465-68, June.
- 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.
- 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.
- Takayama, T. & Uri, Noel, 1983. "A note on spatial and temporal price and allocation modeling : Quadratic programming or linear complementary programming?," Regional Science and Urban Economics, Elsevier, vol. 13(4), pages 455-470, November.
When requesting a correction, please mention this item's handle: RePEc:eee:agecon:v:25:y:2001:i:1:p:59-70. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.