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Apple Market Integration: Implications for Sustainable Agricultural Development

Author

Listed:
  • Khalid Mushtaq

    (University of Agriculture, Faisalabad, Pakistan.)

  • Abdul Gafoor

    (University of Agriculture, Faisalabad, Pakistan.)

  • Maula Dad

    (University of Agriculture, Faisalabad, Pakistan.)

Abstract

In a market driven economy, price signals guide and regulate production, consumption and marketing decisions over time, form and place. Identifying the causes of price differences in interregional or spatial markets has therefore become an important economic analytical tool to understand markets better. If markets are not well integrated, price signals are distorted, which leads to an inefficient allocation of resources. Further, it may constrain sustainable agricultural development and aggravate inequitable patterns of income distribution. This paper examines the degree of spatial market integration in the regionalapple markets of Pakistan using cointegration analysis and monthly wholesale price data from January, 1996 to December, 2005. Results show that apple markets are perfectly integrated and Quetta is the dominating market. The high degree of market integration observed in this case is consistent with view that apple markets in Pakistan are quite competitive and provide little justification for government intervention designed to improve competitiveness to enhance market efficiency.

Suggested Citation

  • Khalid Mushtaq & Abdul Gafoor & Maula Dad, 2008. "Apple Market Integration: Implications for Sustainable Agricultural Development," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 13(1), pages 129-138, Jan-Jun.
    • Handle: RePEc:lje:journl:v:13:y:2008:i:1:p:129-138
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    File URL: http://121.52.153.179/JOURNAL/Vol13-No1/05%20Apple%20Market.pdf
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    Citations

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    Cited by:

    1. Zahoor Ahmad Shah & Mushtaq Ahmad Dar & Eajaz Ahmad Dar & Chukwujekwu A. Obianefo & Arif Hussain Bhat & Mohammed Tauseef Ali & Mohamed El-Sharnouby & Mustafa Shukry & Hosny Kesba & Samy Sayed, 2022. "Sustainable Fruit Growing: An Analysis of Differences in Apple Productivity in the Indian State of Jammu and Kashmir," Sustainability, MDPI, vol. 14(21), pages 1-24, November.
    2. Sahito, Jam Ghulam Murtaza, 2015. "Market integration of wheat in Pakistan," Discussion Papers 72, Justus Liebig University Giessen, Center for international Development and Environmental Research (ZEU).
    3. Wani, M.H. & Paul, Ranjit Kumar & Bazaz, Naseer H. & Manzoor, M., 2015. "Market integration and Price Forecasting of Apple in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 70(2), pages 1-13.
    4. Justin Kyalo & Lawrence Njoroge, 2015. "Market Integration as a Determinant of Household Decision-Making in the Production of Roselle Plant in Mwea Sub-County," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(10), pages 249-259, October.
    5. Ujjwal Kanti Paul & Gurudas Das & Avijit Debnath & Tanuj Mathur, 2016. "Market Integration and Price Leadership in India’s Onion Market," Review of Market Integration, India Development Foundation, vol. 8(1-2), pages 49-64, April.

    More about this item

    Keywords

    Market Integration; Cointegration; Apple; Pakistan;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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