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The Theory of Contested Markets and the Degree of Tradedness of Agricultural Commodities: An Empirical Test in Zaire

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  • Kyle, Steven C
  • Swinnen, Johan

Abstract

The theory of contestable markets is used to derive predictions of the extent to which agricultural commodities behave as traded or non-traded goods. These predictions are confirmed with Zairian data which show that there is wide variation in the response of domestic commodity prices to real exchange rate changes. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Kyle, Steven C & Swinnen, Johan, 1994. "The Theory of Contested Markets and the Degree of Tradedness of Agricultural Commodities: An Empirical Test in Zaire," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 3(1), pages 93-113, April.
  • Handle: RePEc:oup:jafrec:v:3:y:1994:i:1:p:93-113
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    Cited by:

    1. Delgado, Christopher L., 1995. "Agricultural diversification and export promotion in sub-Saharan Africa," Food Policy, Elsevier, vol. 20(3), pages 225-243, June.
    2. Delgado, Christopher L. & Hopkins, Jane & Kelly , Valerie & Hazell, P. B. R. & McKenna, Anna A. & Gruhn, Peter & Hojjati, Behjat & Sil, Jayashree & Courbois, Claude, 1998. "Agricultural growth linkages in Sub-Saharan Africa:," Research reports 107, International Food Policy Research Institute (IFPRI).
    3. Escobal, Javier, 2005. "The Role of Public Infraestructure in Market Development in Rural Peru," MPRA Paper 727, University Library of Munich, Germany.
    4. Christopher Delgado & Nicholas Minot & Marites Tiongco, 2005. "Evidence and Implications of Non-Tradability of Food Staples in Tanzania 1983-98," Journal of Development Studies, Taylor & Francis Journals, vol. 41(3), pages 376-393.
    5. Delgado, Christopher L. & Minot, Nicholas & Tiongco, Marites M., 2003. "Evidence And Implications Of Non-Tradability Of Food Staples In Tanzania 1983-1998," 2003 Annual meeting, July 27-30, Montreal, Canada 22102, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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