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Spatial equilibrium, market integration and price exogeneity in dry fish marketingin Nigeria: A vector auto-regressive (VAR) approach

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  • E. Mafimisebi, Taiwo

    () (The Federal University of Technology, Akure, Nigeria)

Abstract

Fish is the cheapest animal protein source in Nigeria, and dry fish in particular has the potential to solve the pervasive protein shortage problem owing to its relative affordability compared with fresh fish. Boosting dry fish consumption will entail retail price reduction which is achievable only if the market for dry fish operates efficiently. This study, after testing and correcting price series for non-stationarity, modelled marketing efficiency in 66 pairs of spatially separated markets. The unit root test was used to reveal the order of econometric integration of the price series. All price series showed non-stationarity at their levels (P

Suggested Citation

  • E. Mafimisebi, Taiwo, 2012. "Spatial equilibrium, market integration and price exogeneity in dry fish marketingin Nigeria: A vector auto-regressive (VAR) approach," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 17(33), pages 31-37.
  • Handle: RePEc:ris:joefas:0048
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    Keywords

    Agricultural marketing; Market infrastructures; Retail price; Pricing efficiency;

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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