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Cross country maize market linkages in Africa: integration and price transmission across local and global markets

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  • Pierre, Guillaume
  • Kaminski, Jonathan

Abstract

We model twenty seven sub-Saharan African domestic maize markets within a Global Vector AutorRegression framework. The main purpose is to fully embed multilateral trade flows as a way to better structure local price transmission dynamics and interdependencies and get a more comprehensive picture of food price shocks propagation. We found a generally weak integration of domestic maize markets with regional and global markets. However, even in the absence of long run integration, between-country market contagion remains significant and short run price shocks propagate rapidly. Most local markets appear to be significantly more responsive to local than to global shocks.

Suggested Citation

  • Pierre, Guillaume & Kaminski, Jonathan, 2017. "Cross country maize market linkages in Africa: integration and price transmission across local and global markets," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261280, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaae17:261280
    DOI: 10.22004/ag.econ.261280
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    Cited by:

    1. Hailemariam Ayalew & Dagim G. Belay, 2020. "The Ethiopian Commodity Exchange and Spatial Price Dispersion: Disentangling Warehouse and Price Information effects," IFRO Working Paper 2020/01, University of Copenhagen, Department of Food and Resource Economics.

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    Agricultural and Food Policy; Marketing;

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