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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.

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  • 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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    5. Sidney Madsen, 2022. "Farm-level pathways to food security: beyond missing markets and irrational peasants," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 39(1), pages 135-150, March.
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    7. Huidan Xue & Chenguang Li & Liming Wang & Wen-Hao Su, 2021. "Spatial Price Transmission and Price Dynamics of Global Butter Export Market under Economic Shocks," Sustainability, MDPI, vol. 13(16), pages 1-24, August.
    8. Dalheimer, Bernhard & Fiankor, Dela-Dem Doe, 2022. "Food Production Shocks and Agricultural Supply Elasticities in Sub-Saharan Africa," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322168, Agricultural and Applied Economics Association.

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