Characteristics and Behavior of African Commodity/Product Markets and Market Institutions and Their Consequences for Economic Growth
This study examines the characteristics and behaviour of key commodity/product markets and market institutions in Africa and their consequences for economic growth. Their contribution to economic growth appears to have been limited by high transaction costs and weak institutions. Government heavy intervention, persistent shortages of market infrastructure and lack of effective market information system, all contribute to the seemingly high transaction costs in these markets.
|Date of creation:||Jan 2000|
|Date of revision:|
|Contact details of provider:|| Postal: Center for International Development at Harvard University (CID). 79 John F. Kennedy Street, Cambridge, MA 02138.|
Web page: http://www.cid.harvard.edu/cidwp/
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- Deaton, Angus & Miller, Ron, 1996.
"International Commodity Prices, Macroeconomic Performance and Politics in Sub-Saharan Africa,"
Journal of African Economies,
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- Calvo, C.M., 1998. "Options for Managing and Financing Rural Transport Infrastructure," Papers 411, World Bank - Technical Papers.
- repec:fth:oxesaf:97-2.1 is not listed on IDEAS
- Barrett, Christopher B., 1997. "Food marketing liberalization and trader entry: Evidence from Madagascar," World Development, Elsevier, vol. 25(5), pages 763-777, May.
- Cleaver, K., 1993. "A Strategy to Develop Agriculture in Sub-Saharan Africa and a Focus for the World Bank," Papers 203, World Bank - Technical Papers.
- Joseph E. Stiglitz, 1985. "Economics of Information and the Theory of Economic Development," NBER Working Papers 1566, National Bureau of Economic Research, Inc.
- P. T. Bauer & B. S. Yamey, 1954. "The Economics of Marketing Reform," Journal of Political Economy, University of Chicago Press, vol. 62, pages 210.
- Ghura, Dhaneshwar, 1995. "Macro Policies, External Forces, and Economic Growth in Sub-Saharan Africa," Economic Development and Cultural Change, University of Chicago Press, vol. 43(4), pages 759-78, July.
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