Maize Market Liberalisation in Benin: A Case of Hysteresis

Lutz, Clémens; Kuiper, W.E.; Tilburg, A. van

doi:10.1093/jae/ejk008

Cited by 33 publications

(15 citation statements)

References 30 publications

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“…Similarly, Rashid () and Lutz et al. () report no conclusive evidence of a unique integrated maize market in Uganda and Benin, respectively. However, domestic integration among Ethiopian maize markets rapidly increased over the years as a result of lower transaction costs and faster price adjustments (Minten et al., ).…”

Section: Maize Market Integration In Sub‐saharan Africamentioning

confidence: 97%

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

Pierre

Kaminski

2018

Agricultural Economics

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In order to study short-run price shock propagation, we model twenty seven Sub-Saharan Africa (SSA) domestic maize markets within a Global Vector Autoregression 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 significant between-country market contagion and prompt regional price shock propagation when trade connection exists. Yet, the integration of SSA domestic maize markets within the continent and with global markets remains generally weak. Furthermore, under regular market conditions, most local price series appear to be more responsive to regional neighbors than to global shocks.JEL classifications: C13, C15, C32, Q10, Q11

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Section: Maize Market Integration In Sub‐saharan Africamentioning

confidence: 97%

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

Pierre

Kaminski

2018

Agricultural Economics

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“…There is a large body of research on the transmission of prices between markets within developing countries (see Baulch 1997;Abdulai 2000;Rashid 2004;Lutz et al 2006;Negassa and Myers 2007;Van Campenhout 2007;Myers 2008;Moser et al 2009). Most of these studies used cointegration analysis in the form of error correction models, although some of the more recent studies applied threshold cointegration models and asymmetric response to positive and negative price shocks (e.g., Meyer and von Cramon-Taubadel 2004).…”

Section: Previous Research On Transmission Of Prices and Volatilitymentioning

confidence: 99%

Transmission of Food Price Volatility from International to Domestic Markets: Evidence from Africa, Latin America, and South Asia

Ceballos

Hernandez

Minot

et al. 2016

Food Price Volatility and Its Implications for Food Security and Policy

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“…Benin provides a good example: From 1991 to the early 2000s most sectors of the economy were liberalized under a structural adjustment program (Lutz, Kuiper, and van Tilburg 2006), and the food market was deregulated by the restructuring of the cereal marketing board (Office National d'Appui à la Sécurité Alimentaire) (Badiane 2000). These reforms were aimed at strengthening the private market by introducing transparency, strengthening competition, and improving market integration.…”

Section: Active Support Of the Private Sector In Food Staplesmentioning

confidence: 99%