Spatial Market Integration: Definition, Theory, and Evidence

McNew, Kevin

doi:10.1017/s1068280500000010

Cited by 72 publications

(50 citation statements)

References 12 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…However, these transactions costs are assumed to be stationary and proportional to traded volumes to facilitate the construction of linear models. Relaxing this assumption calls for models that include thresholds (McNew 1996, Barrett and Li 2002, Brooks and Melyukhina 2003. Trade policies affect price transmission through intervention instruments such as nontariff barriers, tariff rate quotas, prohibitive tariffs, etc.…”

Section: Institutional Backgroundmentioning

confidence: 99%

Underlying Trends and International Price Transmission of Agricultural Commodities

Ghoshray

2011

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Atanu Ghoshray is a Lecturer in Economics at the University of Bath. The author thanks M.S. Gochoco-Bautista, S. Jha, and E. San Andres for insightful comments on an earlier version of the draft, and P. Quising for providing the data. This paper represents the views of the author, who accepts responsibility for any errors in the paper. The views expressed in this paper are those of the author(s) and do not necessarily reflect the views or policies of the Asian Development Bank. Terms of use: Documents in Asian DevelopmentThe ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

show abstract

Section: Institutional Backgroundmentioning

confidence: 99%

Underlying Trends and International Price Transmission of Agricultural Commodities

Ghoshray

2011

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…The main defenders of this school are: [15]- [20]. According to Mc New [17], linearity of bivariate was inappropriate to test the integration of markets. Mc New and Fackler [18] showed that the price series on two integrated markets were not necessarily co-integrated.…”

Section: Empirical Frameworkmentioning

confidence: 99%

Information Service and Integration of Maize Markets in Togo

Yovo¹

2015

View full text Add to dashboard Cite

In the framework of liberalization policies, a market information service (SIM) was created in 2008 in Togo. This public service entrusted in collecting and disseminating information about the mercurial of agricultural products aimed to improve the spatial integration of agricultural markets through the development of arbitrage. This paper assesses the impact of price dissemination on the spatial integration of maize markets. To this end, the weekly retail maize prices collected from 13 markets for the period without service ( To improve the efficiency of the service, it is necessary to understand the need of the sector's stakeholders in order to revise the current format of the market information service.

show abstract

“…Determining whether markets are integrated, and assessing the level of integration with statistical indicators, often requires setting somewhat arbitrary thresholds (e.g., Harriss 1979). In other words, as noted by McNew (1996), market integration is more frequently premised upon statistical criteria than economic phenomena.…”

Section: Market Integration and The 2004/5 Food Crisis In Nigermentioning

confidence: 99%

A geospatial analysis of market integration: the case of the 2004/5 food crisis in Niger

Shin

2010

Food Sec.

View full text Add to dashboard Cite

Food prices are an important component of the food security equation. Stable prices promote food security, whereas price instability and volatility can contribute to and exacerbate food crises. Understanding market integration, or the co-movement of prices between different markets, can therefore provide important insights into food security and threats to it. The value of a geographic perspective is illustrated through an examination of market integration with spatial analysis. Results from an analysis of the 2004/5 food crisis in Niger indicate that market integration in Niger tends to be local and deteriorates rapidly during shocks or periods of crisis.

show abstract

Spatial Market Integration: Definition, Theory, and Evidence

Cited by 72 publications

References 12 publications

Underlying Trends and International Price Transmission of Agricultural Commodities

Underlying Trends and International Price Transmission of Agricultural Commodities

Information Service and Integration of Maize Markets in Togo

A geospatial analysis of market integration: the case of the 2004/5 food crisis in Niger

Contact Info

Product

Resources

About