Arbeitspapier
Proximity and price co-movement in West African rice markets
This study explores the link between proximity and price cointegration between two markets, where proximity is captured with variables for geographical, political and cultural distance. Linear and threshold cointegration is tested for a set of 756 rice market pairs in 6 West African countries, with threshold specifications accounting for transaction costs. Whether proximity influences price transmission is determined in a second step with a multinomial logistic regression. The estimation produces robust and statistically significant evidence of a link with air-line and road distance, international borders, contiguity and a common language. We conclude that proximity matters for market integration processes in West African rice markets.
- Language
-
Englisch
- Bibliographic citation
-
Series: GlobalFood Discussion Papers ; No. 38
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Organizational Behavior; Transaction Costs; Property Rights
Production, Pricing, and Market Structure; Size Distribution of Firms
Agriculture: Aggregate Supply and Demand Analysis; Prices
Agriculture in International Trade
- Subject
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West Africa
cointegration
developing countries
agricultural trade
rice
commodity prices
transaction costs
regional integration
- Event
-
Geistige Schöpfung
- (who)
-
Mengel, Caroline
Cramon-Taubadel, Stephan von
- Event
-
Veröffentlichung
- (who)
-
Georg-August-Universität Göttingen, Research Training Group (RTG) 1666 - GlobalFood
- (where)
-
Göttingen
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Mengel, Caroline
- Cramon-Taubadel, Stephan von
- Georg-August-Universität Göttingen, Research Training Group (RTG) 1666 - GlobalFood
Time of origin
- 2014
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