EconPapers    
Economics at your fingertips  
 

Apple Market Integration: Implications for Sustainable Agricultural Development

Khalid Mushtaq (), Abdul Gafoor () and Maula Dad ()
Additional contact information
Khalid Mushtaq: University of Agriculture, Faisalabad, Pakistan.
Abdul Gafoor: University of Agriculture, Faisalabad, Pakistan.
Maula Dad: University of Agriculture, Faisalabad, Pakistan.

Lahore Journal of Economics, 2008, vol. 13, issue 1, pages 129-138

Abstract: In a market driven economy, price signals guide and regulate production, consumption and marketing decisions over time, form and place. Identifying the causes of price differences in interregional or spatial markets has therefore become an important economic analytical tool to understand markets better. If markets are not well integrated, price signals are distorted, which leads to an inefficient allocation of resources. Further, it may constrain sustainable agricultural development and aggravate inequitable patterns of income distribution. This paper examines the degree of spatial market integration in the regionalapple markets of Pakistan using cointegration analysis and monthly wholesale price data from January, 1996 to December, 2005. Results show that apple markets are perfectly integrated and Quetta is the dominating market. The high degree of market integration observed in this case is consistent with view that apple markets in Pakistan are quite competitive and provide little justification for government intervention designed to improve competitiveness to enhance market efficiency.

Keywords: Market Integration; Cointegration; Apple; Pakistan (search for similar items in EconPapers)
JEL-codes: C22 Q13 Q18 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://121.52.153.179/JOURNAL/Vol13-No1/05%20Apple%20Market.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:lje:journl:v:13:y:2008:i:1:p:129-138

Access Statistics for this article

Lahore Journal of Economics is currently edited by Jan-Jun

More articles in Lahore Journal of Economics from Department of Economics, The Lahore School of Economics Contact information at EDIRC.
Series data maintained by Shahid Salahuddin ().

 
Page updated 2016-12-15
Handle: RePEc:lje:journl:v:13:y:2008:i:1:p:129-138