Price Transmission in the Zambian Sugar Sector: An Assessment of Market Efficiency and Policy Implications

Brian Chisanga, Ferdinand H. Meyer, Alex Winter-Nelson and Nicholas J Sitko

Agrekon, 2016, vol. 54, issue 4

Abstract: Market liberalisation that swept through Africa starting in the 1990s was intended to promote agricultural growth by stimulating investment in under-capitalised sectors. The article assesses price transmission to better understand market performance following liberalisation and foreign investment. Our findings show weak and asymmetric price transmission. These results imply room for policy interventions to enhance the welfare effects of the growing sugar sector. Weak and asymmetric price transmission also implies that increased access to export markets, as through the European Union (EU) Everything But Arms (EBA) agreement, could have smaller and less widely distributed benefits than would otherwise be the case.

Keywords: Agribusiness; Agricultural Finance (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/346851/files/P ... y%20Implications.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: https://EconPapers.repec.org/RePEc:ags:agreko:346851

DOI: 10.22004/ag.econ.346851

Access Statistics for this article

More articles in Agrekon from Agricultural Economics Association of South Africa (AEASA) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().