The analysis of market integration and price transmission – results and implications in an African context

Stephan Von Cramon-Taubadel

Agrekon, 2017, vol. 56, issue 2

Abstract: A vast literature on market integration and price transmission has accumulated over the last half century. This literature has received major impetus, first from the introduction of increasingly sophisticated co-integration methods since the late 1980s, and second from the so-called food price crisis of 2007–2008, which heightened interest in the transmission of food price spikes in space and along the supply chain. In this paper I review the literature on price transmission and market integration, highlighting applications in an African setting. I begin by reviewing the basic methods that are commonly used in price transmission analysis, as well as several extensions that have gained prevalence in recent years. I then discuss several important limitations and challenges that remain to be addressed in future research on price transmission and market integration.

Keywords: Agricultural Finance; Marketing (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:347536

DOI: 10.22004/ag.econ.347536

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