Cattle Markets Integration and Price Discovery: The Case of Mali

Jean-Claude Bizimana, Jay P. Angerer, David Bessler () and Francis Keita

Journal of Development Studies, 2015, vol. 51, issue 3, 319-334

Abstract: This article analyses the level of integration in 10 cattle markets in Mali. The results indicate a limited interdependence among markets where, in majority of cases, more than 70 per cent of price variation is due to own-price shocks. However, the S�gou market exhibited a high level of interaction with other markets, behaving mostly as a price information receiver. Some markets behaved as sources of price information, however, without taking a clear price leadership role. This low level of market integration may be attributed to limited access to livestock markets and timely price information.

Date: 2015
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DOI: 10.1080/00220388.2014.963564

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