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Cross country maize market linkages in Africa: integration and price transmission across local and global markets

Guillaume Pierre and Jonathan Kaminski

No 261280, 2017 International Congress, August 28-September 1, 2017, Parma, Italy from European Association of Agricultural Economists

Abstract: We model twenty seven sub-Saharan African domestic maize markets within a Global Vector AutorRegression framework. The main purpose is to fully embed multilateral trade flows as a way to better structure local price transmission dynamics and interdependencies and get a more comprehensive picture of food price shocks propagation. We found a generally weak integration of domestic maize markets with regional and global markets. However, even in the absence of long run integration, between-country market contagion remains significant and short run price shocks propagate rapidly. Most local markets appear to be significantly more responsive to local than to global shocks.

Keywords: Agricultural and Food Policy; Marketing (search for similar items in EconPapers)
Pages: 16
Date: 2017-08-28
New Economics Papers: this item is included in nep-agr
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Journal Article: Cross country maize market linkages in Africa: integration and price transmission across local and global markets (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae17:261280

DOI: 10.22004/ag.econ.261280

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