This study represents one of the first attempts to examine the process of adjustment within the farming and marketing sectors to the reform of agricultural markets in Egypt. Even though it is primarily based on rice sector data, it gives the following interesting insights into the initial...

This paper investigates the respective roles of spatial integration and arbitrage costs in explaining the adjustment of local prices to policy changes using the example of Ghana. We introduce a model of price formation and market integration that incorporates the price transmission process...

The response of local markets to sectoral and macroeconomic policy changes is a key determinant of the long term impact of policy reforms on reforming economies. In other words, changes in arbitrage costs that are associated with policy reforms as well as the level of integration among local...

Market integration analysis may be helpful in providing a photograph of the operation of local markets at a given point in time. However, the process of market reform in the context of structural and institutional deficiencies, rather than being a one-shot issue, involves a lengthy transition...

The study carried out on behalf of the Conference of Ministers of Agriculture of West and Central Africa represents one of the first attempts to analyze the impact of the devaluation of the CFA Franc that took place in early 1994. Its main focus is on the impact the change in parity has had on...

Although the techniques that are being used have become much more sophisticated, recent methodological developments in market research have hardly gone beyond the econometric test of market integration. While more efficient methods are being proposed to analyze price interdependence, the...

Using urban price data for the period 1976 to 1992 and rural price data for the period 1982 to 1992, the study assesses the degree of market integration for wheat, maize and rice. The study finds that i) reforms have not destabilized foodgrain prices; ii) there is some indication that the degree...