Spatial integration of cereal markets in Ethiopia

Spatial integration of cereal markets in Ethiopia
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埃塞俄比亚谷物市场的空间一体化

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发表时间:
2013
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通讯作者:
Seneshaw Tamru
Seneshaw Tamru
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作者:
Seneshaw Tamru

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本研究着眼于过去十年埃塞俄比亚谷物市场空间一体化的程度和变化。基于埃塞俄比亚谷物贸易企业 (EGTE) 的每周批发价格,涵盖该国所有主要谷物(三大类苔麸[即白、混合和红]、白小麦、玉米和白高粱),分析了亚的斯亚贝巴与该国最重要的区域批发市场的空间整合。估算结果表明,画眉草、小麦和玉米的市场一体化在过去十年中显着改善,价格调整更快,预计交易成本更低。另一方面,对于白高粱来说,区域市场与亚的斯亚贝巴的一体化在过去十年中并未得到改善。
This study looks at the extent of and changes in spatial integration of cereal markets in Ethiopia over the last ten years. Based on weekly wholesale prices of the Ethiopian Grain Trade Enterprise (EGTE) and covering all major cereals in the country (three major types of teff [i.e., white, mixed, and red], white wheat, maize, and white sorghum), spatial integration of Addis Ababa with the most important regional wholesale markets in the country is analyzed. The estimation results indicate market integration has considerably improved over the last ten years for teff, wheat, and maize with faster price adjustments and lower estimated transaction costs. On the other hand, for white sorghum integration of regional markets with Addis Ababa did not improve over the last decade.