Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/1113
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dc.contributor.authorIhle, R.-
dc.contributor.authorAmikuzuno, J.-
dc.contributor.authorCramon-Taubadel, S. V.-
dc.date.accessioned2017-09-07T15:17:03Z-
dc.date.available2017-09-07T15:17:03Z-
dc.date.issued2014-
dc.identifier.issn1782-1517-
dc.identifier.urihttp://hdl.handle.net/123456789/1113-
dc.description.abstractSpatial market equilibrium theory views trade flows as the driving force behind market integration. We assess the price linkages between five major tomato markets in Ghana to ascertain whether spatial price transmission depends solely on direct trade between markets, or whether other forces drive market integration. We analyze a unique dataset of the fresh tomato trade consisting of semi-weekly price and trade flow data. A regime-dependent vector error correction model is proposed and its results are compared with those of a linear model. The analysis reveals that prices in the net producing areas of Ghana (Navrongo and Techiman) adjust quickly to disequilibria, while prices in major consumption areas do not show significant error correction for the most part. Markets are found to be strongly integrated, and some even in periods without direct trade flows. Information exchange among suppliers or third-market effects offer possible explanations to this finding.en_US
dc.language.isofren_US
dc.publisherDe Boeck Supérieuren_US
dc.relation.ispartofseriesVol. 18;Issue 1-
dc.subjectGhanaen_US
dc.subjectInformation flowen_US
dc.subjectRegime-dependent vector error-correction modelen_US
dc.subjectSpatial market integrationen_US
dc.subjectTomatoen_US
dc.titleMARKETS INTEGRATION WITH AND WITHOUT DIRECT TRADE FLOWS: THE TOMATO IN GHANAen_US
dc.typeArticleen_US
Appears in Collections:Faculty of Agriculture, Food and Consumer Sciences

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