ICAR Research Data Repository for Knowledge Management
Estimating policy effects on spatial market efficiency: An extension of the parity bounds model
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View Archive Info| Field | Value | |
| Title |
Estimating policy effects on spatial market efficiency: An extension of the parity bounds model
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| Creator |
Negassa, A.
Myers, R.J. |
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| Description |
The standard parity bounds model (PBM) is extended to allow for dynamic shifts in regime probabilities in response to changes in marketing policy. The approach allows estimation of the length of the adjustment period and a statistical test for no policy effects. The extended PBM is applied to maize and wheat markets in Ethiopia. Evidence of a dynamic adjustment path is found and grain marketing reforms are found to have improved spatial efficiency in a few markets, worsened it in a few others, but generally to have had little effect on the spatial efficiency of Ethiopian grain markets.
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| Date |
2007-05
2011-07-05T18:35:35Z 2011-07-05T18:35:35Z |
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| Type |
Journal Article
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| Identifier |
Negassa, A. and Myers, R.J. 2007. Estimating policy effects on spatial market efficiency: An extension of the parity bounds model. American Journal of Agricultural Economics 89(2): 338-352
0002-9092 1467-8276 https://hdl.handle.net/10568/4129 https://doi.org/10.1111/j.1467-8276.2007.00979.x |
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| Language |
en
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| Rights |
Copyrighted; all rights reserved
Limited Access |
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| Format |
p. 338-352
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| Publisher |
Wiley
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| Source |
American Journal of Agricultural Economics
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