Market liberalization and integration of maize markets in Malawi

The paper studies the extent of market integration of maize markets in Malawi in order to understand how it has been affected by market liberalization. Several measures of integration are introduced to analyze both the comovement of prices and the price adjustment process over time. Monthly retail prices of maize at eight main locations over the period January 1984 to December 1991 are considered. The main conclusion is that liberalization has increased market integration.


Issue Date:
1994-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/173500
Published in:
Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 11, Issue 2-3
Page range:
311-324
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-27

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