@article{Pierre:277126,
      recid = {277126},
      author = {Pierre, G. and Kaminsky, J.},
      title = {Cross country maize market linkages in Africa: integration  and price transmission across local and global markets},
      address = {2018-07},
      year = {2018},
      abstract = {In order to study short run price shock propagation, we  model twenty seven sub-Saharan African domestic maize  markets within a Global Vector AutorRegression framework.  The main purpose is to fully embed multilateral trade flows  as a way to better structure local price transmission  dynamics and interdependencies and get a more comprehensive  picture of food price shocks propagation. We found a  generally weak integration of African domestic maize  markets with regional and global markets. However, even in  the absence of long run integration, between-country market  contagion remains significant and short run price shocks  propagate rapidly. Most local markets appear to be more  responsive to local than to global shocks. We also identify  price shock channels linking Western African countries to  South Africa through maritime trade routes.  

Acknowledgement :  This research was conducted in the  context of Monitoring and Analyzing Food and Agricultural  Policies (MAFAP) Program implemented by the Food and  Agricultural Organization (FAO) in collaboration with the  Organization for Economic Co-operation and Development  (OECD) and financially supported by the Bill and Melinda  Gates Foundation, USAID, the Netherlands and Germany.  www.fao.org/in-action/mafap.},
      url = {http://ageconsearch.umn.edu/record/277126},
      doi = {https://doi.org/10.22004/ag.econ.277126},
}