scholarly journals Transfer Costs, Spatial Arbitrage, and Testing for Food Market Integration

1997 ◽  
Vol 79 (2) ◽  
pp. 477-487 ◽  
Author(s):  
Bob Baulch
Keyword(s):  
Market Integration ◽  
Food Market ◽  
Spatial Arbitrage

scholarly journals ANALISIS INTEGRASI PASAR SPASIAL KOMODITI PANGAN ANTAR PROVINSI DI INDONESIA

2018 ◽  
Vol 3 (2) ◽  
pp. 136-157
Author(s):  
Arnanto Arnanto ◽  
Sri Hartoyo ◽  
Wiwiek Rindayati
Keyword(s):  
Market Integration ◽  
Market Failure ◽  
Food Prices ◽  
Price Transmission ◽  
Pricing Policy ◽  
Sugar Market ◽  
Retail Prices ◽  
Food Market ◽  
Integrated Or ◽  
Integration Analysis

Food prices stabilization through the food production and trade to fulfillment consumption in terms of both availability and accessibility food is government major problem. Government’s ability to determine an appropriate pricing policy depends on market structure, behavior and effectiveness. Trade barriers and market failure reduction, improved access information would make market integration effective and efficient. This study aims to analyze the market integration and the price transmission elasticity that occurs between regions in Indonesia. Using Ravallion integration analysis and a span from 2009 to 2013 on 33 provinces retail prices data in Indonesia to capture level integration and price transmission between regions. The results showed in the rice shows that Jakarta and South Sulawesi region is becoming the leading market and Jakarta for sugar market those integrated with most areas in Indonesia. Sugar and rice have a better degree of integration than soya. Integration analysis with Ravallion models cannot explain two areas integrated or not. It is necessary to study towards further for East Java in terms of either regional autonomy policy or any market failure that occurs in order to find a policy solution to be more integrated. Key words : Food, Market integration, Ravallion model

scholarly journals The Impact of Agricultural Market Information System in Bosnia & Herzegovina on Market Integration: Assymetric Information and Market Performance

2015 ◽  
Vol 18 (1) ◽  
pp. 56-67
Author(s):  
Adisa Omerbegovic Arapovic ◽  
Zana Karkin
Keyword(s):  
Information System ◽  
Market Integration ◽  
Market Price ◽  
Market Performance ◽  
Local Market ◽  
Market Information ◽  
Agricultural Market ◽  
Food Market ◽  
Ict Service ◽  
The Impact

In a perfectly integrated market local demand has no impact on the formation of market price, since changes in local demand cause price equalization in the market through efficient allocation of resources (Pareto efficiency). Information is crucial to market performance and integration as market agents cannot explore arbitrage opportunities in its absence. This paper tests the impact of introduction of agricultural market information system (via SMS service which provides information on prices of agricultural items in different markets) on observed degree of market integration in agro-food market in Bosnia and Herzegovina (B&H), pre and post the service. Degree of market integration is measured as the extent that local demand has on formation of prices in the market pre and post introduction of the Information and Communication Technology (ICT) service. The methodology assumed tests the Law of One Price, while taking into account transportation costs and concludes thatintroduction of the ICT service in agro-food market in Bosnia & Herzegovina has increased the level of market integration. It is shown that the impact of the local demand onto formation of the local market price has decreased after the introduction of the ICT service. The results suggest that ICT may have a significant role in tackling information asymmetry and consequently promote market integration. This is a pilot assessment that covered only 16 months of daily price, so for the purpose of drawing conclusions with additional precision, it must be noted that there exists a need to broaden the study further to cover larger period of time.

The Role of ICT-Based Market Information Services in Spatial Food Market Integration

2013 ◽  
pp. 15-28
Author(s):  
Samson P. Katengeza ◽  
Barnabas Kiiza ◽  
Julius Juma Okello
Keyword(s):  
Market Integration ◽  
Quantitative Methods ◽  
Information Service ◽  
Information Services ◽  
Agricultural Markets ◽  
Market Information ◽  
Agricultural Commodity ◽  
Service Project ◽  
Food Market ◽  
The Government

The government of Malawi in 2004 initiated an ICT-based Malawi Agricultural Commodity Exchange (MACE), a market information service project, to improve access by farmers to market information. MACE was intended to improve the efficiency of agricultural markets as part of the strategy to improve food security. This study uses quantitative methods to examine whether MACE has contributed to efficiency of rice markets in Malawi. It especially tests if MACE has contributed to spatial integration of rice markets. As hypothesized, the study finds that the tendency of rice prices to move together in spatially separated markets has significantly increased since the implementation of MACE. It concludes that ICT-based market information services project enhances linkages between markets and can therefore improve the efficiency with which agricultural markets perform. The study discusses implications of this finding for policy.

scholarly journals ANALISIS INTEGRASI PASAR SPASIAL KOMODITI PANGAN ANTAR PROVINSI DI INDONESIA

2018 ◽  
Vol 3 (2) ◽  
pp. 136-157
Author(s):  
Arnanto Arnanto ◽  
Sri Hartoyo ◽  
Wiwiek Rindayati
Keyword(s):  
Market Integration ◽  
Market Failure ◽  
Food Prices ◽  
Price Transmission ◽  
Pricing Policy ◽  
Sugar Market ◽  
Retail Prices ◽  
Food Market ◽  
Integrated Or ◽  
Integration Analysis

Food prices stabilization through the food production and trade to fulfillment consumption in terms of both availability and accessibility food is government major problem. Government’s ability to determine an appropriate pricing policy depends on market structure, behavior and effectiveness. Trade barriers and market failure reduction, improved access information would make market integration effective and efficient. This study aims to analyze the market integration and the price transmission elasticity that occurs between regions in Indonesia. Using Ravallion integration analysis and a span from 2009 to 2013 on 33 provinces retail prices data in Indonesia to capture level integration and price transmission between regions. The results showed in the rice shows that Jakarta and South Sulawesi region is becoming the leading market and Jakarta for sugar market those integrated with most areas in Indonesia. Sugar and rice have a better degree of integration than soya. Integration analysis with Ravallion models cannot explain two areas integrated or not. It is necessary to study towards further for East Java in terms of either regional autonomy policy or any market failure that occurs in order to find a policy solution to be more integrated. Key words : Food, Market integration, Ravallion model

scholarly journals A Global Perspective of Food Market Integration: A Review

Agrekon ◽  
2016 ◽  
Vol 55 (1-2) ◽  
pp. 62-80 ◽  
Author(s):  
Ronald Kabbiri ◽  
Manoj Dora ◽  
Gabriel Elepu ◽  
Xavier Gellynck
Keyword(s):  
Market Integration ◽  
Global Perspective ◽  
Food Market
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