Sokoine University of Agriculture

The impact of market reforms on spatial volatility of maize price in Tanzania

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dc.contributor.author Kilima, T. M.
dc.contributor.author Chung, C.
dc.contributor.author Kenkel, P.
dc.contributor.author Mbiha, E.
dc.date.accessioned 2017-06-23T17:28:13Z
dc.date.available 2017-06-23T17:28:13Z
dc.date.issued 2004
dc.identifier.uri https://www.suaire.sua.ac.tz/handle/123456789/1688
dc.description Selected Paper prepared for presentation at the American Agricultural Economics Association annual meetings, Denver, Colorado, August 1-4, 2004. en_US
dc.description.abstract The impacts of market reforms on the volatility of agricultural prices in developing countries have not been well understood because economic theory does not provide a concrete basis for predicting the effects of reforms on the aggregate behavior of economic agents. The absence of such information weakens microeconomic and structural efforts to improve the efficiency of market institutions. This study investigates whether agricultural reforms have exacerbated the degree of spatial volatility of maize price in Tanzania. An Autoregressive Conditional Heteroskedasticity in Mean (ARCHM) model is used to identify region-specific effects of the reforms on the volatility of maize price. Results indicate that highly populated and developed regions might have experienced less volatile prices than less populated and less developed regions. The study recommends infrastructure development to link these types of regions to increase the volume of trade between the regions thereby reducing the observed spatial volatility in the long-run. en_US
dc.language.iso en en_US
dc.publisher Journal of Agricultural Economics en_US
dc.subject Market reforms impact en_US
dc.subject Spatial volatility en_US
dc.subject Maize price en_US
dc.subject Agricultural prices en_US
dc.subject Tanzania en_US
dc.title The impact of market reforms on spatial volatility of maize price in Tanzania en_US
dc.type Workshop Presentation en_US
dc.url https://ideas.repec.org/p/ags/aaea04/20332. en_US


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