Asymmetric price transmission in food markets in the highlands of central Kenya

Simple item page
dc.contributor.authorShisanya, C.A.
dc.contributor.authorNgare, L. W.
dc.contributor.authorWambugu, Stephen K.
dc.contributor.authorNzuma, J.M.
dc.date.accessioned2014-07-01T09:19:13Z
dc.date.available2014-07-01T09:19:13Z
dc.date.issued2013-09
dc.description.abstractThis paper investigates the non-linear adjustments between maize and beans markets in the highlands of central Kenya. Results are based on bi-weekly retail price data collected from ten markets in Mbeere and Meru south districts. The error correction model extended by the incorporation of asymmetric adjustment terms was used to study asymmetry in price transmission between the markets. Cointegration technique was used to determine the existence of a long-run price relationship between the maize and beans markets. The findings indicate that the markets are integrated. Retail price transmission process between the markets is asymmetric. The observed prices adjust more rapidly to increases in prices than to decreases. The speed of price response between market pairs was higher for markets that are far apart.
dc.identifier.citationAfrican Association of Agricultural Economists (AAAE)>2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisiaen_US
dc.identifier.urihttp://ageconsearch.umn.edu/bitstream/161448/2/Asymmetric%20price%20transmission.pdf
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/10241
dc.language.isoenen_US
dc.subjectAsymmetric adjustmentsen_US
dc.subjectspatial food price transmissionen_US
dc.subjecterror correction modelsen_US
dc.titleAsymmetric price transmission in food markets in the highlands of central Kenyaen_US
dc.typeOtheren_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Asymmetric price transmission.pdf
Size:
402.69 KB
Format:
Adobe Portable Document Format
Description:
Full text article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
CW-Department of Geography