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

Kilima, T. M.; Chung, C.; Kenkel, P.; Mbiha, E.

dc.creator	Kilima, T. M.
dc.creator	Chung, C.
dc.creator	Kenkel, P.
dc.creator	Mbiha, E.
dc.date	2017-06-23T17:28:13Z
dc.date	2017-06-23T17:28:13Z
dc.date	2004
dc.date.accessioned	2022-10-25T08:51:53Z
dc.date.available	2022-10-25T08:51:53Z
dc.identifier	https://www.suaire.sua.ac.tz/handle/123456789/1688
dc.identifier.uri	http://hdl.handle.net/123456789/91871
dc.description	Selected Paper prepared for presentation at the American Agricultural Economics Association annual meetings, Denver, Colorado, August 1-4, 2004.
dc.description	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.
dc.format	application/pdf
dc.language	en
dc.publisher	Journal of Agricultural Economics
dc.subject	Market reforms impact
dc.subject	Spatial volatility
dc.subject	Maize price
dc.subject	Agricultural prices
dc.subject	Tanzania
dc.title	The impact of market reforms on spatial volatility of maize price in Tanzania
dc.type	Workshop Presentation