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Maize Price Volatility : Does Market Remoteness Matter?

This paper addresses the role of market remoteness in explaining maize price volatility in Burkina Faso. A model of price formation is introduced to demonstrate formally that transport costs between urban and rural markets exacerbate maize price volatility. Empirical support is provided to the propo...

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Bibliographic Details
Main Authors: Moctar, Ndiaye, Elodie, Maitre d’Hôtel, Tristan, Le Cotty
Language:en_US
Published: World Bank Group, Washington, DC 2015
Subjects:
price decreases
deficit
price forecast
price levels
price increases
stock
global markets
futures
information system
sales
income
transportation costs
supplier
exchange
liquidity
trend
price spreads
infrastructure development
gasoline
domestic price
road infrastructure
price
market supply
rural market
international bank
inflation
market information
oligopoly
price variation
travel costs
wholesaler
road
commercialization
costs
transport
population growth
regional trade
food price
price volatility
surplus
products
liquidity constraints
supply shocks
monopoly
marketing
markets
agricultural prices
competitive market
price series
product
price behavior
inventories
gross domestic product
negative shocks
supply shock
economic reform
road quality
commodity price
liberalization
negative shock
food production
infrastructure
market price
transaction
initiatives
data availability
storage capacity
deficit regions
opportunity cost
good
travel
transportation
policies
international trade
volatility
border crossing
barriers
agricultural price
third world
local market
demand
price risk
demand function
consumer price
price level
price changes
price fluctuations
price formation
price effect
local markets
transaction costs
market
foreign exchange
rural markets
price increase
deficit region
roads
crossing
price shift
regional integration
economic development
trade
security
growth rate
transportation cost
market equilibrium
share
poverty
high transport
supply
purchasing
fuel
competitive framework
market demand
investments
market integration
consumer price index
market reform
price decrease
wholesalers
commodities
price variations
road conditions
exchange rate
suppliers
excess supply
food prices
transport costs
price index
commodity prices
travel time
remote areas
commodity
prices
cost of capital
development bank
storage
Online Access:http://hdl.handle.net/10986/21641

Internet

http://hdl.handle.net/10986/21641

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