Weather Shocks and Spatial Market Efficiency: Evidence from Mozambique

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Weather Shocks and Spatial Market Efficiency : Evidence from Mozambique. / Salazar, César; Ayalew, Hailemariam; Fisker, Peter Kielberg.

I: Journal of Development Studies, Bind 55, Nr. 9, 2019, s. 1967-1982.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Salazar, C, Ayalew, H & Fisker, PK 2019, 'Weather Shocks and Spatial Market Efficiency: Evidence from Mozambique', Journal of Development Studies, bind 55, nr. 9, s. 1967-1982. https://doi.org/10.1080/00220388.2018.1528352

APA

Salazar, C., Ayalew, H., & Fisker, P. K. (2019). Weather Shocks and Spatial Market Efficiency: Evidence from Mozambique. Journal of Development Studies, 55(9), 1967-1982. https://doi.org/10.1080/00220388.2018.1528352

Vancouver

Salazar C, Ayalew H, Fisker PK. Weather Shocks and Spatial Market Efficiency: Evidence from Mozambique. Journal of Development Studies. 2019;55(9):1967-1982. https://doi.org/10.1080/00220388.2018.1528352

Author

Salazar, César ; Ayalew, Hailemariam ; Fisker, Peter Kielberg. / Weather Shocks and Spatial Market Efficiency : Evidence from Mozambique. I: Journal of Development Studies. 2019 ; Bind 55, Nr. 9. s. 1967-1982.

Bibtex

@article{f5ce91f6596d4e0f97f831e9bfa71461,
title = "Weather Shocks and Spatial Market Efficiency: Evidence from Mozambique",
abstract = "The aim of this paper is to study the association between weather shocks (droughts and floods) and agricultural market performance in Mozambique. To do so, we employ a dyadic regression analysis on monthly maize prices, transport costs, and spatial identification of markets as well as droughts and flooded areas. Our estimates show that, while a drought reduces price differences between markets, price dispersion increases during flood periods, an effect that is mainly driven by increases in transport costs. Finally, floods are found to affect price differences more if markets are closer to each other and if the road infrastructure quality is poor. An important implication of our results is that markets show some degree of efficiency during supply shock periods in Mozambique. However, spatial market integration continues to be insufficient, probably due to high transfer costs.",
author = "C{\'e}sar Salazar and Hailemariam Ayalew and Fisker, {Peter Kielberg}",
year = "2019",
doi = "10.1080/00220388.2018.1528352",
language = "English",
volume = "55",
pages = "1967--1982",
journal = "Journal of Development Studies",
issn = "0022-0388",
publisher = "Taylor & Francis Online",
number = "9",

}

RIS

TY - JOUR

T1 - Weather Shocks and Spatial Market Efficiency

T2 - Evidence from Mozambique

AU - Salazar, César

AU - Ayalew, Hailemariam

AU - Fisker, Peter Kielberg

PY - 2019

Y1 - 2019

N2 - The aim of this paper is to study the association between weather shocks (droughts and floods) and agricultural market performance in Mozambique. To do so, we employ a dyadic regression analysis on monthly maize prices, transport costs, and spatial identification of markets as well as droughts and flooded areas. Our estimates show that, while a drought reduces price differences between markets, price dispersion increases during flood periods, an effect that is mainly driven by increases in transport costs. Finally, floods are found to affect price differences more if markets are closer to each other and if the road infrastructure quality is poor. An important implication of our results is that markets show some degree of efficiency during supply shock periods in Mozambique. However, spatial market integration continues to be insufficient, probably due to high transfer costs.

AB - The aim of this paper is to study the association between weather shocks (droughts and floods) and agricultural market performance in Mozambique. To do so, we employ a dyadic regression analysis on monthly maize prices, transport costs, and spatial identification of markets as well as droughts and flooded areas. Our estimates show that, while a drought reduces price differences between markets, price dispersion increases during flood periods, an effect that is mainly driven by increases in transport costs. Finally, floods are found to affect price differences more if markets are closer to each other and if the road infrastructure quality is poor. An important implication of our results is that markets show some degree of efficiency during supply shock periods in Mozambique. However, spatial market integration continues to be insufficient, probably due to high transfer costs.

U2 - 10.1080/00220388.2018.1528352

DO - 10.1080/00220388.2018.1528352

M3 - Journal article

AN - SCOPUS:85054589094

VL - 55

SP - 1967

EP - 1982

JO - Journal of Development Studies

JF - Journal of Development Studies

SN - 0022-0388

IS - 9

ER -

ID: 214132710