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Determinants Of The Maize Board-Miller Marketing Margin In South Africa : 1977-1993

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  • Vigne, W. J. F.
  • Darroch, M. A. G.

Abstract

Determinants of the Maize Board - Miller (MBM) marketing margin for the period 1977-1993 (period defined by data limitations) are identified for a mark-up model using Three-Stage Least Squares Regression (3SLS) and Principal Component Analysis. The MBM margin was positively related to the real miller white maize meal selling price, real variable processing costs, and a change in Maize Board pricing policy after 1987.

Suggested Citation

  • Vigne, W. J. F. & Darroch, M. A. G., 1996. "Determinants Of The Maize Board-Miller Marketing Margin In South Africa : 1977-1993," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    • Handle: RePEc:ags:agreko:267994
    DOI: 10.22004/ag.econ.267994
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    References listed on IDEAS

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    1. Faminow, Merle D. & Laubscher, J. M., 1991. "Empirical testing of alternative price spread models in the South African maize market," Agricultural Economics, Blackwell, vol. 6(1), pages 49-66, October.
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    3. Merle D. Faminow & J.M. Laubscher, 1991. "Empirical testing of alternative price spread models in the South African maize market," Agricultural Economics, International Association of Agricultural Economists, vol. 6(1), pages 49-66, October.
    4. B. Wade Brorsen & Jean-Paul Chavas & Warren R. Grant & L. D. Schnake, 1985. "Marketing Margins and Price Uncertainty: The Case of the U.S. Wheat Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 521-528.
    5. John Schroeter & Azzeddine Azzam, 1991. "Marketing Margins, Market Power, and Price Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 990-999.
    6. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
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    Keywords

    Crop Production/Industries; Marketing;

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