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Seasonal Variation in Price Transmission between Tomato Markets in Ghana

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  • Joseph Amikuzuno
  • Stephan von Cramon-Taubadel

Abstract

It is reasonable to expect that price transmission for perishable products will display seasonal variation, especially in low-income country settings. To date, however, few studies have explicitly tested for seasonal variation in price transmission. We apply a vector error correction model with seasonally regime-dependent adjustment parameters to wholesale tomato prices in Ghana. The results reveal a number of plausible patterns in the seasonal interplay between the main producer and consumer markets for tomatoes in Ghana, and confirm that failure to account for seasonality leads to hybrid estimates of the parameters that depict price transmission behaviour, conflating and obscuring seasonal differences in the way prices and markets interact. Copyright 2012 , Oxford University Press.

Suggested Citation

  • Joseph Amikuzuno & Stephan von Cramon-Taubadel, 2012. "Seasonal Variation in Price Transmission between Tomato Markets in Ghana," Journal of African Economies, Centre for the Study of African Economies, vol. 21(4), pages 669-686, August.
    • Handle: RePEc:oup:jafrec:v:21:y:2012:i:4:p:669-686
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    Cited by:

    1. Holst, Carsten & Cramon-Taubdel, Stephan von, 2014. "Trade, Market Integration and Spatial Price Transmission on EU Pork Markets following Eastern Enlargement," 54th Annual Conference, Goettingen, Germany, September 17-19, 2014 187598, German Association of Agricultural Economists (GEWISOLA).
    2. Bittmann, Thomas & Holzer, Patrick & Loy, Jens-Peter, 2016. "Seasonal Cost Pass-Through In The German Milk Market," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244779, German Association of Agricultural Economists (GEWISOLA).
    3. Scheiterle, Lilli & Birner, Regina, 2021. "The Myth of the Market Queens: a Case Study of Women and Power in Ghanaian Markets," 2021 Conference, August 17-31, 2021, Virtual 315924, International Association of Agricultural Economists.
    4. Rosales, Francisco & von-Cramon, Stephan, 2015. "Analysis of Price Transmission using a Nonparametric Error Correction Model with Time-Varying Cointegration," 2015 Conference, August 9-14, 2015, Milan, Italy 230227, International Association of Agricultural Economists.
    5. Omid Zamani & Thomas Bittmann & Jens‐Peter Loy, 2022. "The role of temperature for seasonal market integration: a case study of poultry in Iran," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(1), pages 187-215, January.
    6. Alejandro Acosta & Rico Ihle & Stephan Cramon-Taubadel, 2019. "Combining market structure and econometric methods for pricetransmission analysis," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 11(4), pages 941-951, August.
    7. Fabio Gaetano Santeramo, 2015. "Price Transmission in the European Tomatoes and Cauliflowers Sectors," Agribusiness, John Wiley & Sons, Ltd., vol. 31(3), pages 399-413, June.
    8. Holst, Carsten & Cramon-Taubdel, Stephan von, 2014. "Trade, Market Integration and Spatial Price Transmission on EU Pork Markets following Eastern Enlargement," Department of Agricultural and Rural Development (DARE) Discussion Papers 187598, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
    9. Harshana, P.V.S. & Ratnasiri, Shyama, 2023. "Asymmetric price transmission along the supply chain of perishable agricultural commodities: A nonlinear ARDL approach," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    10. Scheiterle, Lilli & Birner, Regina, 2018. "Gender, knowledge and power: A case study of Market Queens in Ghana," 2018 Annual Meeting, August 5-7, Washington, D.C. 274125, Agricultural and Applied Economics Association.
    11. Holst, Carsten & von Cramon-Taubadel, Stephan, 2013. "Trade, market integration and spatial price transmission on EU pork markets following Eastern enlargement," DARE Discussion Papers 1307, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    12. Seydou Zakari & Liu Ying & Baohui Song, 2014. "Market Integration and Spatial Price Transmission in Niger Grain Markets," African Development Review, African Development Bank, vol. 26(2), pages 264-273, June.
    13. Ahmed, Osama, 2018. "Vertical price transmission in the Egyptian tomato sector after the Arab Spring," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 50(47), pages 5094-5109.
    14. Stephan von Cramon-Taubadel, 2017. "The analysis of market integration and price transmission – results and implications in an African context," Agrekon, Taylor & Francis Journals, vol. 56(2), pages 83-96, April.
    15. Byung Min Soon & Jarrett Whistance, 2019. "Seasonal Soybean Price Transmission between the U.S. and Brazil Using the Seasonal Regime-Dependent Vector Error Correction Model," Sustainability, MDPI, vol. 11(19), pages 1-9, September.

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