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Spatial equilibrium, market integration and price exogeneity in dry fish marketingin Nigeria: A vector auto-regressive (VAR) approach

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  • E. Mafimisebi, Taiwo

    (The Federal University of Technology, Akure, Nigeria)

Abstract

Fish is the cheapest animal protein source in Nigeria, and dry fish in particular has the potential to solve the pervasive protein shortage problem owing to its relative affordability compared with fresh fish. Boosting dry fish consumption will entail retail price reduction which is achievable only if the market for dry fish operates efficiently. This study, after testing and correcting price series for non-stationarity, modelled marketing efficiency in 66 pairs of spatially separated markets. The unit root test was used to reveal the order of econometric integration of the price series. All price series showed non-stationarity at their levels (P

Suggested Citation

  • E. Mafimisebi, Taiwo, 2012. "Spatial equilibrium, market integration and price exogeneity in dry fish marketingin Nigeria: A vector auto-regressive (VAR) approach," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 17(33), pages 31-37.
    • Handle: RePEc:ris:joefas:0048
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    Citations

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    Cited by:

    1. Guillaume Pierre & Jonathan Kaminski, 2019. "Cross country maize market linkages in Africa: integration and price transmission across local and global markets," Agricultural Economics, International Association of Agricultural Economists, vol. 50(1), pages 79-90, January.
    2. Martey, E., 2018. "Heterogeneous Demand for Quality Soybean in Northern Ghana," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277013, International Association of Agricultural Economists.
    3. Littleboy, Chris, 2022. "A study of scarcity: assessing the availability and value of surplus land in Nigeria," Land Use Policy, Elsevier, vol. 113(C).

    More about this item

    Keywords

    Agricultural marketing; Market infrastructures; Retail price; Pricing efficiency;
    All these keywords.

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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