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Cattle Markets Integration and Price Discovery: The Case of Mali

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  • Jean-Claude Bizimana
  • Jay P. Angerer
  • David A. Bessler
  • Francis Keita

Abstract

This article analyses the level of integration in 10 cattle markets in Mali. The results indicate a limited interdependence among markets where, in majority of cases, more than 70 per cent of price variation is due to own-price shocks. However, the S�gou market exhibited a high level of interaction with other markets, behaving mostly as a price information receiver. Some markets behaved as sources of price information, however, without taking a clear price leadership role. This low level of market integration may be attributed to limited access to livestock markets and timely price information.

Suggested Citation

  • Jean-Claude Bizimana & Jay P. Angerer & David A. Bessler & Francis Keita, 2015. "Cattle Markets Integration and Price Discovery: The Case of Mali," Journal of Development Studies, Taylor & Francis Journals, vol. 51(3), pages 319-334, March.
    • Handle: RePEc:taf:jdevst:v:51:y:2015:i:3:p:319-334
    DOI: 10.1080/00220388.2014.963564
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    1. Rashid, Shahidur & Minot, Nicholas, 2010. "Are Staple Food Markets in Africa Efficient? Spatial Price Analyses and Beyond," Food Security Collaborative Working Papers 58562, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Jaleta, Moti & Gebremedhin, Berhanu, 2009. "Price Cointegration Analyses of Food Crop Markets: The case of Wheat and Teff Commodities in Northern Ethiopia," 2009 Conference, August 16-22, 2009, Beijing, China 51049, International Association of Agricultural Economists.
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    Cited by:

    1. Chelanga, Philemon & Jensen, Nathaniel & Muendo, Kavoi Mutuku, 2022. "Pastoral livestock market integration amidst improvements in physical and communication infrastructure: Evidence from northern Kenya," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 17(4), December.
    2. Xiaojie Xu & Yun Zhang, 2022. "Contemporaneous causality among one hundred Chinese cities," Empirical Economics, Springer, vol. 63(4), pages 2315-2329, October.
    3. Louis Amprako & Hanna Karg & Regina Roessler & Jennifer Provost & Edmund Kyei Akoto-Danso & Seydou Sidibe & Andreas Buerkert, 2020. "Vehicular Livestock Mobility in West Africa: Seasonal Traffic Flows of Cattle, Sheep, and Goats across Bamako," Sustainability, MDPI, vol. 13(1), pages 1-16, December.

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