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Maize Markets And Rural Storage In Mozambique: A Spatial And Temporal Analysis

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  • Arndt, Channing
  • Schiller, Rico
  • Philipsen, Annelotte

Abstract

We employ a mixed complementarity problem (MCP) approach to a spatial and temporal equilibrium model of the maize market in Mozambique. The MCP approach efficiently captures interactions between transpost costs and interest rates, which captures interactions between transport costs and interest rates, which may differ across agents. Results indicate that differentials in interest rates significantly impact marketing patterns.

Suggested Citation

  • Arndt, Channing & Schiller, Rico & Philipsen, Annelotte, 1998. "Maize Markets And Rural Storage In Mozambique: A Spatial And Temporal Analysis," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20991, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20991
    DOI: 10.22004/ag.econ.20991
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    References listed on IDEAS

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    1. Brennan, Donna & Williams, Jeffrey & Wright, Brian D, 1997. "Convenience Yield without the Convenience: A Spatial-Temporal Interpretation of Storage under Backwardation," Economic Journal, Royal Economic Society, vol. 107(443), pages 1009-1022, July.
    2. Rutherford, Thomas F., 1995. "Extension of GAMS for complementarity problems arising in applied economic analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 19(8), pages 1299-1324, November.
    3. William A. Masters & Paul V. Preckel, 1997. "A Spatial Analysis of Maize Marketing Policy Reforms in Zambia," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 514-523.
    4. E. Leigh Bivings, 1997. "The Seasonal and Spatial Dimensions of Sorghum Market Liberalization in Mexico," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 383-393.
    5. Martin Benirschka & James K. Binkley, 1995. "Optimal Storage and Marketing Over Space and Time," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 512-524.
    6. Masters, William A. & Nuppenau, Ernst-August, 1993. "Panterritorial versus regional pricing for maize in Zimbabwe," World Development, Elsevier, vol. 21(10), pages 1647-1658, October.
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