|
|
Article abstract
Journal of Economics and International Business Management
Research Article | Published January 2019 | Volume 7, Issue 1, pp. 1-8.
doi: https://doi.org/10.33495/jeibm_v7i1.18.125
Rice and maize price competitiveness in Senegal: Market integration and price causation between Saint-Louis market and Mpal market
|
|
|
Arame Top*
Kwansoo Kim
Email Author
|
Department of Agricultural and Rural Development, Seoul National University, Seoul, South Korea.
|
……......................................…....……...……………...................…....…........…....…..................................................………...……..….........………...........
Citation: Top A, Kim K (2018). Rice and maize price competitiveness in Senegal: Market integration and price causation between Saint-Louis market and Mpal market. J. Econ. Int. Bus. Manage. 7(1): 1-8.
……......................................…....……...……………...................…....…........…....…..................................................………...……..….........………...........
Abstract
The Granger-causality test results revealed that the causality direction is from urban area to rural area for the price of rice and from rural area to urban area for the price of maize. These results suggest that the amount of subsidy on rice imports needs to be redirected towards productivity and quality increase, to shift the consumption of rice from imported rice to domestically produced rice. For maize, policy attention should be given to the increase in productivity of domestic maize giving preference to Senegalese local maize. This effort would increase the supply of domestic maize with which the price of domestic maize in a rural market would decline. Given Granger-causality test results for maize; this would signal a downward pressure on the price of imported maize in an urban market where imported maize is mainly consumed in a livestock sector and agri-industry.
Keywords Granger-causality test
market integration
Senegal River Valley
……......................................…....……...……………...................…....…........…....…..................................................………...……..….........………...........
Abrreviations: ANSD: National Agency of Statistics and Demography (Agence Nationale de la Statistique et de la Démographie); FCFA: Africa Financial Community Franc (West Africa currency); IRRI: International Rice Research Institute; MEF: Ministère de l’économie et des finances (Finance and Economy Ministry); OFS (CSA): Office of Food Security (Commissariat de la Sécurité Alimentaire); SRV: Senegal River Valley.
……......................................…....……...……………...................…....…........…....…..................................................………...……..….........………...........
Copyright © 2019 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0
References
Africa Rice (2009). ‘‘Fast-tracking farmers’ access to research innovation’’.
Andrew K (2011). ‘‘The Senegal Local Support Fund: Capacity building for maize value chain’’, July 20.
Agence Nationale de la Statistique et de la Démographie, ANSD (2009). Situation économique du pays.
Agence Nationale de la Statistique et de la Démographie, ANSD (2011). Situation économique du pays.
Coxhead I, Agnes R, Kwansoo K (2001). ‘‘How Do National Markets and Price Policies Affect Land Use at the Forest Margin? Evidence from the Philippines’’, Land Economics May 1, 77(2):250-267.
International Rice Research Institute/Rice Today (2011). January-March.
Ministère de l’économie et des finances (MEF), (2008). ‘‘Rapport national sur le développement durable’’ Mai.
Niang M, Ndiaye M (2010). ‘‘De l’étude sur la transmission des fluctuations et le calcul des prix de parité à l’importation/exportation dans la sous-région : Cas pratique du Sénégal’’, janvier 2010.
World Food Program (2008). “Senegal: Rice trade” August 2008.
|
|
|
