The impact of the National Food Buffer Stock Company on price transmission in Ghana
Achieving state market policies depends partly on the extent to which changes in commodity prices are transmitted along supply chains. This paper examines the effect of the National Food Buffer Stock Company (NAFCO) on price transmission between white maize wholesale and retail markets in Kumasi, Gh...
Gespeichert in:
| Veröffentlicht in: | African journal of agricultural and resource economics 2019-09, Vol.14 (3), p.169-183 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 183 |
|---|---|
| container_issue | 3 |
| container_start_page | 169 |
| container_title | African journal of agricultural and resource economics |
| container_volume | 14 |
| creator | Armah, Ebenezer Kissi, Evans Appiah Fiankor, Dela-Dem Doe |
| description | Achieving state market policies depends partly on the extent to which changes in commodity prices are transmitted along supply chains. This paper examines the effect of the National Food Buffer Stock Company (NAFCO) on price transmission between white maize wholesale and retail markets in Kumasi, Ghana. The findings suggest that the speed of price transmission elasticity between the market pair is symmetrical pre-NAFCO, asymmetrical post-NAFCO, and asymmetrical over the entire price series. Decreases in prices in the wholesale market are transmitted more quickly to consumers, whilst price increases are passed through sluggishly by retailers. The before- and after- NAFCO regimes show that government intervention through the marketing activities of NAFCO has created an imperfect market environment for maize traders, resulting in asymmetry in the speed of price adjustment in the retail market. |
| doi_str_mv | 10.22004/ag.econ.301040 |
| format | Article |
| fullrecord | <record><control><sourceid>umn</sourceid><recordid>TN_cdi_umn_agecon_oai_ageconsearch_umn_edu_301040</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>oai_ageconsearch_umn_edu_301040</sourcerecordid><originalsourceid>FETCH-LOGICAL-c173t-354cf1f7dacbd6f13ae614c22cac5c027b6d88316f0aa7dc910505d7fed3ed993</originalsourceid><addsrcrecordid>eNotUD1PwzAQ9QASVenM6j-QcI6dOBkhogWpgqFljq5nuwk0dhUnA_-eVO107-l9SO8YexKQZhmAesZjain4VIIABXdsIapKJlLL8oGtYvwBACEVqCpbsN2-tbzrz0gjD46PM_vEsQseT3wdguGvk3N24Lsx0C-vw-z0fzx4fh46snwc0Me-i3FO8M7zTYseH9m9w1O0q9tdsu_1275-T7Zfm4_6ZZuQ0HJMZK7ICacN0sEUTki0hVCUZYSUE2T6UJiylKJwgKgNVQJyyI121khr5klLJq69U-8bPF42NwG7G4wWB2qbi2bN1FyfIf8BccBX1g</addsrcrecordid><sourcetype>Open Access Repository</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>The impact of the National Food Buffer Stock Company on price transmission in Ghana</title><source>AgEcon</source><source>Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals</source><creator>Armah, Ebenezer ; Kissi, Evans Appiah ; Fiankor, Dela-Dem Doe</creator><creatorcontrib>Armah, Ebenezer ; Kissi, Evans Appiah ; Fiankor, Dela-Dem Doe</creatorcontrib><description>Achieving state market policies depends partly on the extent to which changes in commodity prices are transmitted along supply chains. This paper examines the effect of the National Food Buffer Stock Company (NAFCO) on price transmission between white maize wholesale and retail markets in Kumasi, Ghana. The findings suggest that the speed of price transmission elasticity between the market pair is symmetrical pre-NAFCO, asymmetrical post-NAFCO, and asymmetrical over the entire price series. Decreases in prices in the wholesale market are transmitted more quickly to consumers, whilst price increases are passed through sluggishly by retailers. The before- and after- NAFCO regimes show that government intervention through the marketing activities of NAFCO has created an imperfect market environment for maize traders, resulting in asymmetry in the speed of price adjustment in the retail market.</description><edition>311</edition><identifier>ISSN: 1993-3738</identifier><identifier>DOI: 10.22004/ag.econ.301040</identifier><language>eng</language><subject>asymmetric price transmission ; Community/Rural/Urban Development ; Demand and Price Analysis ; national food buffer stock company ; threshold error correction ; vertical price transmission ; white maize market</subject><ispartof>African journal of agricultural and resource economics, 2019-09, Vol.14 (3), p.169-183</ispartof><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c173t-354cf1f7dacbd6f13ae614c22cac5c027b6d88316f0aa7dc910505d7fed3ed993</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>230,314,776,780,881,25375,27901,27902</link.rule.ids></links><search><creatorcontrib>Armah, Ebenezer</creatorcontrib><creatorcontrib>Kissi, Evans Appiah</creatorcontrib><creatorcontrib>Fiankor, Dela-Dem Doe</creatorcontrib><title>The impact of the National Food Buffer Stock Company on price transmission in Ghana</title><title>African journal of agricultural and resource economics</title><description>Achieving state market policies depends partly on the extent to which changes in commodity prices are transmitted along supply chains. This paper examines the effect of the National Food Buffer Stock Company (NAFCO) on price transmission between white maize wholesale and retail markets in Kumasi, Ghana. The findings suggest that the speed of price transmission elasticity between the market pair is symmetrical pre-NAFCO, asymmetrical post-NAFCO, and asymmetrical over the entire price series. Decreases in prices in the wholesale market are transmitted more quickly to consumers, whilst price increases are passed through sluggishly by retailers. The before- and after- NAFCO regimes show that government intervention through the marketing activities of NAFCO has created an imperfect market environment for maize traders, resulting in asymmetry in the speed of price adjustment in the retail market.</description><subject>asymmetric price transmission</subject><subject>Community/Rural/Urban Development</subject><subject>Demand and Price Analysis</subject><subject>national food buffer stock company</subject><subject>threshold error correction</subject><subject>vertical price transmission</subject><subject>white maize market</subject><issn>1993-3738</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>JAG</sourceid><recordid>eNotUD1PwzAQ9QASVenM6j-QcI6dOBkhogWpgqFljq5nuwk0dhUnA_-eVO107-l9SO8YexKQZhmAesZjain4VIIABXdsIapKJlLL8oGtYvwBACEVqCpbsN2-tbzrz0gjD46PM_vEsQseT3wdguGvk3N24Lsx0C-vw-z0fzx4fh46snwc0Me-i3FO8M7zTYseH9m9w1O0q9tdsu_1275-T7Zfm4_6ZZuQ0HJMZK7ICacN0sEUTki0hVCUZYSUE2T6UJiylKJwgKgNVQJyyI121khr5klLJq69U-8bPF42NwG7G4wWB2qbi2bN1FyfIf8BccBX1g</recordid><startdate>201909</startdate><enddate>201909</enddate><creator>Armah, Ebenezer</creator><creator>Kissi, Evans Appiah</creator><creator>Fiankor, Dela-Dem Doe</creator><scope>JAG</scope></search><sort><creationdate>201909</creationdate><title>The impact of the National Food Buffer Stock Company on price transmission in Ghana</title><author>Armah, Ebenezer ; Kissi, Evans Appiah ; Fiankor, Dela-Dem Doe</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c173t-354cf1f7dacbd6f13ae614c22cac5c027b6d88316f0aa7dc910505d7fed3ed993</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>asymmetric price transmission</topic><topic>Community/Rural/Urban Development</topic><topic>Demand and Price Analysis</topic><topic>national food buffer stock company</topic><topic>threshold error correction</topic><topic>vertical price transmission</topic><topic>white maize market</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Armah, Ebenezer</creatorcontrib><creatorcontrib>Kissi, Evans Appiah</creatorcontrib><creatorcontrib>Fiankor, Dela-Dem Doe</creatorcontrib><collection>AgEcon</collection><jtitle>African journal of agricultural and resource economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Armah, Ebenezer</au><au>Kissi, Evans Appiah</au><au>Fiankor, Dela-Dem Doe</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The impact of the National Food Buffer Stock Company on price transmission in Ghana</atitle><jtitle>African journal of agricultural and resource economics</jtitle><date>2019-09</date><risdate>2019</risdate><volume>14</volume><issue>3</issue><spage>169</spage><epage>183</epage><pages>169-183</pages><issn>1993-3738</issn><abstract>Achieving state market policies depends partly on the extent to which changes in commodity prices are transmitted along supply chains. This paper examines the effect of the National Food Buffer Stock Company (NAFCO) on price transmission between white maize wholesale and retail markets in Kumasi, Ghana. The findings suggest that the speed of price transmission elasticity between the market pair is symmetrical pre-NAFCO, asymmetrical post-NAFCO, and asymmetrical over the entire price series. Decreases in prices in the wholesale market are transmitted more quickly to consumers, whilst price increases are passed through sluggishly by retailers. The before- and after- NAFCO regimes show that government intervention through the marketing activities of NAFCO has created an imperfect market environment for maize traders, resulting in asymmetry in the speed of price adjustment in the retail market.</abstract><doi>10.22004/ag.econ.301040</doi><tpages>15</tpages><edition>311</edition><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1993-3738 |
| ispartof | African journal of agricultural and resource economics, 2019-09, Vol.14 (3), p.169-183 |
| issn | 1993-3738 |
| language | eng |
| recordid | cdi_umn_agecon_oai_ageconsearch_umn_edu_301040 |
| source | AgEcon; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | asymmetric price transmission Community/Rural/Urban Development Demand and Price Analysis national food buffer stock company threshold error correction vertical price transmission white maize market |
| title | The impact of the National Food Buffer Stock Company on price transmission in Ghana |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-30T16%3A46%3A15IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-umn&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20impact%20of%20the%20National%20Food%20Buffer%20Stock%20Company%20on%20price%20transmission%20in%20Ghana&rft.jtitle=African%20journal%20of%20agricultural%20and%20resource%20economics&rft.au=Armah,%20Ebenezer&rft.date=2019-09&rft.volume=14&rft.issue=3&rft.spage=169&rft.epage=183&rft.pages=169-183&rft.issn=1993-3738&rft_id=info:doi/10.22004/ag.econ.301040&rft_dat=%3Cumn%3Eoai_ageconsearch_umn_edu_301040%3C/umn%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_id=info:pmid/&rfr_iscdi=true |