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Spatial Integration of Bulls and Oxen Markets in Ethiopia

Abstract: 

This Study Investigates The Extent And Efficiency Of Integration In Bulls And Oxen Markets In Ethiopia. Market Integration And Efficiency Analyses Are The Crux Of Policy Debates On Liberalization, Pricing Policy, And Restructuring Marketing Institutions And Infrastructure. Improved Integration Of Markets In Cattle Surplus And Final Demand Areas Benefit Farmers, As Market Price And Other Information Flow Fast Between These Markets. This Leads To Improved Commercialization Of Production, Which Is Currently Only At Its Infancy, Consequently Leading To Improvements In Quality And Quantity Of Cattle Supplied. Threshold Autoregressive Model Was Applied On Csa Monthly Price Data Of Bulls And Oxen Collected At 115 Points In Time During The July 2001-January 2011 Period, Covering 50 Markets. Results Of Analysis Lead To 5 Observations, With Exceptions In Each Of The Cases And Animal Types. First, Close Intraregional Markets Are More Often Integrated Than Those That Are Apart. Second, Interregional Markets Are Integrated When Close To Each Other, Mainly Along Micro Trade Routes Serving Major Trade Routes And Marketing Sheds, Both Suggesting Proximity Of Markets Helps Better Integration. Third, A Large Number Of Market Pairs Are Integrated In Prices Of Both Cattle Types Than In Only One. Moreover, Perform In Terms Efficiency Was Relatively Similar In Both Cattle Markets And Whether The Markets Are Integrated In Only One Or Both Cattle Price. Fourth, More Interregional Markets Are Integrated In Only Bulls' Prices Than In Oxen. Larger Frequency Of Integration In Bulls Markets Than In Oxen Among Non-Local Markets Appears To Support Descriptive Analysis That Found Three-Quarters Of Cattle Are Traded Amongst Farmers That Largely Buy Older Cattle For Draught Power From Local Markets. Unlike Oxen, Bulls Are Destined For End-Consumption And They Are Moved Across Regional Boundaries, Which Are Integrated In Bulls' Prices More Frequently. Finally, Nationwide As Well As Regional Relative Threshold Values Declined Significantly Among All Groups And Cattle Types. This May Have Resulted From Improvements in Physical Infrastructures and Improvement In Marketing Information

Corporate Author: 
Getnet Alemu & Worku Gebeyehu (Editor) & Ethiopian Economic Association/Ethiopian Economic Policy Research Institute
Publisher: 
Ethiopian Economic Association (EEA)
ISBN/ISSN: 
978-99944-54-24-2
Primary Descriptors: 

Bulls and Oxen Market

Geographic Descriptors: 
Ethiopia
Cataloge Date: 
02/27/2013
Broad Subject heading: 
Agriculture And Natural Resources
Call Number: 
330.963 PRO 2012
Serial Key Title: 
Proceedings of the Ninth International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Volume: 
I
Publication date: 
2013-06-27 23:12:00
Forum or Discussion date: 
2013-02-27 15:43:20
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Annualy