This study examined the dynamism of price movement between markets and its implication on pricing efficiency in maize markets. Primary data were collected using interview guides. A total of 240 respondents were selected using stratified random sampling technique in 6 rural and 6 urban markets in Ogun State. Weekly retail prices of yellow and white maize for five years (January 1999-December 2003) were analysed using the Bivariate Cointegration test and the Granger causality test to detect the presence and level of price integration.
In Ogun State, domestic production of maize increased by 9 percent a year between 1990 – 2001. Although the growth in maize production may be attributed to cultivating more crop area and/or the adoption of improved open pollinated and hybrid maize varieties which provide the major stimulus for increased yield on the average. Annual growth rate of maize yields was 9.08 percent during 1990 - 2001. Most of the growth came from yellow maize, which increased at 8.92 percent annually, compared with 3.57 percent for white maize. In comparison with other states in South-West however, the Ogun state average yield of 1.41 metric tons per hectare is the lowest.
i. How integrated are the maize markets in the study area?
ii. Are there evidences of lead-lag relationship among spatial maize markets in Ogun State?
iii. Are there evidences of communication of information to integrate spatial markets?
iv. How long does it take information to become common knowledge across spatially dispersed markets (temporal effect)?
v. Are the market systems competitive or not?
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Dedication
- Acknowledgement
- Chapter 1: Introduction
- Background of the Study
- Statement of the Problem
- Objectives of the Study
- Research Questions
- Significance of the Study
- Scope and Limitation of the Study
- Chapter 2: Literature Review
- Chapter 3: Materials and Methods
- Study Area
- Sampling Techniques
- Data Collection Methods
- Data Analysis Techniques
- Chapter 4: Results and Discussion
- Price Integration in Abeokuta Zone
- Price Integration in Ikenne Zone
- Price Integration in Ijebu-Ode Zone
- Market Characteristics
- Constraints to Market Integration
- Chapter 5: Conclusion and Recommendations
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This dissertation investigates the spatial retail price integration of maize markets in Ogun State, Nigeria. The study aims to analyze the dynamism of price movements between different markets and assess the implications for pricing efficiency. It seeks to identify factors influencing price integration and potential constraints hindering perfect market integration.
- Spatial price integration of maize markets
- Pricing efficiency in maize markets
- Factors influencing price movements and integration
- Market characteristics and their impact on price dynamics
- Constraints to perfect market integration
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter 1: Introduction introduces the study, outlining its background, objectives, and significance. It defines the problem of maize market integration and highlights the importance of understanding price dynamics.
Chapter 2: Literature Review examines existing research on maize markets, price integration, and related economic concepts. It provides a theoretical framework for the study.
Chapter 3: Materials and Methods details the research methodology, including the study area, sampling techniques, data collection methods, and statistical analysis used.
Chapter 4: Results and Discussion presents the findings of the study, analyzing price integration across different zones in Ogun State. It examines the cointegration and causality relationships between maize prices in various markets, discusses market characteristics, and identifies constraints to perfect market integration. This chapter analyzes the data collected and discusses the results in relation to the research questions.
Schlüsselwörter (Keywords)
Maize markets, price integration, spatial price analysis, Ogun State, Nigeria, market efficiency, cointegration, Granger causality, market segmentation, price transmission, post-harvest services, market information.
- Quote paper
- Iruansi Itoandon (Author), 2007, Spatial Retail Price Integration of Maize Markets in Ogun State, Munich, GRIN Verlag, https://www.grin.com/document/182670
