Market liberalization and integration of maize markets in Malawi
研究了1984至1991年间马拉维八个主要地点玉米月度零售价格,发现市场自由化促进了市场整合。
The paper studies the extent of market integration of maize markets in Malawi in order to understand how it has been affected by market liberalization. Several measures of integration are introduced to analyze both the comovement of prices and the price adjustment process over time. Monthly retail prices of maize at eight main locations over the period January 1984 to December 1991 are considered. The main conclusion is that liberalization has increased market integration.