Structural Model of Agricultural Markets in Developing Countries
针对传统模型不适用于多市场背景的问题,开发了一个包含解释变量的结构模型,用于评估单个市场整合的概率,并应用于马达加斯加省内大米市场,发现56%的市场是整合的,高犯罪率地区整合度较低。
Switching regime models, including the Parity Bounds Model, are commonly used for assessing market integration, although they are not well suited to multiple market contexts. We develop an alternative structural model of markets that incorporates explanatory variables and generates the probability that a single market is integrated, therefore making it possible to identify specific factors or regions of a country associated with low integration. Our application to intraprovincial rice markets in Madagascar predicts that 56% of markets are integrated. High crime areas are less likely to be integrated, while the center of the country has a higher level of integration.