Institutions and market integration: The case of coffee in the Ethiopian commodity exchange

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dc.creatorHernandez, Manuel A.
dc.creatorRashid, Shahidur
dc.creatorLemma, Solomon
dc.creatorKuma, Tadesse
dc.date2015-09-25
dc.date2024-08-01T02:49:40Z
dc.date2024-08-01T02:49:40Z
dc.date.accessioned2026-06-27T15:08:33Z
dc.descriptionWhile the Ethiopian Commodity Exchange (ECX) is widely credited to be a successful on several accounts, there has been little rigorous empirical investigation. This paper attempts to fill that gap by analyzing how ECX has influenced the international-domestic price relationships of coffee—the largest traded commodity on its floor. We examine three aspects of price dynamics—market interdependence, volatility transmission, and structural breaks—using a spatially disaggregated prices of five coffee varieties. The results indicate that contrary to popular media stories, ECX’s success in improving coffee price relationships has been limited. The results appear to be robust under all three sets of analysis.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/149640
dc.identifier.urihttp://hdl.handle.net/123456789/95797
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://hdl.handle.net/10568/149816
dc.relationhttps://hdl.handle.net/10568/154499
dc.relationhttps://hdl.handle.net/10568/154833
dc.relationhttps://hdl.handle.net/10568/153830
dc.relationhttps://doi.org/10.2499/p15738coll2.134408
dc.relationhttps://doi.org/10.1093/ajae/aaw101
dc.rightsOpen Access
dc.sourceHernandez, Manuel A.; Rashid, Shahidur; Lemma, Solomon and Kuma, Tadesse. 2015. Institutions and market integration: The case of coffee in the Ethiopian commodity exchange. IFPRI Discussion Paper 1464. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/149640
dc.subjectmarket economies
dc.subjectmarkets
dc.subjectcoffee
dc.subjectprice volatility
dc.subjectprices
dc.subjectcommodity markets
dc.subjectgovernance
dc.titleInstitutions and market integration: The case of coffee in the Ethiopian commodity exchange
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)