Trains, Trade, and Transaction Costs

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dc.creatorZant, Wouter
dc.date2019-12-04T22:13:38Z
dc.date2019-12-04T22:13:38Z
dc.date2018-06
dc.date.accessioned2026-07-01T00:39:03Z
dc.descriptionWe measure the impact of low-cost transport by rail in Malawi on the dispersion of agricultural commodity prices across markets by exploiting the quasi-experimental design of the nearly total collapse of domestic transport by rail in January 2003 due to the destruction of a railway bridge at Rivirivi, Balaka. Estimations are based on monthly market prices of four agricultural commodities (maize, groundnuts, rice, and beans) in 27 local markets for the period 1998–2006. Market pairs connected by rail when the railway line was operational are intervention observations. Railway transport services explain a 14 to 17 percent reduction in price dispersion across markets. Geographical reach of trade varies by crop, most likely related to storability and geographical spread of production. Perishability appears to increase impact, reflecting limited scope for arbitrage. Overall, impacts are remarkably similar in size across commodities.
dc.formatapplication/pdf
dc.identifierWorld Bank Economic Review
dc.identifier1564-698X
dc.identifierhttps://hdl.handle.net/10986/32780
dc.identifier10.1596/32780
dc.identifier.urihttp://hdl.handle.net/123456789/408312
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relationWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rightsWorld Bank
dc.subjectDOMESTIC TRADE
dc.subjectCROP PRICES
dc.subjectTRANSACTION COSTS
dc.subjectRAIL INFRASTRUCTURE
dc.titleTrains, Trade, and Transaction Costs
dc.titleHow Does Domestic Trade by Rail Affect Market Prices of Malawi Agricultural Commodities?
dc.typeJournal Article
dc.typeArticle de journal
dc.typeArtículo de revista

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