Zimbabwe
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World Bank, Washington, DC
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The purpose of this policy note is to
provide evidence on the level of integration between
Zimbabwe’s domestic markets for grain and staple foods.
Efficient and integrated agricultural markets are an
important vehicle for growth and poverty reduction. The note
determines whether Zimbabwe’s provincial markets are
integrated and explores the determinants of market
integration. It provides estimates of the speed of
adjustment between markets pairs. The analysis investigates
the extent to which distances and demand for the products
determine market integration. The paper concludes with a
discussion of other structural or policy related factors
that affect integration and efficiency of domestic markets.
Palabras clave
HOUSEHOLD INCOMES, GRAIN INDUSTRY, DEFICIT, AGRICULTURAL GROWTH, EFFICIENT MARKETS, MILLING, INTENSIVE FARMING, PROFIT MARGINS, PRODUCTION, LAGS, AGRICULTURAL PRODUCTION, DOMESTIC MARKET, ELASTICITY, TRADE FLOWS, PORTFOLIO, WELFARE, GRAIN PRICES, INCENTIVES, WORLD MARKETS, VARIABLES, ADMINISTRATIVE CONTROLS, PRICE, TRANSACTION COST, INTERNATIONAL BANK, RETAIL, TRENDS, MARKET ENTRY, INFLUENCE, COSTS, AGRICULTURAL MARKETS, PRICE VOLATILITY, PRODUCTS, SURPLUS, TRADING, OPTIONS, WORLD MARKET INTEGRATION, MARKETING, MARKETS, DEFICITS, RETURN, WORLD PRICES, IMPORTS, LIVESTOCK, REGISTRATION FEES, PRODUCT, FARMERS, VOLUME, COMMODITY PRICE, CROPS, FINANCE, MARKET TRANSACTIONS, BROKER, BROKERS, COMBINES, EXPENDITURE, TRANSACTIONS, TRANSACTION, MARKET SEGMENTATION, GOOD, FOOD SECURITY, AGRICULTURAL PROGRAMS, DOMESTIC MARKETS, VOLATILITY, PRICE ADJUSTMENTS, FOOD PROGRAM, MARKET ENTRY COSTS, VALUE, RETURNS, DEMAND, FARMING HOUSEHOLDS, AGRICULTURAL MARKETING, PRICE CHANGES, AGRICULTURE, CONSUMERS, THIN MARKETS, PRICE ADJUSTMENT, LOCAL MARKETS, SALE, SHARES, BALANCE SHEET, NATIONAL PRODUCTION LEVELS, TRANSACTION COSTS, MARKET, ACCESS TO MARKETS, AGRICULTURAL MARKET, INFRASTRUCTURE INVESTMENTS, COTTON, TRADE, GDP, SECURITY, FARM, RANDOM WALK, HOUSEHOLDS, COMPARATIVE ADVANTAGE, SHARE, POVERTY, TRANSACTIONS COSTS, SUPPLY, FEED, PRODUCT MARKETS, PROFIT, EXPORT, INVESTMENTS, MARKET INTEGRATION, CHECK, COMMODITIES, ARBITRAGE, COMMERCIAL FARMING, MAIN PRODUCING, WORLD MARKET, GRAIN, GUARANTEE, PRICES, SPREAD, SUGAR