ANALYZING PRICE TRANSMISSION IN THE NIGERIAN CATTLE MARKET

Q3 Economics, Econometrics and Finance

International Journal of Economic Policy in Emerging Economies Pub Date : 2022-01-13 DOI:10.47941/ijecop.756

Y. Bulama, C. Ojo, Y. Bila

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Abstract

The study analysed price transmission in the Nigerian cattle market. Time series price data, for ten states (Borno, Cross River, Edo, Kano, Nassarawa, Osun, Oyo, Plateau, Yobe and Zamfara) for the years, 2002-2017 were used for the analysis. The summarised result on Threshold Vector Error Correction model showed that positive and negative deviations for eight states (Borno, Cross River, Edo, Nassarawa, Osun, Plateau, Yobe and Zamfara) exceeded their respective threshold values. Also all the values of the above threshold values are not equal to the below threshold values,indicating the presence of asymmetric transmission. The presence of asymmetric transmission showed price changes along the chain (from farmer/marketer to consumer) was greater than the market costs of handling cattle and agents will be in a greater position to implement price changes before transmission takes place. This indicates strong asymmetric price transmission since price changes moved from bottom of the chain to the top. There is need to improve on the market information system in the country so that information will flow to all the markets.

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分析尼日利亚牛市场的价格传导

该研究分析了尼日利亚牛市场的价格传递。使用2002-2017年10个州(博尔诺州、克罗斯河州、江户州、卡诺州、纳萨拉瓦州、奥孙州、奥约州、高原州、约贝州和扎姆法拉州)的时间序列价格数据进行分析。阈值向量误差修正模型的汇总结果显示，8个州(博尔诺州、克罗斯河州、江户州、纳萨拉瓦州、奥孙州、高原州、约贝州和扎姆法拉州)的正负偏差均超过了各自的阈值。并且上述阈值的所有值都不等于以下阈值，说明存在不对称传输。不对称传播的存在表明，整个链条(从农民/营销人员到消费者)的价格变化大于处理牛的市场成本，代理商将更有能力在传播发生之前实施价格变化。这表明强烈的不对称价格传导，因为价格变化从链的底部移动到顶部。有必要改进国内的市场信息系统，使信息能够流向所有的市场。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Economic Policy in Emerging Economies Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

1.50

自引率

0.00%

发文量