Price Transmission in the Zambian Sugar Sector: An Assessment of Market Efficiency and Policy Implications

Brian Chisanga, Ferdinand H. Meyer, Alex Winter-Nelson, Nicholas J. Sitko

Research output: Contribution to journalArticlepeer-review

Abstract

Market liberalisation that swept through Africa starting in the 1990s was intended to promote agricultural growth by stimulating investment in under-capitalised sectors. The article assesses price transmission to better understand market performance following liberalisation and foreign investment. Our findings show weak and asymmetric price transmission. These results imply room for policy interventions to enhance the welfare effects of the growing sugar sector. Weak and asymmetric price transmission also implies that increased access to export markets, as through the European Union (EU) Everything But Arms (EBA) agreement, could have smaller and less widely distributed benefits than would otherwise be the case.

Original languageEnglish (US)
Pages (from-to)113-136
Number of pages24
JournalAgrekon
Volume54
Issue number4
DOIs
StatePublished - Oct 2 2015
Externally publishedYes

Keywords

  • Zambia
  • agriculture
  • investment
  • price transmission
  • sugar

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Agronomy and Crop Science
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Price Transmission in the Zambian Sugar Sector: An Assessment of Market Efficiency and Policy Implications'. Together they form a unique fingerprint.

Cite this