A Multivariate Approach for Identification of Optimal Locations with in Ethiopia’s Wheat Market to Tackle Soaring Inflation on Food Price

33 Pages Posted: 15 Nov 2009 Last revised: 15 Sep 2016

Date Written: November 14, 2009

Abstract

Based on vector error correction model, persistence profile and common trend estimation, optimal locations, that can be used to stabilize Ethiopian grain market, in general, and wheat market, in particular, are identified. Most of the Ethiopian wheat markets are observed to follow one common trend. This single common trend is mainly determined by producer centers and one deficit market of Jimma. Methodologically the grid search methodology proposed by early authors, in search of one price system, is given both theoretical and empirical justification, in this paper, from institutional economics point of view.

Keywords: Inflation, Ethiopia, Grain market, Cointegration, Common Trend

Suggested Citation

Mezgebo, Taddese, A Multivariate Approach for Identification of Optimal Locations with in Ethiopia’s Wheat Market to Tackle Soaring Inflation on Food Price (November 14, 2009). Available at SSRN: https://ssrn.com/abstract=1506078 or http://dx.doi.org/10.2139/ssrn.1506078

Taddese Mezgebo (Contact Author)

Mekelle University ( email )

Mekelle, 451
Ethiopia
251911480483 (Phone)
251344407610 (Fax)

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