Economic reform and food prices: Evidence from markets in Ghana

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dc.contributor.authorAlderman, Harolden
dc.contributor.authorShively, Gerald E.en
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.coverage.spatialGhanaen
dc.coverage.temporal1970 - 1993en
dc.date.accessioned2016-04-19T18:55:05Zen
dc.date.available2016-04-19T18:55:05Zen
dc.date.issued1996en
dc.descriptionMetadata only recorden
dc.description.abstractThe paper investigates trends in food prices in Ghana between 1970-93, during which time a range economic reforms were instigated. Regression results confirm that real wholesale prices of food have been declining since the 1970s. Price trends in the 1980s are characterized by a downward shift at the beginning of the post reform period and a subsequent continuing downward trend. Despite falling grain prices, it is found that agricultural wage rates failed to provide an adequate basis for subsistence, particularly during periods of large seasonal price rises. Many farmers hold grain for both speculation and to smooth income. This view is supported by evidence regarding seasonal price spreads that have been increasing since 1984. No support was found, however, for conclusions of trader manipulation of marketing margins during the adjustment period.en
dc.format.mimetypetext/plainen
dc.identifier821en
dc.identifier.citationWorld Development 24(3): 521-534en
dc.identifier.issn0305-750Xen
dc.identifier.urihttp://hdl.handle.net/10919/65737en
dc.language.isoen_USen
dc.publisherElsevieren
dc.subjectEconomic policyen
dc.subjectIncome generationen
dc.subjectMarket demanden
dc.subjectCerealsen
dc.subjectIncomeen
dc.subjectDemanden
dc.subjectSeasonal variationen
dc.subjectMarketing marginsen
dc.subjectFood pricesen
dc.subjectTrendsen
dc.subjectPricesen
dc.subjectGovernanceen
dc.titleEconomic reform and food prices: Evidence from markets in Ghanaen
dc.typeAbstracten
dc.type.dcmitypeTexten

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