Fafchamps, M.Gavian, S.2016-04-192016-04-191996Journal of African Economies 5(3): 366-4050963-8024http://hdl.handle.net/10919/65796Metadata only recordA study of the integration of livestock markets in Niger is presented. Analysis is based on data of 15 animal categories collected monthly in 38 districts over a period of 21 years (1968-88). Price variability over space is examined by testing whether Nigerian livestock prices are spatially integrated. It is shown that livestock markets are poorly integrated. Prices are seldom co integrated, suggesting that large price differentials occasionally persist between adjacent areas for long periods of time. A parity bounds approach indicates that one has to assume high transportation costs and large quality variations to reconcile the data with efficient spatial arbitrage. These results confirm descriptive studies that have emphasized regional segmentation in West African livestock trade. (CAB Abstracts)text/plainen-USIn CopyrightMarketsLivestockLocal marketsLivestockMarket integrationDomestic marketsPricesFarm/Enterprise Scale Field ScaleAbstractCopyright Centre for the Study of African Economies