DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA
This study tested for spatial integration in the rice market and the substitution of imported rice for local rice in Ghana. It is established that the markets for domestic imported rice are well-integrated, but not complete. The imperfect spatial integration of domestic foreign rice markets implies...
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| Format: | Article |
| Language: | English |
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Slovak University of Agriculture
2014-11-01
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| Series: | Review of Agricultural and Applied Economics |
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| Online Access: | http://roaae.org/wp-content/uploads/2014/11/RAAE_02_2014_Adom.pdf |
| _version_ | 1811289993612623872 |
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| author | Philip Kofi ADOM |
| author_facet | Philip Kofi ADOM |
| author_sort | Philip Kofi ADOM |
| collection | DOAJ |
| description | This study tested for spatial integration in the rice market and the substitution of imported rice for local rice in Ghana. It is established that the markets for domestic imported rice are well-integrated, but not complete. The imperfect spatial integration of domestic foreign rice markets implies that the market provides opportunities for arbitrage. Price leadership roles are found to be determined by the kind of sub-inter-regional-trade network defined. However, in all, the Accra market emerged as a dominant market leader in the domestic foreign rice market. There is evidence of significant regional substitution of foreign rice for local rice in the long run, but the result is mixed in the short run. The result that local rice is not a perfect substitute for imported rice implies that price disincentive measures such as increasing the import tariffs on foreign rice will only produce a mild effect on increasing the producer price faced by local rice farmers, but aggravate the burden on households’ budget. |
| first_indexed | 2024-04-13T04:05:05Z |
| format | Article |
| id | doaj.art-072c3d4b2ca140dca1bf5f1386616a29 |
| institution | Directory Open Access Journal |
| issn | 1336-9261 |
| language | English |
| last_indexed | 2024-04-13T04:05:05Z |
| publishDate | 2014-11-01 |
| publisher | Slovak University of Agriculture |
| record_format | Article |
| series | Review of Agricultural and Applied Economics |
| spelling | doaj.art-072c3d4b2ca140dca1bf5f1386616a292022-12-22T03:03:19ZengSlovak University of AgricultureReview of Agricultural and Applied Economics1336-92612014-11-01172496410.15414/raae.2014.17.02.49-64440-1DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANAPhilip Kofi ADOMThis study tested for spatial integration in the rice market and the substitution of imported rice for local rice in Ghana. It is established that the markets for domestic imported rice are well-integrated, but not complete. The imperfect spatial integration of domestic foreign rice markets implies that the market provides opportunities for arbitrage. Price leadership roles are found to be determined by the kind of sub-inter-regional-trade network defined. However, in all, the Accra market emerged as a dominant market leader in the domestic foreign rice market. There is evidence of significant regional substitution of foreign rice for local rice in the long run, but the result is mixed in the short run. The result that local rice is not a perfect substitute for imported rice implies that price disincentive measures such as increasing the import tariffs on foreign rice will only produce a mild effect on increasing the producer price faced by local rice farmers, but aggravate the burden on households’ budget.http://roaae.org/wp-content/uploads/2014/11/RAAE_02_2014_Adom.pdfSpatial integrationCommodity substitutionGhanaRice market |
| spellingShingle | Philip Kofi ADOM DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA Review of Agricultural and Applied Economics Spatial integration Commodity substitution Ghana Rice market |
| title | DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA |
| title_full | DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA |
| title_fullStr | DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA |
| title_full_unstemmed | DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA |
| title_short | DETERMINATION OF SPATIAL INTEGRATION AND SUBSTITUTION OF FOREIGN RICE FOR LOCAL RICE IN GHANA |
| title_sort | determination of spatial integration and substitution of foreign rice for local rice in ghana |
| topic | Spatial integration Commodity substitution Ghana Rice market |
| url | http://roaae.org/wp-content/uploads/2014/11/RAAE_02_2014_Adom.pdf |
| work_keys_str_mv | AT philipkofiadom determinationofspatialintegrationandsubstitutionofforeignriceforlocalriceinghana |