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Journal of African Economies Advance Access originally published online on March 1, 2006
Journal of African Economies 2007 16(1):102-133; doi:10.1093/jae/ejk008
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© The author 2006. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

Maize Market Liberalisation in Benin: A Case of Hysteresis

Clemens Lutza,*, W. Erno Kuiperb and Aad van Tilburgb

a Faculty of Management and Organization, University of Groningen, Landleven 5, 9747 AD, Groningen, The Netherlands
b Marketing and Consumer Behaviour Group, Department of Social Sciences, Wageningen University, Wageningen, The Netherlands

* Corresponding authors. E-mail address: c.h.m.lutz{at}rug.nl

This article analyses the effect of 10 years of ‘liberalisation’ policy on price integration in the Beninese maize market. The comparison of price series for two periods, before and after the policy change, shows that the expected positive effect is not confirmed by co-integration analysis. Though markets were, and are, integrated in the long run, the sluggish speed of adjustment has not improved, which is why observed price differences between market places are often larger than marketing costs can justify. We conclude that the liberalisation policies did not significantly affect maize market integration and that, therefore, more effective policy instruments are required in order to strengthen the competitive forces in the market.

JEL classification: R15 • C32


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