Asymmetric price transmission in food markets in the highlands of central Kenya

@inproceedings{Ngare2012AsymmetricPT,
  title={Asymmetric price transmission in food markets in the highlands of central Kenya},
  author={Lucy Wangare Ngare and Stephen K. Wambugu and Jonathan Makau Nzuma and Chris Shisanya},
  year={2012}
}
This paper investigates the non-linear adjustments between maize and beans markets in the highlands of central Kenya. Results are based on bi-weekly retail price data collected from ten markets in Mbeere and Meru south districts. The error correction model extended by the incorporation of asymmetric adjustment terms was used to study asymmetry in price transmission between the markets. Cointegration technique was used to determine the existence of a long-run price relationship between the maize… CONTINUE READING

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