Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses

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cg.authorship.typesCGIAR single centreen_US
cg.authorship.typesCGIAR and developing country instituteen_US
cg.authorship.typesCGIAR and advanced research instituteen_US
cg.contributor.affiliationBahir Dar Universityen_US
cg.contributor.affiliationInternational Center for Agricultural Research Instituteen_US
cg.contributor.affiliationInternational Food Policy Research Instituteen_US
cg.contributor.affiliationGondar Agricultural Research Centeren_US
cg.contributor.donorCGIAR Trust Funden_US
cg.contributor.initiativeRethinking Food Marketsen_US
cg.coverage.countryEthiopiaen_US
cg.coverage.regionAfricaen_US
cg.coverage.regionEastern Africaen_US
cg.coverage.regionSouthern Africaen_US
cg.creator.identifierGirma T. Kassie: 0000-0001-7430-4291en_US
cg.creator.identifierGashaw T. Abate: 0000-0003-2026-8066en_US
cg.creator.identifierNicholas Minot: 0000-0001-9657-0427en_US
cg.howPublishedGrey Literatureen_US
cg.identifier.projectIFPRI - Markets, Trade, and Institutions Uniten_US
cg.identifier.publicationRankNot rankeden_US
cg.placeWashington, DCen_US
cg.reviewStatusInternal Reviewen_US
cg.subject.impactAreaNutrition, health and food securityen_US
dc.contributor.authorTazeze, Aemroen_US
dc.contributor.authorKassie, Girma T.en_US
dc.contributor.authorAbate, Gashaw T.en_US
dc.contributor.authorWorku, Yonasen_US
dc.contributor.authorAsnake, Woinisheten_US
dc.contributor.authorMinot, Nicholasen_US
dc.date.accessioned2025-01-24T19:48:46Zen_US
dc.date.available2025-01-24T19:48:46Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/169871en_US
dc.titleCointegration analysis of sesame prices in Ethiopian commodity exchange warehousesen_US
dcterms.abstractThis study examines the cointegration of sesame market prices in eight Ethiopian Commodity Exchange (ECX) warehouses and its implications for improving the functioning of sesame markets. We analyzed 489 weekly market price data points for each of the eight ECX warehouses, covering the period from end of 2014 to mid-2024. We estimate the Multivariate Vector Error Correction Model (ECM) to analyze short- and long-term spatial price adjustments across warehouses. Of the eight warehouses, six showed significant spatial integration. The VECM results showed effective price transmission and strong short- and longterm market relationships. Short-term dynamics particularly revealed complex interactions. These findings highlight the varying impacts of price fluctuations between warehouses and the need to understand these interactions for better strategic decision making, resource allocation, and pricing strategy refinement. Furthermore, accelerating the speed of price pass through is vital to improve the livelihoods of sesame farmers in Ethiopia.en_US
dcterms.accessRightsOpen Accessen_US
dcterms.audienceCGIARen_US
dcterms.bibliographicCitationTazeze, Aemro; Kassie, Girma T.; Abate, Gashaw T.; Worku, Yonas; Asnake, Woinishet; and Minot, Nicholas. 2024. Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses. CGIAR Initiative on Rethinking Food Markets Technical Report December 2024. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/169871en_US
dcterms.extent39 p.en_US
dcterms.issued2024-12-24en_US
dcterms.languageenen_US
dcterms.licenseCC-BY-NC-4.0en_US
dcterms.publisherInternational Food Policy Research Instituteen_US
dcterms.subjectmarket pricesen_US
dcterms.subjectcommodity marketsen_US
dcterms.subjectfarmersen_US
dcterms.subjectlivelihoodsen_US
dcterms.subjectsesame seeden_US
dcterms.subjectfood securityen_US
dcterms.typeReporten_US

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