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Agricultural and Resource Economics Commons™
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Articles 1 - 2 of 2
Full-Text Articles in Agricultural and Resource Economics
Increasing Returns To Marketing In Zambian Maize Markets, Gelson Tembo, Thomas S. Jayne
Increasing Returns To Marketing In Zambian Maize Markets, Gelson Tembo, Thomas S. Jayne
Zambia Social Science Journal
The article investigates the existence of market externalities due to increasing returns to marketing. Panel data on 198 pairs of maize markets in Zambia and correlated random effects linear and tobit estimators were used to model the relationship between market externalities and producer-to-wholesale marketing margins. This article is one of the first to explicitly account for unobserved local market heterogeneity in a developing country context. The results suggest that Zambian smallholder maize markets are substantially specialized with significant margin-reducing own externality effects and insignificant cross-externality effects. The results also indicate that the unobserved market effects exert a systematic influence on …
Fostering Food Market Development In Zambia, Gelson Tembo, Antony Chapoto, Thomas Jayne, Michael Weber
Fostering Food Market Development In Zambia, Gelson Tembo, Antony Chapoto, Thomas Jayne, Michael Weber
Zambia Social Science Journal
This article assesses major features of the Zambian agricultural market that have led to the underdevelopment of the staple food marketing system, reviews existing empirical evidence explaining the variable performance of the maize sub-sector, and suggests potential corrective measures. As smallholder farmers in agricultural markets are considered to be vitally important to the attainment of food security, special attention is placed on how the current system affects these farmers, and on how to foster improved participation. The role and potential of new generation cooperatives is also considered.We identify seven major areas in need of serious and coordinated attention if the …