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A test of whether millet acreage in Niger is determined by official or private market prices
Author(s) -
Brorsen B. Wade,
Adesina Akinwumi A.
Publication year - 1990
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1990.tb00123.x
Subject(s) - government (linguistics) , test (biology) , economics , agricultural economics , monetary economics , business , biology , paleontology , philosophy , linguistics
Niger has two separate marketing channels for grain: one is the official system operated by the government; the other is a parallel channel of private traders. Researchers or policy‐makers wanting to study effects of price policies on producers are faced with two sets of prices. This paper seeks to answer the question, which prices matter? Non‐nested hypothesis tests are conducted for millet‐acreage response equations. The results show that prices from the larger private market are the prices that matter.