An econometric analysis of spatial market integration and price formation in the Namibian sheep industry
| dc.contributor.author | Ijambo, Bertha Deshimona | |
| dc.date.accessioned | 2023-03-24T05:36:39Z | |
| dc.date.available | 2023-03-24T05:36:39Z | |
| dc.date.issued | 2017-12 | |
| dc.description.abstract | The Namibian government introduced the Small Stock Marketing Scheme (SSMS) for the sheep market in 2004. The SSMS is a quantitative export restriction. Quantitative export restriction policies decrease the tradable quantity of a commodity, and increases domestic supply of a commodity, causing a lack of equilibrium in spatial markets. This, therefore, has the capacity to hinder market integration. Moreover, a quantitative export restriction disrupts the domestic supply and demand, and ultimately the equilibrium prices. A policy such as the quantitative export restriction therefore determines the domestic price levels. The effect of the SSMS on spatial market integration and price formation remains unclear. A lack of empirical evidence on spatial sheep market integration and domestic price levels can create challenges for policy makers. This is because a lack of evidence could prevent policy makers from implementing evidence-based policies, which might buffer poor consumers and producers from adverse price shocks, and lead to improved resource allocation. | en_US |
| dc.identifier.uri | https://publication.aercafricalibrary.org/handle/123456789/3542 | |
| dc.publisher | African Economic Research Consortium | en_US |
| dc.subject | Market integration, price formation, government intervention, quantitative export restrictions, Namibia’s sheep market | en_US |
| dc.title | An econometric analysis of spatial market integration and price formation in the Namibian sheep industry | en_US |