ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS
Poor market integration affects market liberalization and handling of shocks such as covid-19. This study, therefore, investigates the market integration of tomato and its determinants in Nigeria. Johansen co-integration techniques, autoregressive distributed lag, the error correction model, bootstr...
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| Format: | Article |
| Language: | English |
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University of Agricultural Sciences and Veterinary Medicine, Bucharest
2022-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.22_1/Art53.pdf |
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| author | Angela Ebere OBETTA Anthonia Ifeyinwa ACHIKE Nnameka Andegbe CHUKWUONE |
| author_facet | Angela Ebere OBETTA Anthonia Ifeyinwa ACHIKE Nnameka Andegbe CHUKWUONE |
| author_sort | Angela Ebere OBETTA |
| collection | DOAJ |
| description | Poor market integration affects market liberalization and handling of shocks such as covid-19. This study, therefore, investigates the market integration of tomato and its determinants in Nigeria. Johansen co-integration techniques, autoregressive distributed lag, the error correction model, bootstrapping regression and granger causality test were used to achieve the objectives of the study. The results revealed that most tomato markets in Nigeria were not integrated. This shows that tomato prices in most markets in different regions of Nigeria were not well integrated which could affect the transmission of price. From the Granger causality test results, ten tomato producing states Granger caused the demanding states, while only two demanding states granger caused the producing states. The adjustment term (-0.849924) shows that the reversion to long-run equilibrium is at an adjustment speed of 84.9924%. Distance, population and self-sufficiency had a negative influence on tomato market integration while the telephone had a positive influence on tomato market integration. Thus, the distance between two markets, population and self-sufficiency inhibits the flow and transmission of price information among tomato markets across the country which, in turn, lower market integration. The presence of telephone in Nigerian markets enhanced the flow of price information from one market to others and consequently increase market integration. These findings call for upgrading and investing in infrastructure, such as roads, and regulating information and telephone services by the government. |
| format | Article |
| id | doaj-art-91c4f1e9b7324c1cbf673ade77f76143 |
| institution | DOAJ |
| issn | 2284-7995 2285-3952 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | University of Agricultural Sciences and Veterinary Medicine, Bucharest |
| record_format | Article |
| series | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| spelling | doaj-art-91c4f1e9b7324c1cbf673ade77f761432025-08-20T03:20:40ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522022-01-012214434561172ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETSAngela Ebere OBETTAAnthonia Ifeyinwa ACHIKENnameka Andegbe CHUKWUONEPoor market integration affects market liberalization and handling of shocks such as covid-19. This study, therefore, investigates the market integration of tomato and its determinants in Nigeria. Johansen co-integration techniques, autoregressive distributed lag, the error correction model, bootstrapping regression and granger causality test were used to achieve the objectives of the study. The results revealed that most tomato markets in Nigeria were not integrated. This shows that tomato prices in most markets in different regions of Nigeria were not well integrated which could affect the transmission of price. From the Granger causality test results, ten tomato producing states Granger caused the demanding states, while only two demanding states granger caused the producing states. The adjustment term (-0.849924) shows that the reversion to long-run equilibrium is at an adjustment speed of 84.9924%. Distance, population and self-sufficiency had a negative influence on tomato market integration while the telephone had a positive influence on tomato market integration. Thus, the distance between two markets, population and self-sufficiency inhibits the flow and transmission of price information among tomato markets across the country which, in turn, lower market integration. The presence of telephone in Nigerian markets enhanced the flow of price information from one market to others and consequently increase market integration. These findings call for upgrading and investing in infrastructure, such as roads, and regulating information and telephone services by the government.https://managementjournal.usamv.ro/pdf/vol.22_1/Art53.pdf |
| spellingShingle | Angela Ebere OBETTA Anthonia Ifeyinwa ACHIKE Nnameka Andegbe CHUKWUONE ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| title | ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS |
| title_full | ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS |
| title_fullStr | ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS |
| title_full_unstemmed | ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS |
| title_short | ANALYSIS OF MARKET INTEGRATION OF NIGERIAN TOMATO MARKETS |
| title_sort | analysis of market integration of nigerian tomato markets |
| url | https://managementjournal.usamv.ro/pdf/vol.22_1/Art53.pdf |
| work_keys_str_mv | AT angelaebereobetta analysisofmarketintegrationofnigeriantomatomarkets AT anthoniaifeyinwaachike analysisofmarketintegrationofnigeriantomatomarkets AT nnamekaandegbechukwuone analysisofmarketintegrationofnigeriantomatomarkets |