Market Integration Analysis in Selected Rice Markets of Myanmar

概要

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This study was analyzed the price integration for selected rice markets in Myammar from April 2001 to May 2004. The purpose of this analysis was to understand market functioning for helping lawnmarkets further developing the rice market. In order to make a liberalization of the rice market there has to be certain specific market improvements in behavious and relationships between central and local rice markets. The Autoregressive Distributed Lag model establishes existance of a long-run integration between pairs of markets. This indicates the influence of the Yangon Central Market price in the long-run to rocal markets. Error Correction Model results show the lack of short-run integration even though market segmentation does not exist. Insufficient transportation and communication facilities, lack of price transparency, and improper supporting services of middlemen cause inefficiant price adjustment between the markets in the short-run. But, seevral markets show a significant time lag. The scope of improvement in market performance is ample. Privatization process in this market will face mahor challenges unless this situation is corrected.
九州大学の論文