This paper investigates the respective roles of spatial integration and arbitrage costs in explaining the adjustment of local prices to policy changes using the example of Ghana. We introduce a model of price formation and market integration that incorporates the price transmission process...

The paper presents a model to analyze the adjustment of prices of non-traded food staples to changes in global food prices via the response of traded commodities in domestic markets. It shows that the impact on local prices of shocks originating in global markets lasts much longer than suggested...

In addition to global developments and food policy changes, 2014 also saw important developments with potentially wide repercussions in individual countries and regions. This chapter offers perspectives on major food policy developments in various regions including Africa, the Middle East and...

Africa.s improved growth performance over the last 15 years provides an opportunity for the continent to transit from recovery to structural transformation. This paper reviews the evolution of development theory and practice, the role of agriculture there

Using the most recent data from Tanzania, we investigate the impacts of district-level health and education expenditures on marginal productivities of agricultural inputs and overall production. We use a covariance structural model combined with a mixed linear model to account for the...