A test of market integration: the case of Nigerian staple foodstuffs

Abstract

This study attempts to obtain conclusions about the integration of the Nigerian foodstuff market system. The major pre-occupation of this study is to determine the presence and level of integration in Nigeria's foodstuff market system. A typical bivariate regression model to test for market integration between two markets under the traditional static method is applied. The findings from the study corroborate previous findings of low integration of foodstuff market system in Nigeria. Market integration is found to be present in Nigeria's rural and urban foodstuff markets.

African Journal of Economic Policy Vol. 9(2) 2002: 117- 139