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A model of West African millet prices in rural markets
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
ID 2736412
Author(s) Higgins, Nathaniel; Hintermann, Beat; Brown, Molly
Author(s) at UniBasel Hintermann, Beat
Year 2015
Title A model of West African millet prices in rural markets
Journal Food policy
Volume 52
Pages / Article-Number 33-43
Keywords Millet, Cereal, West Africa, Price forecasting, Remote sensing, NDVI, Regional panel data
Abstract In this article we specify a model of millet prices in the three West African countries of Burkina Faso, Mali, and Niger. Using data obtained from USAID’s Famine Early Warning Systems Network (FEWS NET) we present a unique regional millet price forecasting model that takes advantage of the panel nature of our data and accounts for the distance of rural markets from capital cities. Another novel aspect of our analysis is our use of the Normalized Difference Vegetation Index (NDVI) to detect and control for variation in conditions for productivity. We find that including NDVI information significantly improves price forecasts.
Publisher Elsevier
ISSN/ISBN 0306-9192
Full Text on edoc Restricted
Digital Object Identifier DOI 10.1016/j.foodpol.2014.09.011
ISI-Number WOS:000353737300004
Document type (ISI) Article

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