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Market Linkages (market + linkage)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting75%

Selected Abstracts

Stock Market Linkages in South,East Asia

ASIAN ECONOMIC JOURNAL, Issue 4 2002
Thiam Hee Ng
The present paper examines the linkages between the South,East Asian stock markets following the opening of the stock markets in the 1990s. No evidence was found to indicate a long,run relationship among the South,East Asian stock markets over the period 1988,1997; however, correlation analyses indicate that the South,East Asian stock markets are becoming more integrated. The results from the time,varying parameter model also show that the stock market returns of Indonesia, the Philippines and Thailand had all become more closely linked with that of Singapore. [source]

Moving off the farm and intensifying agricultural production in Shandong: a case study of rural labor market linkages in China

AGRICULTURAL ECONOMICS, Issue 2 2009
Jikun Huang
Off-farm employment; Fruit production; Labor market; Linkages Abstract This study examines linkages between off-farm labor markets and the labor allocated by farmers to on-farm production of fruit crops. Using a stratified random sample of rural households in Shandong Province, we find that young and educated members of the labor force tend to work more frequently in the off-farm labor market, and that off-farm employment reduces the likelihood and intensity of fruit production. Fruit production is associated with lower levels of off-farm employment. Households and individuals who are less likely (or able) to find off-farm employment can benefit from shifting into fruit production. Although off-farm employment is an important avenue out of poverty, fruit production provides ways for the less educated and older households to raise their income. [source]

Rural market imperfections and the role of institutions in collective action to improve markets for the poor

NATURAL RESOURCES FORUM, Issue 1 2008
Bekele Shiferaw
Abstract Many countries in sub-Saharan Africa have liberalized markets to improve efficiency and enhance market linkages for smallholder farmers. The expected positive response by the private sector in areas with limited market infrastructure has however been very limited. The functioning of markets is constrained by high transaction costs and coordination problems along the production-to-consumption value chain. New kinds of institutional arrangements are needed to reduce these costs and fill the vacuum left when governments withdrew from markets in the era of structural adjustments. One of these institutional innovations has been the strengthening of producer organizations and formation of collective marketing groups as instruments to remedy pervasive market failures in rural economies. The analysis presented here with a case study from eastern Kenya has shown that marketing groups pay 20,25% higher prices than other buyers to farmers while participation was also positively correlated with adoption of improved dryland legume varieties, crops not targeted by the formal extension system. However the effectiveness of marketing groups is undermined by external shocks and structural constraints that limit the volume of trade and access to capital and information, and require investments in complementary institutions and coordination mechanisms to exploit scale economies. Successful groups have shown high levels of collective action in the form of increased participatory decision making, member contributions and initial start-up capital. Failure to pay on delivery, resulting from lack of capital credit, is a major constraint that stifles competitiveness of marketing groups relative to other buyers. These findings call for interventions that improve governance and participation; mechanisms for improving access to operating capital; and effective strategies for risk management and enhancing the business skills of farmer marketing groups. [source]

Explaining Stock Market Correlation: A Gravity Model Approach

THE MANCHESTER SCHOOL, Issue S1 2002
Thomas J Flavin
A gravity model, frequently used to explain trade patterns, is used to explain stock market correlations. The main result of the trade literature is that geography matters for goods markets. Physical location and trading costs should be less of an issue in asset markets. However, we find that geographical variables still matter when examining equity market linkages. In particular, the number of overlapping opening hours and sharing a common border tends to increase cross,country stock market correlation. These results may stem from asymmetrical information and investor sentiment, lending some empirical support for these explanations of the international diversification puzzle. [source]