The Response of Ethiopian Grain Markets to Liberalization

Independent
variables

Margins

Addis¹

Shashemene²

Addis¹

Jimma²

Mekele¹

Addis²

Dire Dawa¹
Addis²

Addis¹

Bako²

Dire Dawa¹

Shashemene²

Constant

-5.85

12.44

61.32^b

13.99

21.10^a

8.14

March

0.84

-5.38

-15.45

3.63

5.51

4.47

Apr

-4.22

-1.12

-34.64

4.59

-0.80

0.37

May

-4.32

6.95

-14.64

-0.95

2.22

-5.27

Jun

-13.59^b

0.23

12.14

2.39

-5.55

-11.20

July

-0.57

12.42

58.67^b

4.55

7.00

3.98

Aug

5.60

11.43

44.07^c

-2.56

6.09

3.04

Sept

12.01

15.42

40.41

-10.34

11.95

1.67

Oct

16.00^c

20.43

52.17^c

-10.43

14.72

5.57

Nov

2.01

14.96

22.68

-3.07

12.33^c

-1.06

Dec

-2.48

7.79

-8.78

-7.05

3.95

-9.53

Jan

0.16

0.24

-30.29

0.66

3.02

0.82

Dlib12

-6.54^b

1.45

-31.91^a

1.38

0.52

-5.16

RF¹

0.06^b

-0.06^b

-0.62^b

-0.11^c

-0.06^b

-0.11^c

RF²

0.10^a

0.00399

0.06^b

0.06^b

0.03

0.10^a

FAID¹

0.00015

0.00015

0.00018

0.00028

0.00015

0.00028

FAID²

-0.000568

0.013

-0.00015

-0.00015

-0.0009

-0.000568

P¹

^p t-1

0.69^a

0.69^a

0.62^a

0.63^a

0.69^a

0.63^a

P²

^p t-1____________________

-0.51^a

-0.79^a

-0.69^a

-0.69^a

-0.87^a

-0.51^a