The Response of Ethiopian Grain Markets to Liberalization

Independent
variables "

Market

Addis¹

Bako²

Addis¹

Bahir Dar²

Dire

Dawa¹

Addis²

Dire Dawa¹
Bako²

Dire Dawa¹

Bahir Dar²

Dire Dawa¹
Hosaenna²

Addis¹

Hosaenna²

Mekele¹

Addis²

Constant

-16.03

-4.97

52.38^c

81.23^a

47.41

9.60

-42.78^b

80.12^b

April

1.95

-11.24

2.46

2.46

-8.78

-8.41

-10.87

21.50^c

May

-6.22

12.23

-11.11

-1.78

1.12

-4.70

6.41

21.90^c

Jun

-13.33^b

9.18

-9.09

-1.83

0.09

-9.82

-0.73

36.51^a

July

-8.10

8.37

-7.21

6.54

1.16

-4.29

2.92

35.80^a

Aug

-5.20

8.13

-1.37

19.63

6.76

2.39

3.76

15.05

Sept

-5.70

7.63

-23.30^c

0.83

-15.67

-10.50

12.80

29.26^c

Oct

-14.02

18.87

-33.54^a

-12.68

-14.67

-14.54

19.00

11.68

Nov

-6.70

-2.50

-7.41

1.53

-9.91

-1.00

6.41

18.49

Dec

5.12

-18.86^b

-9.99

-1.36

-28.85^b

0.98

10.97

12.43

Jan

11.92^c

0.14

17.93^c

29.52^b

18.07

22.99^c

5.06

-8.50

Feb

7.08

-8.57

3.74

10.99

-4.83

8.97

5.23

11.69

Dlib12

-0.89

-17.16^a

-4.58

-7.94

-21.74^b

-30.01^a

-25.43^a

-48.36^a

RF¹

-0.10^a

-0.10^a

-0.03

-0.03

-0.03

-0.03

-0.10^a

-0.33^a

RF²

0.06a

0.05

0.10^a

0.06^a

0.05

0.06

0.06

0.10^a

FAID¹

-0.000518^b

-0.000518^b

-0.000166

-0.000166

-0.000166

-0.000166

-0.000518^b

-0.000148^b

FAID²

-0.002

0.000606

0.000518^b

-0.002

0.000606

-0.009156

0.009156

0.000518^b

P¹

^p t-1

0.80^a

0.80^a

0.65^a

0.65^a

0.65^a

0.65^a

0.80^a

0.69^a

P²

^p t-1________________

-0.89^a

-0.62^a

-0.80^a

-0.89^a

-0.62^a

-0.37^a

-0.37^a

-0.80^a