The Response of Ethiopian Grain Markets to Liberalization



Appendix 6 Results of unit root tests1 for white teff prices spreads among different markets

Spread

Level

First Differences

ADF

PP

ADF

PP

Addis - Bako

-2.58c

-2.02

-9.08a

-11.23a

Addis - Bahir Dar

-1.57

-1.50

-8.02a

-13.19a

Dire Dawa - Addis

-4.61a

-5.92a

-11.14a

-17.69a

Dire Dawa - Bako

-3.37b

-2.61c

-9.59a

-13.48a

Dire Dawa - Bahir Dar

-2.33

-2.23

-9.41a

-15.66a

Dire Dawa - Hosaenna

-2.98b

-2.81c

-9.69a

-14.18a

Addis - Hosaenna

-2.45

-2.42

-8.50a

-13.21a

Mekele - Addis

-2.09

-1.81

-5.52a

-b 6.34a

Mekele - Bako

-1.69

-1.26

-6.06a

-6.34a

Mekele - Bahir Dar

-1.62

-1.13

-4.85a

-5.31a

Mekele - Hosaenna

-1.27

-1.03

-5.40a

-6.67a__________

Note 1The unit root tests are conducted for three time periods: period I is from 1987:07 to 1991:03, period II is
from 1991:04 to 1996:06 while the whole series is from 1987:07 to 1996:06.

Note: a, b, and c indicate statistical significance at a probability of less than 1%, 5% and 10% respectively.

-42-



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