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Published Online: 2013-05-22
Limited processing is a typical characteristic of many agricultural markets in developing countries (see Sexton 1990).
When data were collected, one Ghanaian cedi (GHS) was equivalent to US$0.71.
Table 6 in the Appendix presents results of a simple OLS of our model specifications. While in terms of significance the OLS results are similar to the results in the instrumental variable regressions, they are smaller in magnitude.
See Fafchamps, M. and R. V. Hill. 2005 for similar methodology.
See, for example, http://www.irinnews.org/Report.aspx?ReportId=83980.