@inbook{fcd2487124054ef3b0c2f6ae17a8a97f,
title = "The role of market institutions in trade and economic development in Africa",
abstract = "This chapter contributes to the supply and value chain literature by examining how local commodity exchanges in Africa have co-ordinated the various actors in the commodity markets and the subsequent impacts of this co-ordination on transaction costs. It also examines the value added to the agriculture marketing system. Specifically, the authors use a percentage change analysis and an ordered logit approach to examine the Ethiopian Commodity Exchange (ECX). They found that the ECX helps to reduce transaction costs and improves farmers{\textquoteright} profits by reducing the number of intermediaries involved in coffee trading. Results from the percentage analysis and the ordered logit all confirm that the ECX has a positive impact on the Ethiopian trading system, thereby adding value to the agricultural marketing system.",
keywords = "Commodity exchange, Market institution, Smallholder farmers, Value chain, Global value chain",
author = "Eba, {Bla J.C.} and Struthers, {John J.}",
year = "2019",
doi = "10.1007/978-3-319-77652-1_9",
language = "English",
isbn = "9783319776514",
series = "Palgrave Studies of Sustainable Business in Africa",
publisher = "Palgrave Macmillan",
pages = "265--295",
editor = "A. Adewole and J. Struthers",
booktitle = "Logistics and Global Value Chains in Africa",
address = "United Kingdom",
}
