期刊名称:Journal of Development and Agricultural Economics
电子版ISSN:2006-9774
出版年度:2013
卷号:5
期号:9
页码:328-336
DOI:10.5897/JDAE12.134
语种:English
出版社:Academic Journals
摘要:After liberalization of the Zambian economy, farmers were faced with the responsibility of finding the right buyers, negotiating prices and delivering produce leading to them incurring transaction costs. This study aimed at identifying and quantifying transaction costs factors and their impact on maize market participation for small holder farmers in Zambia. The study used primary data collected from a sample of 240 randomly selected households from Zambia’s central Province. The Heckman’s procedure was used to analyze factors affecting the likelihood and extent of participation in maize markets. The logit results (from the Heckman’s two-stage process) show that ownership of assets such as radios and having access to alternative marketing channels increased the likelihood of market participation while the heckit results (OLS corrected for selectivity bias) shows that ownership of ox-carts, increased family size and experience in maize marketing were the factors that increased quantities of maize marketed. The study recommends provision of market information, improving accessibility to markets as well as increasing access to productive assets as means of alleviating impact of transaction costs.