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The Transition to a Market-Based Agricultural Economy in Malawi: A Multi-Market Analysis

This paper uses empirical data to develop a multi-market model for Malawi. The model is used to simulate the effects on production, consumption, real household income, and trade as a result of: changes in the world price of traded commodities, exogenous changes in the production level of important crops, increases in the efficiency of the domestic maize market, and a depreciation in the real exchange rate.