Market resilience in the times of crisis: The case of Darfur

Alessandro De Matteis, Fethiye Burcu Turkmen Ceylan, Bereket Kebede

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Abstract

This article focuses on market behavior during crises. It provides an analysis of market functioning in North Darfur, Sudan, over a decade when both natural and manmade disasters were experienced. Results obtained using two rigorous methodological approaches highlight how markets not only remained functional during crises, but even operated more efficiently after a shock than in normal conditions. While our analysis focuses on specific events, we argue that our findings have general validity and application.

Original languageEnglish
Pages (from-to)1107-1127
Number of pages21
JournalReview of Development Economics
Volume25
Issue number3
Early online date4 May 2021
DOIs
Publication statusPublished - Aug 2021

Keywords

  • Darfur
  • crisis
  • market integration
  • market-based interventions
  • price transmission

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