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Provedor de dados:  AgEcon
País:  United States
Título:  Local Impacts of a Global Crisis - Food Price Transmission and Poverty Impacts in Ghana
Autores:  Cudjoe, Godsway
Breisinger, Clemens
Diao, Xinshen
Data:  2009-06-15
Ano:  2009
Palavras-chave:  Crisis
Price transmission
Cointegration analysis
Household model
Ghana
Food Security and Poverty
International Development
Q13
R20
Resumo:  This paper takes a local perspective on global food price shocks by analyzing food price transmission between regional markets in Ghana. It also assesses the impacts of food price increases on various household groups. Taking the recent global food crisis as an example, we find that prices for domestic staples are highly correlated with prices for imported rice. However, price transmission between pairs of domestic regional markets is limited; it is complete for local rice and maize only when more rigorous cointegration analysis is applied. Our findings also show the important role of seasonality in the determination of market integration and price transmission. The welfare effect for households as consumers appears relatively modest at the aggregate national level due to relatively diverse consumption patterns. However, the national average hides important regional differences, both between regions and within different income groups. We find that the poorest of the poor—particularly the urban poor—are the hardest hit by high food prices. The negative effect of the food crisis is particularly strong in northern Ghana. Different consumption patterns, in which grains account for a larger share of the consumption basket in the north compared to the rest of the country, together with much lower initial per capita income levels, are the main explanations for this regional variation in the price effect.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  http://purl.umn.edu/51089
Relação:  International Association of Agricultural Economists>2009 Conference, August 16-22, 2009, Beijing, China
Contributed Paper
192
Formato:  25
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