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Domestic policy responses to the food price crisis: The case of Bolivia JARTS
Schüttel, Carsten; Kleinwechter, Ulrich; Ihle, Rico; Grethe, Harald.
In face of the global food crisis of 2007–2008, severe concerns arose about how developing countries would be affected by the extreme short-term fluctuations in international commodity prices. We examine the effects of the crisis on Bolivia, one of the poorest countries of the Americas. We focus on the effectiveness of the domestic policy interventions in preventing spillovers of the development of international food prices to domestic markets. Using a cointegration model, we study price interdependencies of wheat flour, sunflower oil and poultry. The analysis suggests that the policy measures taken had little effect on food security during the food crisis. Throughout the entire period, perfect price transmission between the Bolivian poultry and sunflower...
Tipo: Info:eu-repo/semantics/article Palavras-chave: Agricultural economics agricultural trade policies; Bolivia; Cointegration; Error-correction; Food crisis; Food security; Market integration; Price transmission.
Ano: 2012 URL: http://www.jarts.info/index.php/jarts/article/view/2012011740368
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How do domestic policies affect the integration of Ethiopian fertiliser markets with world markets? JARTS
Agbahey, Johanes Uriel Ibidjola; Luckmann, Jonas; Grethe, Harald; Alamirew Alemu, Bamlaku.
Frequent shifts in policy on fertiliser markets have occurred in Ethiopia with the aim of facilitating both physical and economic access of farmers to fertiliser. The last shift was the introduction of a monopoly on each stage of the supply chain in 2008. Furthermore, government control of prices and margins as well as stockholding programmes are also present on the markets. This paper evaluates the effect of these policies on the integration of domestic with world markets of fertiliser, using cointegration methods. Time series data of diammonium phosphate (DAP) and urea prices on world, import and retail markets between 1971 and 2012 are used. The findings show high transmission of price signals from world markets to import prices for both DAP and urea....
Tipo: Info:eu-repo/semantics/article Palavras-chave: Agricultural economics agricultural policy; Ethiopia; Fertiliser use; Price transmission; Vector error correction models.
Ano: 2015 URL: http://www.jarts.info/index.php/jarts/article/view/2015111149311
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