TY - UNPB

T1 - International to domestic price transmission in fourteen developing countries during the 2007-08 food crisis

AU - Baltzer, Kenneth Thomas

PY - 2013

Y1 - 2013

N2 - This paper synthesizes the evidence on price transmission from international maize, rice and wheat markets to domestic markets in fourteen developing countries during the global food crisis in 2007-08. A great variation in the price transmission patterns is observed; from almost no price pass-through in China and India, over close relationship between international and domestic prices in Brazil and South Africa, to substantial domestic price overshooting in Ethiopia and Nigeria. Much of this variation can be explained by price stabilization policies, public policy failure, incomplete market integration, and coinciding domestic shocks.

AB - This paper synthesizes the evidence on price transmission from international maize, rice and wheat markets to domestic markets in fourteen developing countries during the global food crisis in 2007-08. A great variation in the price transmission patterns is observed; from almost no price pass-through in China and India, over close relationship between international and domestic prices in Brazil and South Africa, to substantial domestic price overshooting in Ethiopia and Nigeria. Much of this variation can be explained by price stabilization policies, public policy failure, incomplete market integration, and coinciding domestic shocks.

KW - ???International økonomi og politik???

KW - Price transmission

KW - Global food crisis

KW - Cereal prices

M3 - Working paper

T3 - WIDER Working Paper

BT - International to domestic price transmission in fourteen developing countries during the 2007-08 food crisis

PB - World Institute for Development Economics Research, United Nations University

CY - Helsinki

ER -