Effects of International Food Price Shocks on Political Institutions in Low-Income Countries: Evidence from an International Food Net-Export Price Index

2014 ◽  
Vol 61 ◽  
pp. 142-153 ◽  
Author(s):  
Rabah Arezki ◽  
Markus Brueckner
Keyword(s):  
Low Income ◽  
Political Institutions ◽  
Price Index ◽  
Export Price ◽  
Food Price ◽  
Low Income Countries ◽  
Price Shocks ◽  
Net Export ◽  
Export Price Index

Managing Global Growth Risks and Commodity Price Shocks - Vulnerabilities and Policy Challenges for Low-Income Countries

Policy Papers ◽  
2011 ◽  
Vol 11 (76) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Commodity Prices ◽  
Commodity Price ◽  
Analytical Framework ◽  
Low Income Countries ◽  
Price Shocks ◽  
Commodity Price Shocks ◽  
The Face ◽  
Global Growth

As part of its work to help low-income countries (LICs) manage volatility, the IMF has recently developed an analytical framework to assess vulnerabilities and emerging risks that arise from changes in the external environment (see IMF, 2011a). This report draws on the results of the first Vulnerability Exercise for LICs (VE-LIC) conducted by IMF staff using this new framework. The report focuses on the risks of a downturn in global growth and of further global commodity price shocks, and discusses related policy challenges. The report is organized as follows: Chapter I reviews recent macroeconomic developments, including the spike in global commodity prices earlier this year. Chapter II assesses current risks and vulnerabilities, including how a sharp downturn in global growth and further commodity price shocks would affect LICs. Chapter III discusses policy challenges in the face of these risks and vulnerabilities.

Implications of Food Price Shocks on Availability of Food: Evidences from the Indian Economy

2020 ◽  
pp. 097639962093739
Author(s):  
Arindam Laha ◽  
Subhra Sinha
Keyword(s):  
Government Procurement ◽  
Food Prices ◽  
Food Price ◽  
Relative Price ◽  
Agricultural Commodity ◽  
Price Shocks ◽  
Food Grains ◽  
Domestic Prices ◽  
The Government ◽  
Net Export

In the backdrop of liberalized trade of agricultural commodity in post WTO regime, reform measures is reflected in the change of domestic prices vis-à-vis international prices of food articles. Physical availability of food is purposively selected as a food security indicator in this paper due to its conceptual linkages of food price movement and domestic food supply. A declining trend in the per capita availability of food grains in the post reform period suggests a net export of food grains. Government intervention in procurement and distribution of food grains helps in insulating the shock of food prices in post food crisis situation. Empirical evidences also suggest that there exists a bi-directional causality in between relative price and net export, or food grains production, or government procurement of foodgrains. A responsive change in foodgrains production, net imports, foodgrains procurement and change in the government stock is followed by food price shocks.

scholarly journals URUGUAY AND THE FIRST GLOBALIZATION: ON THE ACCURACY OF EXPORT PERFORMANCE, 1870-1913

2015 ◽  
Vol 33 (2) ◽  
pp. 287-320 ◽  
Author(s):  
Nicolás Bonino-Gayoso ◽  
Antonio Tena-Junguito ◽  
Henry Willebald
Keyword(s):  
Empirical Evidence ◽  
Price Index ◽  
Export Performance ◽  
Export Price ◽  
International Market ◽  
Economic Evolution ◽  
Market Prices ◽  
Long Run ◽  
Export Price Index

ABSTRACTIn order to understand Uruguay’s long-run economic evolution it becomes crucial to interpret its export performance during the First Globalization. The lack of accuracy of official figures, especially official prices used, calls for an adjustment of Uruguayan export series. We have used empirical evidence to test the accuracy of quantities and values of export records, first, according to import partners’ records and, second, according to international market prices. Results show a general undervaluation of official export values during the period along with severe distortions in the registers caused by transit trade. We reconstructed new Uruguayan export f.o.b values and an export price index which present a more unstable and less dynamic export evolution than that of neighbouring Argentina.

Food price spikes: Is a cereal export ban the right response for Ethiopia?

2020 ◽  
Vol 49 (3) ◽  
pp. 225-234
Author(s):  
Emerta A Aragie ◽  
Jean Balié ◽  
Cristian Morales -Opazo
Keyword(s):  
Low Income ◽  
Food Prices ◽  
Low Income Countries ◽  
Price Shocks ◽  
Policy Responses ◽  
Domestic Prices ◽  
Short Run ◽  
Price Hike ◽  
The Right ◽  
Domestic Food

Following the price hikes of 2007–2008 and 2010–2011, many governments in low-income countries implemented food export bans. While several studies investigate the macroeconomic impacts of such bans on large net exporters of grains, only very few country case studies have examined the economy-wide and distributional effects combined. Further, there is a lack of rigorous studies that explicitly analyse cereal export bans as policy responses to external price shocks and their net combined effects, both in the immediate and in the short run. This article evaluates this situation for the case of Ethiopia, a net food-importing country. We find that international price shocks not only do affect domestic prices but could also considerably suppress domestic food production and supplies. A cereal export ban can help stabilize domestic food prices but cannot fully erase the price hike. We, however, note that the ban further discourages domestic cereal production and reduces rural households’ welfare.

Sign in / Sign up

Export Citation Format

Share Document