Poverty Impact of Commodity Price Boom Using Household Survey - The Case of Maize in Zambia

2009 ◽  
Author(s):  
Francesco Caracciolo ◽  
Jose Brambila Macias ◽  
Domenico Depalo
Keyword(s):  
Household Survey ◽  
Commodity Price ◽  
Price Boom

scholarly journals Enhancing Export Diversification in Resource-Rich Economies – Policies and Evidence from Kazakhstan

2019 ◽  
Vol 71 ◽  
pp. 01002
Author(s):  
P. Zhelev
Keyword(s):  
Natural Resources ◽  
Price Volatility ◽  
Monitoring And Evaluation ◽  
Commodity Price ◽  
High Price ◽  
Export Diversification ◽  
Policy Initiatives ◽  
Price Boom ◽  
The Government ◽  
Competitive Economy

Kazakhstan has managed to benefit from its considerable endowments of natural resources during the commodity price boom in the 2000s. However, the global crisis of 2008-09 has demonstrated that relying on a single sector prone to high price volatility cannot be a viable strategy for development. The government of Kazakhstan well realizes that and for already 2 decades has been pursuing various industrial policy initiatives to build a more diversified and competitive economy. The paper aims to examine how successful were those policies by applying various indicators of export diversification. The results show that progress has been very limited as the country’s export basket is highly concentrated and still dominated by oil. This suggests that Kazakhstan should ensure better implementation, coordination, monitoring and evaluation of its diversification initiatives.

scholarly journals Devil or Angel? The Role of Speculation in the Recent Commodity Price Boom (and Bust)

2009 ◽  
Vol 41 (2) ◽  
pp. 377-391 ◽  
Author(s):  
Scott H. Irwin ◽  
Dwight R. Sanders ◽  
Robert P. Merrin
Keyword(s):  
Futures Markets ◽  
Commodity Prices ◽  
Commodity Price ◽  
Commodity Futures ◽  
Index Funds ◽  
Crude Oil Prices ◽  
Price Boom ◽  
Commodity Futures Markets ◽  
Boom And Bust ◽  
Derivatives Markets

It is commonly asserted that speculative buying by index funds in commodity futures and over-the–counter derivatives markets created a “bubble“ in commodity prices, with the result that prices, and crude oil prices, in particular, far exceeded fundamental values at the peak. The purpose of this paper is to show that the bubble argument simply does not withstand close scrutiny. Four main points are explored. First, the arguments of bubble proponents are conceptually flawed and reflect fundamental and basic misunderstandings of how commodity futures markets actually work. Second, a number of facts about the situation in commodity markets are inconsistent with the existence of a substantial bubble in commodity prices. Third, available statistical evidence does not indicate that positions for any group in commodity futures markets, including long-only index funds, consistently lead futures price changes. Fourth, there is a historical pattern of attacks upon speculation during periods of extreme market volatility.

The 2008 commodity price boom: did speculation play a role?

2011 ◽  
Vol 25 (1) ◽  
pp. 17-28 ◽  
Author(s):  
Olle Östensson
Keyword(s):  
Commodity Price ◽  
Price Boom

scholarly journals Paraguay

2021 ◽  
Vol 21 (45) ◽  
Author(s):  
Keyword(s):  
Economic Activity ◽  
Service Sector ◽  
Commodity Price ◽  
Gdp Growth ◽  
Activity Levels ◽  
Agricultural Commodity ◽  
Weather Shocks ◽  
Price Boom ◽  
Tradable Sector ◽  
Bad Weather

In the past two decades, Paraguay has seen strong growth and a sharp reduction in poverty. Strong GDP growth was the result of sound macro policies (with low inflation and low fiscal deficits and debt) and an agricultural commodity price boom which spilled over to the non-tradable sector. Growth was not just high but also volatile, as bad weather shocks led to poor harvests, which spill over to the broader economy. In early 2020, Paraguay was rebounding strongly from another weather shock, and full-year growth was forecast at over 4 percent. In 2019, bad weather had reduced the harvest, and GDP growth had come to a near standstill. A recovery started in the second half of 2019 and gathered strength in early 2020—in February economic activity was 7 percent higher than a year earlier. The Covid-19 epidemic halted the recovery. An early lockdown—which kept the death toll among the lowest in the region—led to a sharp contraction in economic activity, with April activity levels at 20 percent below those in February. Women, informal sector workers, and workers in the service sector were particularly hard hit; while children were severely affected by the closing of the schools until the end of 2020.

scholarly journals An Economic Rationale for the West African Scramble? The Commercial Transition and the Commodity Price Boom of 1835–1885

2018 ◽  
Vol 78 (1) ◽  
pp. 231-267 ◽  
Author(s):  
Ewout Frankema ◽  
Jeffrey Williamson ◽  
Pieter Woltjer
Keyword(s):  
West Africa ◽  
Commodity Price ◽  
West African ◽  
Sub Saharan Africa ◽  
Export Markets ◽  
Colonial Era ◽  
Export Prices ◽  
Economic Rationale ◽  
Price Boom ◽  
Sub Saharan

We use a new trade dataset showing that nineteenth century sub-Saharan Africa experienced a terms of trade boom comparable to other parts of the “global periphery.” A sharp rise in export prices in the five decades before the scramble (1835–1885) was followed by an equally impressive decline during the colonial era. This study revises the view that the scramble for West Africa occurred when its major export markets were in decline and argues that the larger weight of West Africa in French imperial trade strengthened the rationale for French instead of British initiative in the conquest of the interior.

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