Trade exposure and income volatility in cash-crop exporting developing countries
AbstractWorld commodity price volatility generates an aggregate macroeconomic risk for the many developing countries that are dependent on the export of a few agricultural commodities. Usual income indicators should therefore take into account the corresponding risk premium, especially for households close to subsistence level. A risk-augmented income distribution would yield a very different ranking of the policies often used to alleviate the domestic impact of world price volatility. This paper gives illustrative examples using simulations generated by a general equilibrium model with random prices for cash crops. Results show that policies that are similar in terms of expected average income can have quite different effects in terms of income variances. Copyright 2004, Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.
Volume (Year): 31 (2004)
Issue (Month): 3 (September)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://www.erae.oupjournals.org/
More information through EDIRC
Other versions of this item:
- François Bourguignon & Sylvie Lambert & Akiko suwa-Eisenmann, 2004. "Trade exposure and income volatility in cash-crop exporting developing countries," Research Unit Working Papers 0408, Laboratoire d'Economie Appliquee, INRA.
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Antonio Lopolito & Maurizio Prosperi & Roberta Sisto, 2009. "Socio-Economic Implications Of The Development Of A Bio-Refinery: An Analysis With Fuzzy Cognitive Maps," Quaderni DSEMS 19-2009, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
- Charles, Michael B. & Ryan, Rachel & Ryan, Neal & Oloruntoba, Richard, 2007. "Public policy and biofuels: The way forward?," Energy Policy, Elsevier, vol. 35(11), pages 5737-5746, November.
- Charles, Michael B. & Ryan, Rachel & Oloruntoba, Richard & Heidt, Tania von der & Ryan, Neal, 2009. "The EU-Africa Energy Partnership: Towards a mutually beneficial renewable transport energy alliance?," Energy Policy, Elsevier, vol. 37(12), pages 5546-5556, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.