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Decomposing Changes in Agricultural Price Gaps

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Author Info
Liefert, William
Abstract

The paper develops a procedure for decomposing changes in agricultural price gaps, defined as the difference between a commodity's domestic producer and border prices. Two decomposition approaches are presented, depending on whether policy allows transmission from changes in trade prices and exchange rates to domestic prices. The methods allow one to isolate and measure the effect on the price gap of changes in agricultural policy versus non-policy variables. The decomposition procedure is demonstrated in an example involving the price gap for Russian poultry in the late 1990s. The results are consistent with the argument that for developing and transition economies, the main cause of changes in price gaps is incomplete transmission of changes in exchange rates to domestic prices, resulting not from policy intervention, but rather from undeveloped market infrastructure.

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Paper provided by International Agricultural Trade Research Consortium in its series Working Papers with number 14592.

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Date of creation: 2005
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Handle: RePEc:ags:iatrwp:14592

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Keywords: Demand and Price Analysis; International Relations/Trade;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Fackler, Paul L. & Goodwin, Barry K., 2001. "Spatial price analysis," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 17, pages 971-1024 Elsevier. [Downloadable!] (restricted)
  2. Stefan R Osborne & William M Liefert, 2004. "Price and Exchange Rate Transmission in Russian Meat Markets," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 46(2), pages 221-244, June. [Downloadable!] (restricted)
  3. Jorge Quiróz & Raimundo Soto, . "International Price Signals in Agricultural Markets: DoGovernments Care?," ILADES-Georgetown University Working Papers inv088, Ilades-Georgetown University, School of Economics and Bussines. [Downloadable!]
  4. Paula De Masi & Vincent Koen, 1995. "Relative Price Convergence in Russia," IMF Working Papers 95/54, International Monetary Fund.
  5. Mundlak, Yair & Larson, Donald F, 1992. "On the Transmission of World Agricultural Prices," World Bank Economic Review, Oxford University Press, vol. 6(3), pages 399-422, September.
  6. Roberts, Donna & Josling, Timothy E. & Orden, David, 1999. "A Framework for Analyzing Technical Trade Barriers in Agricultural Markets," Technical Bulletins 33560, United States Department of Agriculture, Economic Research Service. [Downloadable!]
  7. Ackerman, Karen Z. & Dixit, Praveen M., 1999. "An Introduction To State Trading In Agriculture," Agricultural Economics Reports 33909, United States Department of Agriculture, Economic Research Service. [Downloadable!]
  8. Barrett, Christopher B & Li, Jau Rong, 2002. " Distinguishing between Equilibrium and Integration in Spatial Price Analysis," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(2), pages 292-307, May. [Downloadable!] (restricted)
  9. Skully, David W., 2001. "Economics Of Tariff-Rate Quota Administration," Technical Bulletins 33576, United States Department of Agriculture, Economic Research Service. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Liefert, William, 2007. "Decomposing Changes in Agricultural Price Gaps," Working Papers 14576, International Agricultural Trade Research Consortium. [Downloadable!]
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This page was last updated on 2009-12-11.

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